Get paid To Promote at any Location
Showing posts with label Daimler AG. Show all posts
Showing posts with label Daimler AG. Show all posts

Frankfurt: 2008 Mercedes-Benz C-Class Estate

Due for unveiling at Frankfurt next month, Mercedes-Benz pulled the wraps off the 2008 C-Class Estate. The styling is very attractive for a wagon and it seems red goes really nicely with them (circa Holden VE Wagon). The C-Class Estate boasts the largest load capacity in its class, at 1500 liters. The Estate also features an optional "EASY-PACK" tailgate, which essentially is a power tailgate. The European C-Class Estate is available in three trim levels: CLASSIC, ELEGANCE, and AVANTGARDE. The North American range will remain the same as the Sedan: C300 Sport, C300 Luxury and the C350 Sport. The Sport models receive the AMG-styled grille, and we prefer it to the traditional grille on the Luxury model.

The Estate is equipped with the same engine options as its four-door counterpart. The C200 Estate achieves 47MPG and claims to run over 620 miles on a single tank. Except for the C350 which is coupled to a 7G-TRONIC transmission, all models are standard with a six-speed manual. As always, the North American models will not get the diesel engines.

The C-Class Estate will go on sale in Europe immediately after its public launch in Frankfurt next month. No word on sale dates in North America and the official pricing for now. Continue reading to view a hi-res image gallery and the official press release.

[Source: Mercedes-Benz]



PRESS RELEASE: The new C-Class Estate: Unrivalled spaciousness, plus exemplary safety, optimum comfort and tangible agility

Stuttgart, Aug 31, 2007

Stuttgart - Just a few months following the market debut of the saloon, Mercedes-Benz is now unveilling the estate version of the new C-Class. The estate takes the trademark strengths of the saloon, such as safety, agility and comfort, and combines them with a significant increase in spaciousness and versatility. Quite apart from being able to hold a maximum of 1500 litres, giving it a larger load capacity than any other premium-class estate in this market segment, the new C-Class Estate also offers a host of handy features for easy loading and safe transportation -a tailgate which opens and closes automatically at the push of a button, for example. Compared to the outgoing model, the new Mercedes estate burns as much as twelve per cent less fuel. With an official NEDC consumption of 6.0 litres/100 km, the new C 200 CDI can make a single tank of fuel (66 litres) last for over 1000 kilometres. Just like the saloon, the estate version of the new C-Class has also been awarded an Environmental Certificate, which attests to the environmentally oriented development process as conforming with the international ISO standard. In terms of safety, the new estate blazes a trail with innovations of the likes of PRE-SAFE® and the Intelligent Light System, and distinguishes itself as the safest car in this vehicle class. Seven airbags, belt tensioners and belt force limiters, as well as crash-responsive NECK-PRO head restraints all make up part of the standard specification.

The new estate adopts the C-Class Saloon’s customer-focused concept for the design and equipment lines. There is a choice of three models - CLASSIC, ELEGANCE and AVANTGARDE - which highlight the vehicle’s comfort or agility to differing degrees. The AVANTGARDE line features a large Mercedes star positioned in the centre of the radiator grille that emphasises its sporty, agile nature. This traditional distinctive mark of sporty models from Mercedes is now being employed in an estate model for the first time by the Stuttgart-based automotive brand. In the ELEGANCE model, a three-dimensional, louvred radiator grille with a high-gloss paint finish accentuates other brand-typical attributes such as comfort and luxury. The CLASSIC model, meanwhile, is deliberately more restrained and traditional.

New benchmark figure: maximum load capacity of 1500 litres

During the concept phase for the new estate, the designers and engineers at Mercedes took the expectations of the brand’s customers as their yardstick. Consequently, spaciousness, versatility and functionality were given top priority. Compared to its predecessor, the rear of the new estate is slanted far more steeply, a crucial factor for enlarging the vehicle’s load volume. This now varies between 485 and 1500 litres (VDA measuring method), depending on the position of the 1/3 : 2/3 split-folding rear seat — more than any of the model’s rivals in this class of premium estate car are able to offer. Measured against the outgoing C-Class Estate, load capacity has been increased by as much as 146 litres.

