Mercedes-Benz

Sila Launches New Educational Programs in Moses Lake, Investing $2 Million in Local Workforce Development

Retrieved on: 
Thursday, February 22, 2024
Technology, Public Policy, Government, Automotive, Other Energy, Alternative Vehicles, Fuels, Vehicle Technology, Energy, Chemicals, Plastics, White House, Federal Government, Automotive Manufacturing, Training, State, Local, Nanotechnology, Manufacturing, Education, Batteries, EV, Electric Vehicles, Titan, Multimedia, Silicon, Growth, MESC, Curriculum, Communication, Quality control, Safety, Mercedes-Benz, Certification, Automation, Big Bend Community College, Science, Workforce, Superintendent, DOE, Environment, Operation, Software, Student, Management

Sila, a next-generation battery materials company, announced today its new plan for workforce development through a first-of-its-kind education program geared towards training the future battery workforce in Moses Lake, Washington.

Key Points: 
  • Sila, a next-generation battery materials company, announced today its new plan for workforce development through a first-of-its-kind education program geared towards training the future battery workforce in Moses Lake, Washington.
  • The program–focused on providing hands-on training for technical, mechanical, electrical, and software skills–will prepare students for new employment opportunities at its silicon anode manufacturing plant, Sila Moses Lake.
  • Sila will provide each school one million dollars to offset the cost of equipment and curriculum development.
  • At full capacity, Sila expects to have up to 500 full-time employees and produce enough material for 1 million cars a year at this location.

Upstart Delivers Reservation and Deposit System for New Kia EV9 SUV

Retrieved on: 
Wednesday, February 21, 2024
Technology, Automotive, General Automotive, Electronic Commerce, Software, Internet, Retail, Artificial Intelligence, Online Retail, Subaru of America, EV9, Artificial intelligence, Original equipment manufacturer, Acura, Mitsubishi Group, Mercedes-Benz, Volkswagen, Lexus

Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, today announced that Kia used Upstart Auto Retail Build & Price Reservations as the exclusive reservation and deposit system for the launch of the new Kia EV9 SUV in the United States.

Key Points: 
  • Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, today announced that Kia used Upstart Auto Retail Build & Price Reservations as the exclusive reservation and deposit system for the launch of the new Kia EV9 SUV in the United States.
  • In addition to reserving and placing a deposit on an EV9 directly from a dealer’s website, Upstart Build & Price Reservations allowed customers to choose the trim, colors, and optional packages they wanted included with their vehicle.
  • Kia dealers with the full Upstart Auto Retail solution can provide an end-to-end car-buying experience for the EV9, from online reservation through to vehicle pickup, including financing.
  • Upstart Auto Retail has been a certified provider in the Kia Digital Certified Solutions program since December 2020.

Mercedes-Benz Group 2023 Results*: Cash Generation at Work

Retrieved on: 
Thursday, February 22, 2024
Alternative Vehicles, Fuels, EV, Electric Vehicles, Vehicle Technology, Automotive, General Automotive, Automotive Manufacturing, Manufacturing, Recreational Vehicles, Performance & Special Interest, Off-Road Trucks & SUVs, Acquisition, Share repurchase, XEV, Supervisory board, BEV, DPS, Research and development, Investment, Management, Plant, Sale, Earnings per share, Mercedes-Benz Group, NMC, Conference, Earnings, LFP, MMA, CCR, European, PP, PP&E, Mercedes-Benz, Equity, CO2, KPI, Policy, Car, Uncertainty, EPS, Mercedes-Benz Mobility, Annual, Vans, Research, Environment, Pressure, CLA, Automotive industry

Any future free cash flow from the industrial business as available (post potential small-scale M&A) beyond the approx.

Key Points: 
  • Any future free cash flow from the industrial business as available (post potential small-scale M&A) beyond the approx.
  • 40 percent dividend payout ratio of Group Net Income, shall be used to fund share buybacks with the purpose of redeeming shares.
  • Group Free Cash Flow of the Industrial Business is seen slightly below the very strong levels from 2023, due to lower EBIT at Cars and Vans and lower CCR at Vans.
  • Link to capital market presentation on full year 2023: group.mercedes-benz.com/results-2023
    Pictures of the Annual Results Conference 2023 will be available here: group-media.mercedes-benz.com
    Further information on Mercedes-Benz Group AG is available at:

