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Daimler CEO says nobody is making money on EVs right now

What do you charge for a vehicle you're going to lose money on? If you're Mercedes-Benz and the vehicle in question is the B-Class Electric Drive, you offer it for lease for just 399 euros ($498) a month with a down payment of 8,473 euros ($10,582). If Daimler was going to price it honestly, it seems, the number would have to be a lot higher. "Nobody today is making a battery-powered vehicle that's economically viable." – Daimler CEO Dieter Zetsche That's according to Daimler CEO Dieter Zetsche, who spoke to reporters in Spain recently and said that, "You can reasonably say that nobody today is making a battery-powered vehicle that's economically viable in its own right. Manufacturers will not see a return within a reasonable time on the billions they're investing now." There are ways to make money in EVs, of course. Just ask Daimler, which recently sold its stake in Tesla for a cool $780 million. Zetsche has some EV-critical company in executives like Fiat Chrysler CEO Sergio Marchionne, who has said his company loses over $10,000 on each Fiat 500E it sells. Other automakers – e.g., Tesla, Nissan – are much more positive about their financial bet on EVs, but no one is opening all their books to the public to prove this. Tesla, which worked with Mercedes on the B-Class ED, will have an earnings call with investors later today, so perhaps we'll learn something new in a few hours. The B-Class ED lease deal is for 36 months, based on an MSRP of 39,151 euros ($48,895) in Europe, including the 19 percent VAT. You can read more in the press release below. Commercial release of Mercedes-Benz B-Class Electric Drive: Local emission-free driving from ˆ399/month Stuttgart, Nov 03, 2014 With its high-torque electric motor, the B-Class Electric Drive delivers lively and superior driving pleasure – with zero local emissions. The B-Class Electric Drive is now available to order, with deliveries set to start before the end of 2014. Prices start at ˆ39,151[1]. The B-Class Electric Drive can be leased through the Mercedes-Benz Bank from ˆ399 a month[2]. Further information on the full range of tailor-made leasing and financing offers as well as specific pricing examples are available at http://www.mercedes-benz-bank.de. Quiet and local emission-free driving is ensured by a 132 kW electric motor, which, as is typical of an electric drive, delivers its maximum torque of 340 Nm right from the start. The result is noticeably powerful acceleration from rest.

2017 Mercedes GLS brings Benz's flagship SUV up to date

Mercedes-Benz is continuing the revision of its entire crossover lineup with the introduction of the new GLS. A facelifted version of the existing GL-Class, the new GLS aims to serve as the flagship of the German automaker's SUV lineup in the same way that the S-Class does for its sedans, coupes, and convertibles. As an update (rather than a completely new model), the new GLS is physically mostly the same as the GL it replaces, but packs a comprehensive series of revisions to bring it up to date. Those revisions can be seen on the outside, with revised styling front and rear. However the real changes have been made underneath the skin. The seven-passenger interior features a new three-spoke steering wheel, instrument panel with media display, center console with touchpad control, ambient lighting, and even an available air ionization system. The interior trim has been redone as well, with available Designo Exclusive and AMG Line packages to individualize it further. The new GLS will be offered Stateside in four engine specs. The base model is the GLS450, with a 3.0-liter twin-turbo V6 producing 362 horsepower and 369 pound-feet of torque. Step up to the GLS550 and you get 455 hp (20 more than before) and 516 lb-ft of torque. There's a six-cylinder diesel option in the GLS350d, good for 255 hp and 455 lb-ft. And the performance flagship, of course, is the new Mercedes-AMG GLS63, with 577 horsepower and 561 lb-ft of torque. The standard versions come with 4Matic all-wheel drive and a nine-speed automatic transmission with additional settings. The AMG version gets a rearward-biased traction system and a seven-speed dual-clutch gearbox instead. The standard models ride on an improved air suspension with enhanced damping, but the GLS63 adds a Sport+ instead of Off-Road setting on the Dynamic Select controller. There's a low-range gearbox and locking center diff available as well for those who plan to go off-road. Mercedes has fitted the GLS with all its latest electronic systems, including Collision Prevention Assist Plus, Crosswind Assist with Attention Assist, Brake Assist BAS, Pre-Safe braking, and more. The optional Driver Assistance package adds Distronic Plus with Steering Assist, pedestrian detection, cross-traffic assist, active blind-spot monitoring, lane-keeping assist, and more. There's an optional intelligent LED lighting system and heated adaptive windshield wipers as well.

Car2go introduces four-seat Mercedes B-Class vehicles

Easily identified by its huge fleet of blue-and-white Smart Fortwos in cities around the world, Daimler's Car2go car sharing service is growing in Canada – both in the number of vehicles and the doors that they have. For the first time in North America, the company is renting a model with a usable backseat thanks to a new pilot program bringing 75 examples of the Mercedes-Benz B-Class to Toronto, Vancouver, and Calgary. The point of adding these hatchbacks to the ranks is to offer an option for those seeking more than the paltry room that the ForTwo offers. Car2Go imagines people using the B-Class to haul extra people in the back or just for the added cargo space. The vehicles wear the same blue-and-white look as the rest of the fleet, but they're specially identified for users in the smartphone app. Best of all, for this pilot program, their rental cost is the same 41 cents per minute as the tinier Smarts. The car sharing service has already started testing the waters of offering the B-Class in Germany. Its Car2Go Black pilot program was announced last year and placed 100 of the hatchbacks in both Berlin and Hamburg. car2go Just Got A Lot More Spacious Carsharing Leader Introduces Four-Door Vehicles For The First Time In North America AUSTIN, Texas, Sept. 28, 2015 /CNW/ -- car2go N.A., LLC, the market leader for one-way carsharing in Canada, announced today that car2go will be introducing 75 four-door vehicles to its fleet in Toronto, Vancouver and Calgary. The pilot program, which officially launches today, provides over 300,000 car2go members in Canada exclusive access to the Mercedes B-Class vehicle, a roomy, versatile alternative to car2go's signature smart fortwo vehicle. The new four-door vehicles are also equipped with the latest car2go technology, allowing members the ability to control their entire car2go experience seamlessly through the official car2go smartphone app. car2go will be introducing 75 four-door vehicles to its fleet in Toronto, Vancouver and Calgary. CLICK TO TWEET: car2go introduces Mercedes vehicles in Canadian markets for the first time http://c2g.cc/Gdscbf "As our members embark on new life chapters – whether moving to a new residence or growing their family – we want to continue providing an affordable and convenient transportation option that allows them to go wherever life takes them," said Paul DeLong, President and CEO of car2go N.A.