This makes the estate a thoroughly practical vehicle in every respect. It is able to accommodate, for example, four golf bags including trolleys, nine large packing cases or a total of 44 drinks crates each containing six 1-litre juice bottles. The largest possible cuboid that fits into the load compartment now has a volume of 827 litres - that is an increase of 66 litres compared to the previous model and between 50 and 100 litres more than other premium estate models in this class are able to handle. The maximum utilisable interior length is a whole 2.82 metres, as measured between the tailgate and the front passenger footwell - 17 centimetres more than previously.

Convenient loading: EASY-PACK tailgate and load-securing kit

Thanks to a host of practical details, the new Mercedes estate can be loaded more easily, more conveniently and more safely. For instance, two bag hooks and four rings for anchoring loads are included in the load compartment as standard.

Stowage compartments with net covers and a collapsible shopping crate can likewise be found in all models, as can the combined luggage cover and retaining net. The new EASY-PACK tailgate opens and closes as the push of a button, representing a first in this segment. Finally, the optional EASY-PACK load-securing kit presents drivers with even more possibilities for both partitioning the load compartment — that measures around 1.80 metres long and up to 1.20 metres wide — and for securing the load being carried.

The new C-Class Estate also makes a perfectly good towing vehicle and, indeed, offers a class-beating towing capacity of as much as 1800 kilograms. The self-levelling suspension that is optionally available keeps the vehicle at a constant ride height regardless of the load it is carrying.

Accredited environmental protection: a twelve per cent cut in fuel consumption

Environmental considerations played a key role in the development of the Mercedes-Benz C-Class from the very start. This is corroborated by the Environmental Certificate that was awarded by the TÜV Technical Inspection Authority in Germany. Mercedes-Benz is the only automotive brand in the world to have obtained a certificate under the terms of ISO standard 14062 for environmentally acceptable product development.

With brand new or redeveloped engines under the bonnet offering greater power and torque, the C-Class Estate consumes up to twelve per cent less fuel than previously. The four-cylinder power units were the focus of the development work: in the case of the C 180 KOMPRESSOR and C 200 KOMPRESSOR petrol models Mercedes-Benz modified the engine management and fitted a more dynamic supercharger and improved pistons to boost output by 10 kW/13 hp and 15 kW/20 hp respectively. At the same time, the fuel consumption figures for the two models could be cut by as much as 10.3 per cent to 7.7 and 7.8 litres/100 kilometres.

Mercedes-Benz also gave the four-cylinder diesel engines a thorough overhaul too, making improvements not only to the injection system, the turbocharger and the intercooler but to more than 90 other components too. The upshot is engines delivering more power and higher torque, combined with fuel consumption that is around twelve per cent lower. The new C 220 CDI now has an output of 125 kW/170 hp (previously: 110 kW/150 hp) and musters up 400 Newton metres of peak torque (previously: 340 Newton metres) from 2000 rpm. Fuel consumption on the NEDC driving cycle comes in at just 6.1 litres for every 100 kilometres (previously: 6.9 l/100 km).

In the new C 200 CDI, power has been upped by eleven per cent (100 kW/136 hp instead of 90 kW/122 hp before) and fuel consumption is 6.0 litres/100 kilometres (previously 6.8 l/100 km).As for the six-cylinder engine range, there is a choice of three petrol units developing 150 kW/204 hp, 170 kW/231 hp and 200 kW/272 hp, as well as the new C 320 CDI with an output of 165 kW/224 hp. With the exception of the C 350, all engine variants are coupled to a six-speed manual transmission. The C 350 is partnered by the 7G-TRONIC seven-speed automatic transmission.

Sporty agility: shock absorbers that change with the driving situation
The unique blend of agility and comfort that forms one of the exceptional strengths of the new C-Class is basically down to the standard-fit AGILITY CONTROL package. This features shock absorbers which automatically adapt to the current driving situation for a noticeable improvement in ride comfort when driving normally. As soon as a more dynamic driving style is adopted, on the other hand, the maximum damping forces are set to stabilise the estate effectively .

