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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.

Tesla to introduce all-wheel-drive Model S in 2014?

The Model X sport utility vehicle may not be the first all-wheel-drive Tesla to hit the market. According to The Verge, Tesla is working on an AWD version of its Model S sedan. Currently, the Model S is only available with rear-wheel drive, but sources in the know at Tesla reportedly have said that an AWD version could be released as early as 2014, which is the same year the SUV is expected to be launch.
There was no hint in yesterday's conference call or shareholder letter that an AWD Model S is in the mix. Furthermore, the company's attention currently is focused in other places, such as Europe, Japan and China. But, as The Verge points out, CEO Elon Musk made comments in the 2013 annual shareholder meeting on June 4 about an AWD chassis that would be released in 2014 or 2015 - without the context of the Model X. We have to wonder: were the SUV's drivetrain and chassis also developed with other vehicles in mind?
Our own Domenick Yoney from AutoblogGreen adds another peculiar twist to the Tesla story: "When I spoke to Dorian West, Director of Powertrain Hardware Engineering, at Refuel, I was given the strong impression that I shouldn't expect anything [on the AWD front from Tesla] until after the Model X comes out."

Autoblog editors come clean about their controversial automotive beliefs

We all have controversial opinions. Be it whether you think the Nissan Juke is actually pretty attractive, manual transmissions aren't always better, or you honestly didn't hate the Pontiac Aztek, we all harbor some persuasion, be it big or small, for which we catch copious flak upon expression.
In recognizing that all of us here at Autoblog harbor at least one viewpoint that stubbornly goes against the grain of popular opinion among auto enthusiasts, we've decided to come clean with them right here, proudly speaking our minds in a mature, structured manner - a striking contrast to how these things tend to come up while debated in the office.
We'd also like to invite you to share your unpopular and controversial opinions with us and the Autoblog faithful down in Comments. Don't be ashamed - this is a safe place.