May 30, 1989 |
Mercedes-Benz Ag stock company was formed here today to become the largest corporate unit of the Daimler-Benz group and the second-largest West German car maker in sales volume. A Daimler spokesman said the Mercedes-Benz capitalization was set at 1.8 billion marks ($900 million). Final approval of the formation is set for June 28, at Daimler-Benz's annual shareholder meeting in West Berlin. The company, which will be second to Volkswagen in sales, will be responsible for Daimler's car and truck manufacturing operations at home and abroad.
July 20, 2002 |
DaimlerChrysler said the Justice Department is conducting a criminal investigation into allegations that the company's Mercedes-Benz subsidiaries participated in a price-fixing scheme among New York-area dealers. The world's fifth-largest car maker said in a filing Friday with the Securities and Exchange Commission that the case is connected to a 1999 proposed class-action lawsuit against two Mercedes-Benz units, Mercedes-Benz USA and Mercedes-Benz Manhattan Inc.
April 29, 1992 |
Daimler-Benz, maker of the prestigious Mercedes cars, plans to trim 20,000 jobs over the next two years, a newspaper Tuesday quoted Mercedes' chief as saying. The staff cuts would be the first in Mercedes' history. Mercedes, based in Stuttgart, employs about 180,000 people in Germany. Werner Niefer, president of the Mercedes-Benz subsidiary of the Daimler-Benz conglomerate, was quoted as telling Die Welt that the reductions would be made through attrition and early retirements.
November 7, 1991 |
Mike Jackson, senior vice president of marketing and sales for Mercedes-Benz of North America, was saying that while sales are down, marketing hopes are up. The glimmer in the recession, he told a breakfast muster of Los Angeles automotive writers, came with recent reports that the rich seem to be getting richer. More disposable income, theorized Jackson, should mean more buyers for Mercedes' new S-Class luxury sedans.
July 12, 2013 |
Mercedes-Benz has leased a former Boeing airplane factory in Long Beach, but it isn't saying what it plans to do with the more than 1-million-square-foot plant adjacent to the city's airport. City officials confirmed that the U.S. arm of the German automaker has leased the factory from Sares-Regis Group, the developer that bought the property from Boeing. “This is significant for Long Beach, as it will bring needed jobs and property tax revenue,” said Gerrie Schipske, the City Council member representing the district that includes the site.
July 12, 2012
2013 Mercedes-Benz SL550 Base price: $106,405 (including destination charge) Price tested: $124,935 Powertrain: 4.6-liter, DOHC twin-turbocharged V-8 engine; seven-speed automatic transmission with paddle shifters and Sport and Manual mode Horsepower: 429 at 5,250 rpm Torque: 516 pound-feet at 1,800-3,500 rpm 0-60: 4.5 seconds Curb weight: 3,947 pounds Wheelbase: 101.8 inches ...
November 17, 2012 |
Mercedes-Benz will be one of several automakers using the upcoming Los Angeles Auto Show to look into not only the near future, but also the more distant horizon. Such is the philosophy behind the automakerÂ"s 2025 Ener-G-Force concept SUV. Named like a Monster energy drink, it was conceived as a reinterpretation of the old-school G-Class SUV that Mercedes has been selling since 1979. Design elements like turning signals and running lights mounted on top of the fenders and a distinct three-piece greenhouse pay homage to the current SUV that Mercedes deems iconic.
December 16, 2013 |
The C-class sports sedan from Mercedes-Benz is often called the “baby Benz” because it was the smallest and least expensive model the German automaker sold in the U.S. Baby has grown up. Mercedes revealed details Monday about the next generation C class, which will go on sale as a 2015 model next fall. The car is roomier than the current model and will offer more safety features and amenities, including a touch pad on the center console that will work the controls. PHOTOS: The 2015 Mercedes-Benz C-class “The car matures,” said Steve Cannon, chief executive of Mercedes-Benz USA. “The level of refinement takes a dramatic step up.” The role of the C had to change because it is no longer expected to bring entry-level buyers into the Mercedes brand, Cannon said, a task that's now on the shoulders of the smaller and less expensive CLA. Mercedes hasn't discussed its pricing strategy but hinted that the vehicle will sell close to its current cost, which starts at around $36,000 and quickly climbs north with options.
April 28, 2012 |
The car: 2012 Mercedes-Benz ML63 AMG The power: 518 horsepower and 516 pound-feet of torque coming from a 5.5-liter, twin-turbocharged V-8 routing power to all four wheels via a seven-speed automatic transmission with paddle shifters. The photos: 2012 Mercedes-Benz ML63 AMG The speed: 0-60 in 4.7 seconds and a 155 mph top speed The bragging rights: Not the fastest SUV available (Porsche's Cayenne Turbo wins that distinction)
September 14, 1993
Werner Niefer, 65, the former chairman of Mercedes-Benz. Niefer began with the luxury car maker as an apprentice toolmaker in 1943, attended night courses to obtain a technical school diploma and later graduated from engineering college in the city of Esslingen, near Stuttgart. Known as Mr. Mercedes, he oversaw development of new technology and the company's expansion to produce high-performance motors for commercial and military use.