A steering system that is six per cent more direct and a short-throw six-speed manual transmission also form part of the AGILITY CONTROL package.

The dynamic handling package that is available as an option bestows the new C-Class Estate with a degree of agility worthy of out-and-out sports cars. The driver is able to choose from two drive modes which determine the fundamental suspension characteristic: Comfort and Sport.

Within these modes, the shock absorbers at each wheel are regulated by means of an infinitely variable electronic control. What’s more, the body is lowered by 15 millimetres and the suspension equipped with shorter springs and thicker torsion bars. The dynamic handling package also encompasses the new speed-sensitive power steering with a more direct ratio and variable centring.

The body index devised by engineers at Mercedes clearly illustrates just how agilely the new C-Class Estate performs out on the road. This index is calculated from the readings for various driving manoeuvres, thereby forming a new composite formula for a vehicle’s dynamic handling abilities. The larger the body index, the better the suspension is linked to the body and the firmer the suspension’s tuning. The standard AGILITY CONTROL suspension gives the C-Class a body index of 1.91 to 2.01 hertz, while the new model attains sports-car-like values of up to 2.46 hertz with the dynamic handling package fitted.

Kitting out the new estate with the AMG sports package adds a sports suspension with shorter springs and firmer shock absorbers to the specification, along with 17-inch light-alloy wheels. The body is also dropped by 15 millimetres.

Hallmark Mercedes quality: the safest car in its class

The C-Class Estate has come through an exhaustive programme of testing, during which it demonstrated its typical Mercedes-like levels of safety in over 100 crash tests in all. The occupant protection concept is underpinned by an intelligently designed bodyshell, 70 percent of which consists of high-strength and ultra-high-strength grades of steel. The front-end structure comprises four impact levels which act independently of one another and enable forces to be distributed over a wide area while bypassing the passenger cell. The occupants are protected by a total of seven airbags as standard. The driver, front passenger and the passengers on the outer rear seats also benefit from belt tensioners and belt force limiters.

The NECK-PRO head restraints in the front have a crash-responsive design, meaning that they move to cushion the heads of the driver and front passenger at an early stage in a rear-end collision to guard against the risk of whiplash. The integrated child seats, which fold out of the rear bench seat have undergone further development and are now also fitted with a wraparound head restraint.

Standard features such as the flashing brake lights, Brake Assist and Electronic Stability Program make vital contributions to accident prevention. The ESP® system now incorporates additional functions: not only does it monitor the tyre pressure it also helps to enhance safety when towing a trailer with an automatic trailer stabilisation function.

The anticipatory occupant protection system PRE-SAFE® gives the new estate the edge over other models in this segment. This optional system makes use of the time before an imminent accident to prepare the vehicle and its occupants for a collision. The result is a considerable reduction in the loads exerted on the passengers upon impact. The Intelligent Light System is another technical innovation borrowed from the higher-end models in the Mercedes range and is the only system of its kind in this market segment at the current time. The system’s five different lighting functions are each suited to various typical driving and weather conditions.

Excellent comfort on long journeys: newly developed seats and air conditioning system
Inside, the attractively styled dashboard, the high-class materials and appealing colour schemes create a homely atmosphere. For the first time, the colour concept has been extended to the load compartment too. On CLASSIC and ELEGANCE models, the customer’s selected appointments colour is used for both the carpeting and the side trim. On the AVANTGARDE line, the rear compartment is carpeted in black too. Newly developed seats, which can be specified with a multicontour function as an option, as well as a powerful air conditioning system add to the estate’s excellent comfort on long journeys.

The new estate from Mercedes-Benz is the first model in this class to offer the option of individually adjustable three-zone climate control. And the expansive panoramic sliding sunroof can be found on the list of optional extras for an estate car for the first time too.

