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Category Archives: Beijing

Latest Mercedes-Benz News

Daimler’s 5th Design Studio Opened in Beijing

The 5th Mercedes- Benz Advanced Design Studio opened in Beijing, this is shortly after the new joint venture with Beijing Benz Automotive Co. Ltd. The opening was attended by Steffen Koehl, Director of Global Advanced Design Mercedes-Benz, Professor Olivier Boulay, VP of Advanced Design Center in China and Ulrich Walker, chairman and CEO of Daimler North East Asia. The company said that it “underlines the increasing recognition of the importance” of China’s market. Because of the new design studio, Mercedes-Benz said that they are expecting that the region will influence the design of the cars for the future as everyone knows that the design is an important part of the… Continue Reading »

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Daimler and BAIC Ink New Joint Venture

Daimler has announced a joint venture company to be named Beijing Benz Automotive Co, Ltd. (BBAC). Together with its Chinese partner Beijing Automotive Industry Corporation, about 2 billion euros will be invested in the new joint venture. The agreement covers local production for the Chinese market of the the GLK SUV and three models of the upcoming generation of Mercedes-Benz compact cars. Meanwhile, production capacities for the capacities for the C- and E-Class will be expanded from the current 80,000 units, depending on demand. Along with an R&D center, a new engine plant for 4-cylinder gasoline engines will also be put up in two years, which will supply the engine… Continue Reading »

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F-CELL World Drive enters final leg back to Europe

Two days from now, Mercedes-Benz’s F-CELL World Drive campaign will leave China’s Auto Shanghai showroom floors and head for the final and lengthiest round of its world tour. It’ll travel all the way from Shanghai through Kazakhstan and Russia until it makes its way back into Europe, it’s original starting point. Almost 14,000 kilometers will have been covered by the B-Class F-CELL with power coming from its three fuel cells. 5,300 kilometers of that distance has been covered in Australia alone. It is expected to finish its tour of the world in Europe, through countries such as Russia, Finland, Sweden, Norway, Denmark and Germany. What really makes the tour’s final… Continue Reading »

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Daimler’s outlook for China pegged at 20% growth

Despite oil prices surging all over the world plus the absence of automotive incentives for car buyers, Daimler AG says that it still expects to perform well in China, predicting at least a 20 percent growth in the country. Daimler Northeast Asia Ltd. Chairman Ulrich Walker says during a press conference that their expected outlook is merely a “conservative” target. Walker adds that he’s not too worried that the market in China will be affected heavily by new government measures in persuading car buyers from purchasing new cars in order to help the worsening traffic situation in the country. He believes that China still has huge potential as a market… Continue Reading »

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CLS Shooting Brake gets the green light

Hopefully, this is nothing like the Porsche Shooting Brake hoax that had a lot of people fooled from the very start. Mercedes-Benz has just official word of plans to build the CLS Shooting Brake by 2012. This promising model should go into production along with the rest of the company’s models in their plant in Sindelfingen. The CLS Shooting Brake concept was first revealed back at the Beijing Motor Show. So we should well expect production spy shots to start leaking around early next year. News travels fast in this business, as you’ve witnessed time and again. The company’s saying they’re going to be putting the sedan’s standard powerplant under… Continue Reading »

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Mercedes-Benz Affirms 10% Return Of Sales Goal

After a meeting with some investors and analysts in Beijing, the Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars, Dr. Dieter Zetsche, showed optimism with regards to the German automaker’s excellent financial outcome. According to Dieter Zetsche, from the present outlook, if the world economy continues to get better, they foresee Mercedes-Benz Cars to attain its goal of reaching a 10 percent return of sales in the second half of 2012 and sustain it till 2013. Additionally, he expects Mercedes-Benz Cars’ EBIT in the second quarter of 2010 to be much formidable compared to the first quarter. Based on the news, the company’s earnings… Continue Reading »

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Mercedes-Benz Cars expects Great Sales Data for Second Quarter of 2010

For the second quarter of 2010, Mercedes-Benz Cars has confirmed 10% return-on-sales target and also anticipates improved EBIT (earnings before interest and taxes). Dr. Dieter Zetsche, Chairman of Daimler’s Management Board and head of Mercedes-Benz cars, said, “China is increasingly becoming the center of gravity of the automotive industry and has recently become Mercedes-Benz Cars’ third-largest sales market.” Daimler AG is highly optimistic and anticipates sound growth opportunities in terms of revenue, unit sales and earnings. Daimler AG is all set to achieve the goal of providing sustainable profits at Mercedes-Benz Cars through operating activities. The company had earlier posted its EBIT of €806 million in the first quarter of… Continue Reading »

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