4matic 4dr Gl550 Gl-class Low Miles Suv Automatic Gasoline 4.6l V8 Twin Turbocha on 2040-cars

Auto blog

Geely chairman is now the single biggest investor in Daimler

Li Shufu, the chairman and main owner of Chinese carmaker Geely, has built a stake of 9.69 percent in Daimler AG, the German carmaker said in a regulatory filing on Friday. The stake, worth nearly $9 billion at the current valuation for Daimler shares, makes Li the biggest single shareholder in the maker of Mercedes-Benz cars, trucks and vans headquartered in the German city of Stuttgart. A Daimler spokesman called the stake purchase a private investment by Li. "We are delighted, with Li Shufu, to have won over another long-term investor who is convinced of Daimler's innovative prowess, strategy and future potential," the spokesman said in response to a request for comment. "Daimler knows and respects Li Shufu as a Chinese entrepreneur of particular competence and forward thinking." Li's stake purchase makes him the top shareholder in Daimler ahead of the Kuwait Investment Authority, which owned 6.8 percent as of Sept. 30, according to Thomson Reuters data. Earlier this month, the German newspaper Bild am Sonntag reported that the Chinese industry giant was seeking to become Daimler's biggest shareholder, likely exceeding the 6.8-percent stake of the Kuwait Investment Authority. The paper said Daimler had reportedly turned down Geely's $4.5 billion offer for a 5-percent stake via a discounted share placement, saying that Geely could buy shares in the open market. Institutional investors currently own 70.7 percent of Daimler, and the company already has strong ties to Chinese automakers BAIC and BYD. Bild am Sonntag said the move was intended as a strategic alliance against Apple, Google and Amazon on autonomous and connected cars. And Reuters reported that Daimler wants to have bespoke "robo taxis" on the road quicker than Google's Waymo, and views Geely as a strong partner for that. Geely conversely is interested in Daimler's electric car battery technology, and sources quoted by the German paper say there are plans to establish joint electric car manufacturing in Wuhan, China, to meet China's smog-reducing quotas. Geely is developing the Lynk & Co. brand of electric and hybrid cars. Geely owns Volvo, which has enjoyed a renaissance under the arrangement, as well as the maker of London's black cabs. In December, it bought a stake in AB Volvo, the maker of Volvo trucks.

Mercedes-Benz C350 Plug-In Hybrid promises 20 miles EV range, 5.9 seconds to 60

Mercedes-Benz has introduced its first hybrid C-Class to the US market with the new C350 Plug-In Hybrid. Despite its fuel-saving purpose, though, this C is not short on firepower. MB paired a 208-horsepower, 258-pound-foot, turbocharged four-cylinder with a 80-hp, 251-lb-ft electric motor for a potent overall output of 275 hp and 443 lb-ft of torque. That translates a 0-60 time of just 5.9 seconds and a top speed of 130 miles per hour. For those that aren't interested in such frivolous numbers, though, the C-Class can still impress in more environmentally friendly ways. It can cover 20 miles to a charge and will hit speeds of up to 80 miles per hour (although not likely at the same time). Naturally, fuel economy figures aren't available at this early stage. Beyond those powertrain changes, the C350 Plug-In is still the same relaxed, luxurious baby S-Class, with a class-leading interior that should really benefit from the quiet ride provided by an electric powertrain. Take a look at our full gallery of live images of the new C-Class hybrid, straight from the Detroit's Cobo Hall. Featured Gallery 2016 Mercedes-Benz C350 Plug-In Hybrid: Detroit 2015 View 12 Photos Image Credit: Copyright 2015 Drew Phillips / AOL Green Detroit Auto Show Mercedes-Benz Hybrid Luxury 2015 Detroit Auto Show mercedes c350 plug-in hybrid

Mercedes S-Class Magic Body Control ad is clucking awesome

This is a new ad from Mercedes-Benz. At no point does it show an automobile. Instead, it stars animals, but not the sort you might normally see in car commercial. This ad is all about chickens. It is bizarre, to say the least, with Diana Ross and the Supremes belting it out in the background, but it all kind of comes together when you realize just what Mercedes is hawking (yeah, pun intended).
It's for the manufacturer's Magic Body Control, found on the new S-Class. The system basically analyzes the road and prepares the suspension accordingly, leading to a ride that is, in the words of our own Chris Paukert "nothing short of spooky." You can read about it in our full review of the 2014 S550. Take a look below for the 53-second spot.