The colour display in the centre of the dashboard is linked up to the controller on the tunnel console. This is where the driver can operate the audio and navigation systems or the telephone. A clear menu control structure makes it simple to access all of these functions and more besides. Alternatively, there are the direct selection keys in the centre console: the car radio, CD/ DVD player, navigation system or telephone can be switched on at the push of a button. Subsequent operating steps are performed using the controller in unison with the colour display in the dashboard.

State-of-the-art technology: voice-controlled infotainment devices

Mercedes-Benz developed three new infotainment units for the C-Class: Audio 20, Audio 50 APS and COMAND APS. They all feature a keypad for entering telephone numbers and radio frequencies, as well as a Bluetooth interface which allows mobile phones to be connected wirelessly to the hands-free system. The Audio 50 APS system also comprises pan-European DVD navigation using arrow symbols for route guidance. With the COMAND APS multimedia system, the navigation data is stored on a hard disc. A high-resolution map which can be viewed from different perspectives appears on the tilting colour display. The COMAND APS also comprises a DVD player, along with a music server for storing up to 1000 tracks.

The LINGUATRONIC voice control system is automatically included on C-Class Estate models equipped with the Audio 50 APS plus the six-disc DVD changer or with the COMAND APS system. For the first time, the new improved system is now able to recognise whole-word commands when entering a destination, selecting a radio station or calling up a name from the telephone directory. The driver no longer needs to spell out the names of countries, towns or roads, for example, but is able to speak them as whole words instead.

Following its public premiere at the International Motor Show in Frankfurt/Main, motorists will be able to place their orders for the new C-Class Estate with Mercedes-Benz sales and service outlets and dealerships from September 2007.

Official: Chrysler Group sold to Cerberus Capital Management for $7.4 billion

It is official. Chrysler Group, which consists of Chrysler, Dodge, and Jeep, has been sold to Cerberus Capital Management for $7.4 billion. Cerberus will acquire 80.1% of the group, while Mercedes-Benz will retain 19.9% of the company. The new structuring has renamed Daimler-Chrysler AG to Daimler AG.

Pensions and health costs for employees will stay, and Daimler AG and Cerberus announced they will be working together for developing future cars. Surprisingly, the reaction from the UAW has been well received albeit the rumors of deal cuts. UAW president Ron Gettelfinger stated, "The transaction with Cerberus is in the best interests of our UAW members, the Chrysler Group and Daimler."

[Source: CARSCOOP]

Continued: Official press release

PRESS RELEASE:

Cerberus Takes Over Majority Interest in Chrysler Group and Related Financial Services Business for EUR 5.5 Billion ($7.4 billion) from DaimlerChrysler


Stuttgart, May 14, 2007

-Affiliate of Cerberus to acquire 80.1% equity interest in new company Chrysler Holding LLC; DaimlerChrysler AG to retain 19.9%
-Obligations for pensions and healthcare costs to be retained by Chrysler companies
-Transaction expected to result in net cash outflow of EUR 0.5 billion for DaimlerChrysler
-DaimlerChrysler’s net profit according to IFRS in 2007 to be reduced in a range of EUR 3-4 billion
-Equity ratio of DaimlerChrysler’s industrial business is expected to be over 40% by the beginning of 2008
-Extraordinary Shareholders’ Meeting to decide on change of name to Daimler AG
-DaimlerChrysler CEO Dieter Zetsche on the realignment of DaimlerChrysler AG: "We will be the leading manufacturer of premium vehicles and a provider of premium services in every market segment we serve worldwide."
-UAW President Ron Gettelfinger: "The transaction with Cerberus is in the best interests of our UAW members, the Chrysler Group and Daimler."
Cerberus Capital Management Chairman John Snow: "Cerberus believes in the inherent strength of U.S. manufacturing and of the U.S. auto industry. Most importantly, we believe in Chrysler."

The Board of Management of DaimlerChrysler AG (stock-exchange abbreviation DCX) has today decided, subject to the approval of the Supervisory Board, on the future concept for the Chrysler Group and the realignment of DaimlerChrysler AG. Completion of the transaction is subject to the satisfaction of customary closing conditions, including the receipt of regulatory approvals and Cerberus financing arrangements.

Details will be explained at a press conference in Stuttgart today at 2 p.m.