BYD Set to Challenge Tesla for the Crown in EV Sales in 2024, Says TrendForce

Retrieved on: 
Tuesday, February 20, 2024
Semiconductor, Alternative Energy, Energy, Green Technology, Manufacturing, Sustainability, Alternative Vehicles, Fuels, Technology, EV, Electric Vehicles, Environment, Other Manufacturing, Automotive, Software, Networks, Other Energy, Aion, KIA, Bev, NEVS, PHEV, BEV, Pressure, News, SUV, Growth, Table, GM, BYD, Blog, BMW, SAIC, Vacuum breaker, Mercedes-Benz, NEV, Car, Volkswagen, Jeep, GAC, Volvo, Hyundai, Automotive industry

TrendForce further notes that China remains the largest market for NEVs, commanding about 60% of the global market share.

Key Points: 
  • TrendForce further notes that China remains the largest market for NEVs, commanding about 60% of the global market share.
  • However, growth is slowing down due to a high base effect, and limited sales growth in other regions cannot compensate for the gap left by the Chinese market.
  • In 2023, Tesla continues to lead BEV rankings with a 19.9% market share, closely followed by BYD, which narrowed the sales gap with Tesla to 248,000 units.
  • TrendForce believes that BYD has the potential to challenge Tesla’s dominance in the BEV market this year.

The future of automotive retail arrives in Canada at Mercedes-Benz Kelowna

Retrieved on: 
Friday, March 8, 2024
EVS, Formula One, EV, Woman, Architecture, Big Brothers Big Sisters, Corporate social responsibility, Mercedes-Benz, Q&A, International Women's Day, Formula Three, Partnership, Car dealership

A new design concept showcasing Mercedes-Benz's vision for the future of automotive retail makes its Canadian debut at Mercedes-Benz Kelowna.

Key Points: 
  • A new design concept showcasing Mercedes-Benz's vision for the future of automotive retail makes its Canadian debut at Mercedes-Benz Kelowna.
  • KELOWNA, BC, March 8, 2024 /CNW/ - The new Mercedes-Benz concept for automotive retail makes its Canadian debut at Mercedes-Benz Kelowna.
  • The team at Mercedes-Benz Kelowna has invested in the future of automotive retail and enhanced the dealership experience for our customers in the process.
  • "Our team at Mercedes-Benz Kelowna put in a lot of hard work to bring this new retail concept to Canada.

EASTSIDE GOLF AND THE PGA TOUR COLLABORATE TO REACH NEW FANS AND PLAYERS

Retrieved on: 
Wednesday, March 6, 2024
Mercedes-Benz, HBCU, Collection, Neck, Golf, NBA, Michael Ray (singer), Rocket Mortgage, St. Jude Championship, City, European Championship, Air Jordan, Food, Perception, FedEx, Organization, MLB, PGA, Morehouse College, NFL, Unitary state, Athlete, Sports equipment

Now in its second year, Eastside Golf will host Community Golf Days in four cities across the United States, timed to key FedExCup events on the PGA TOUR schedule.

Key Points: 
  • Now in its second year, Eastside Golf will host Community Golf Days in four cities across the United States, timed to key FedExCup events on the PGA TOUR schedule.
  • The first Eastside Golf Community Golf Day event kicked off in Jacksonville on Friday, February 23, at Brentwood Golf Course.
  • Kenyatta Ramsey, Vice President, Player Development at PGA TOUR, said: "Eastside Golf is using fashion to change the cultural conversation around golf.
  • Lee Smith, Executive Director of THE PLAYERS Championship, said: "We are thrilled to have hosted Jacksonville's first Eastside Golf Community Golf Day.

Improving Voice Technology and Expanding Automotive Use Cases Drive 116 Million Vehicle Embedded Voice Assistant Shipments by 2033

Retrieved on: 
Wednesday, March 6, 2024
Research, Originality, Automotive industry, Growth, Original equipment manufacturer, Sale, FOD, Market data, Infotainment, Smart mobility, Connected car, Counties of South Sudan, Mercedes-Benz, Car, Online shopping

ABI Research, a global technology intelligence firm, forecast these expanding use cases to drive embedded VA shipments to 116 million worldwide, at a CAGR of 24.4% from 2024-33.

Key Points: 
  • ABI Research, a global technology intelligence firm, forecast these expanding use cases to drive embedded VA shipments to 116 million worldwide, at a CAGR of 24.4% from 2024-33.
  • Cellular connectivity will be embedded in 60% of new vehicles shipped in 2024, amounting to 50.62 million shipments.
  • Global connected car subscriptions are expected to break 300 million for the first time in 2024, with 65% of these being embedded consumer telematics subscriptions and 116 million being free trial subscriptions.
  • Miah explains, "This leaves 203 million paid subscriptions, split between 19 million infotainment subscriptions and 183 million consumer telematics subscriptions.

