Exciting news coming out of Germany today. Mercedes-Benz announced that it started small series production of its first all-electric heavy truck, the Urban eTruck, and launched trials with customers in order to test the vehicle’s capacity on urban routes.
Mercedes-Benz Stories February 17
Mercedes-Benz Stories February 10, 2016
As part of its shareholder letter posted ahead of its earnings call today, Tesla demonstrated its catastrophic affect on the US luxury car market with a simple table. If you start at the bottom, the market is at about 100,000 cars a year and it’s basically unchanged from 2014 to 2015.
The market is for “large luxury” cars and includes not only the Model S but Audi’s A7 and A8, BMW’s 6 and 7 series, the Jaguar XJ, Lexus LS Mercedes CLS and S Class and the Porsche Panamera. Each of these models has fallen in sales from almost 5%-over 15% from 2014-2015. Where did these sales go? expand full story
Mercedes-Benz Stories September 16, 2015
Mercedes-Benz Stories January 17, 2014