Structure of the transaction

-An affiliate of private equity firm Cerberus Capital Management, L.P., New York, will make a capital contribution of EUR 5.5 billion ($7.4 billion) in return for an 80.1% equity interest in the future new company, Chrysler Holding LLC. DaimlerChrysler will hold a 19.9% equity interest in the new company. Chrysler Holding LLC will hold 100% each of the future Chrysler Corporation LLC, which produces and sells Chrysler, Dodge and Jeep® vehicles, and the future Chrysler Financial Services LLC, which provides financial services for these vehicles in the NAFTA region.
-Of the total capital contribution of EUR 5.5 billion, EUR 3.7 billion will flow into the industrial business (Chrysler Corporation LLC) and EUR 0.8 billion will flow into the financial services business in order to strengthen the equity base of both businesses. DaimlerChrysler will receive the balance of EUR 1.0 billion. In addition, DaimlerChrysler will grant a loan of EUR 0.3 billion to Chrysler Corporation LLC.
-According to the agreement, upon the closing of the transaction, DaimlerChrysler will transfer the industrial business of the Chrysler Group completely free of debt. Due to the Chrysler Group’s anticipated negative cash flow until closing in connection with its restructuring plan, the transaction will give rise to a cash outflow of EUR 1.2 billion for DaimlerChrysler. The overall net cash outflow resulting from the transaction will therefore be EUR 0.5 billion. In addition, DaimlerChrysler will have to discharge long-term liabilities of the Chrysler Group in connection with the transaction. This will result in prepayment compensation of approximately EUR 650 million, to be borne by DaimlerChrysler. The usual transaction costs will also be incurred.
-The Chrysler Group’s financial obligations for pension and healthcare benefits towards its employees and the employees of the financial services business related to the Chrysler Group will be retained by the Chrysler companies. The pension plans are significantly over-funded at present.

Effects on key figures

The transaction will have the following effects on DaimlerChrysler AG:


-In total, current estimates indicate that net profit according to IFRS in 2007 will be reduced by EUR 3-4 billion.
-Due to the deconsolidation of the Chrysler companies and the resulting reduction in the balance-sheet total, the equity ratio of DaimlerChrysler’s industrial business is expected to increase to more than 40% by the beginning of 2008.
-There will be no changes relating to the bonds issued and guaranteed by DaimlerChrysler AG. In the financial services business for the Chrysler, Jeep®and Dodge brands, Cerberus will take over the financing previously provided by DaimlerChrysler AG.
-The 19.9% equity interest held by DaimlerChrysler AG in the new company Chrysler Holding LLC will be included after closing at equity in the Van, Bus, Others segment.
-The closing of the transaction is expected to take place in the third quarter of 2007.

Dr. Dieter Zetsche, Chairman of the Board of Management of DaimlerChrysler AG and Head of the Mercedes Car Group: "We’re confident that we’ve found the solution that will create the greatest overall value – both for Daimler and Chrysler . With this transaction, we have created the right conditions for a new start for Chrysler and Daimler."

Ron Gettelfinger, President of the United Autoworkers (UAW): "The transaction with Cerberus is in the best interests of our UAW members, the Chrysler Group and Daimler. We are pleased that this decision has been made. Because our members and the management can now focus entirely on the development and manufacture of quality products for the future of the Chrysler Group."

John W. Snow, Chairman of Cerberus Capital Management, L.P.: "We welcome Chrysler into the Cerberus family of companies and believe Cerberus will be a good home for Chrysler. Cerberus believes in the inherent strength of U.S. manufacturing and of the U.S. auto industry. Most importantly, we believe in Chrysler."

Snow continued: "We would like to thank DaimlerChrysler for their good stewardship of this American icon over the last decade. We are aware that Chrysler faces significant challenges, but we are confident that they can and will be overcome. A private investment firm like Cerberus will provide management with the opportunity to focus on their long-term plans rather than the pressures of short-term earnings expectations."