Improving Voice Technology and Expanding Automotive Use Cases Drive 116 Million Vehicle Embedded Voice Assistant Shipments by 2033

Retrieved on: 
Wednesday, March 6, 2024
Research, Originality, Automotive industry, Growth, Original equipment manufacturer, Sale, FOD, Market data, Infotainment, Smart mobility, Connected car, Counties of South Sudan, Mercedes-Benz, Car, Online shopping

ABI Research, a global technology intelligence firm, forecast these expanding use cases to drive embedded VA shipments to 116 million worldwide, at a CAGR of 24.4% from 2024-33.

Key Points: 
  • ABI Research, a global technology intelligence firm, forecast these expanding use cases to drive embedded VA shipments to 116 million worldwide, at a CAGR of 24.4% from 2024-33.
  • Cellular connectivity will be embedded in 60% of new vehicles shipped in 2024, amounting to 50.62 million shipments.
  • Global connected car subscriptions are expected to break 300 million for the first time in 2024, with 65% of these being embedded consumer telematics subscriptions and 116 million being free trial subscriptions.
  • Miah explains, "This leaves 203 million paid subscriptions, split between 19 million infotainment subscriptions and 183 million consumer telematics subscriptions.

Automotive Telematics Market worth USD 16.1 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, March 5, 2024
Cloud, ISA, Here Technologies, General Motors, Growth, ADAS, ECall, Continental AG, Habit, Human, Map, Volkswagen, CES, Robert Bosch GmbH, AT&T, Fiat Chrysler Automobiles, Google Cloud, Embedded, Class, LexisNexis Risk Solutions, Integration, Ford, LG Electronics, IRC, SUV, Remote diagnostics, Partnership, HPC, China International Import Expo, OE, Original equipment manufacturer, Safety, BMW, Mercedes-Benz, Electronics, Telecom, HERE, Insurance, IVECO, Samsung, Ford Motor Company, Government, Risk, Connectivity, GAC Motor, Intelligent speed assistance, Travel, Automotive industry

Although Asia-Pacific leads the automotive telematics market owing to a higher volume of passenger cars, the European and North American markets hold a higher penetration of telematics unit fitment.

Key Points: 
  • Although Asia-Pacific leads the automotive telematics market owing to a higher volume of passenger cars, the European and North American markets hold a higher penetration of telematics unit fitment.
  • OEMs like Volkswagen, Ford, Mercedes-Benz, Audi, and BMW offer telematics units as a standard or optional feature in these regions.
  • Insurance-based assessment services are projected to become a prominent telematics service market by the end of 2030 as they offer several benefits over standard insurance.
  • Hence, the increasing adoption of automotive telematics would prompt the market growth of insurance-based assessment services in the coming years.

Automotive Telematics Market worth USD 16.1 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, March 5, 2024
Cloud, ISA, Here Technologies, General Motors, Growth, ADAS, ECall, Continental AG, Habit, Human, Map, Volkswagen, CES, Robert Bosch GmbH, AT&T, Fiat Chrysler Automobiles, Google Cloud, Embedded, Class, LexisNexis Risk Solutions, Integration, Ford, LG Electronics, IRC, SUV, Remote diagnostics, Partnership, HPC, China International Import Expo, OE, Original equipment manufacturer, Safety, BMW, Mercedes-Benz, Electronics, Telecom, HERE, Insurance, IVECO, Samsung, Ford Motor Company, Government, Risk, Connectivity, GAC Motor, Intelligent speed assistance, Travel, Automotive industry

Although Asia-Pacific leads the automotive telematics market owing to a higher volume of passenger cars, the European and North American markets hold a higher penetration of telematics unit fitment.

Key Points: 
  • Although Asia-Pacific leads the automotive telematics market owing to a higher volume of passenger cars, the European and North American markets hold a higher penetration of telematics unit fitment.
  • OEMs like Volkswagen, Ford, Mercedes-Benz, Audi, and BMW offer telematics units as a standard or optional feature in these regions.
  • Insurance-based assessment services are projected to become a prominent telematics service market by the end of 2030 as they offer several benefits over standard insurance.
  • Hence, the increasing adoption of automotive telematics would prompt the market growth of insurance-based assessment services in the coming years.