Business progress

In nearly ten years as DaimlerChrysler, a lot has been done to move the businesses forward. The synergies possible between Mercedes-Benz and Chrysler have been fully utilized. Additional potential for collaboration is limited between two businesses operating in such different market segments. The strong volatility and pressure on margins in the Chrysler Group’s North American core market have an increasingly negative impact on DaimlerChrysler’s overall profitability and share-price development.

The Chrysler Group has made substantial progress in recent years. For example, production hours per vehicle have fallen from 48 hours in 2001 to just over 30 at present. Quality has improved by more than 40% over the past six years. Since 2002, more than EUR 7.4 billion ($10 billion) has been invested in new production facilities and technologies. And with 34 new models since 2001, Chrysler has one of the youngest product lines in the industry.

Zetsche: "As a result, Chrysler today is structurally more sound than its North American based competitors. And with Cerberus as a partner, Chrysler will have the best chances of utilizing its full potential."

Ongoing collaboration

Existing projects with the Mercedes Car Group will be continued, for example in the development of conventional and alternative drive systems, purchasing, and sales and financial services outside the NAFTA region. Furthermore, a Joint Automotive Council will be established in which representatives of both sides will assess and decide on the potential of new and current projects. The Council will be led by board-level members from each company.

Zetsche: "We very much look forward to our continued cooperation as business partners, as we want to continue to reap the mutual benefits of working together. That’s one of the reasons why we’re retaining a 19.9% equity position in Chrysler."

New Daimler AG

Due to the new corporate structure, the name of DaimlerChrysler AG is to be changed to Daimler AG. A decision on this is to be taken by the shareholders at an Extraordinary Shareholders’ Meeting probably in fall 2007.

The Board of Management of the new company will be reduced to six members. Tom LaSorda, Eric Ridenour and Tom Sidlik will leave the Board of Management with the Group’s sincere thanks.

There will no longer be a separate board position for procurement in the new Daimler AG. In the future, all procurement activities will be directly coordinated between the divisions. Within the Board of Management, Bodo Uebber will additionally assume overall responsibility for procurement.

The leadership teams of the Mercedes Car Group, the Truck Group and Financial Services will remain unchanged, as will the teams in the vans and buses businesses.

Zetsche: "We’ve done our homework in our corporate functions and in all of our divisions. As a result of our strategic review, we have a well-defined roadmap to lead us into a good future."

The Mercedes Car Group will generate a return on sales of at least 7% this year, with higher rates to follow in the coming years.

The Truck Group will achieve an average return on sales of 7% over the cycle as of 2008. This represents a return on net assets of approximately 30%.

DaimlerChrysler is also a world leader and profitability benchmark for buses. And in the vans business, which is performing very well, the new Sprinter will continue the success story of its predecessor.

The Financial Services division aims to earn a return on equity of more than 14%.

Growth perspectives

Zetsche: "We have a strong starting position. We have an above-average financial power. And our future prospects are promising." The Group has defined the following main areas for continued growth:

-Further expansion in the core business, which means in the traditional segments that are the most profitable and have the highest growth rates, as well as exploiting new market opportunities on a regional basis.
-Continued development of innovative, customer-oriented and tailor-made services and activities, pursuing opportunities both up and down the value chain.
-Strengthening leadership in sustainable, responsible and environmentally friendly technologies.

By focusing on these three areas, Daimler’s full potential is to be exploited and enterprise value is to be increased further through profitable and sustainable growth. Daimler intends to do this on its own, while continuing to benefit from opportunities of scale with Chrysler.

Zetsche on Daimler’s goals: "We will be the leading manufacturer of premium products and a provider of premium services in every market segment we serve worldwide. And we will pursue our commitment to excellence based on a common culture, a great heritage of innovation and pioneering achievements and – with Mercedes-Benz – the strongest automotive brand in the world.

Cerberus Capital Management, L.P., New York, is one of the largest private investment firms in the world, with approximately $23.5 billion under management in funds and accounts. Founded in 1992, Cerberus currently has significant investments in more than 50 companies that, in aggregate, generate more than $60 billion in annual revenues worldwide.


Related Posts Plugin for WordPress, Blogger...