Mercedes-Benz Group

Luminar Day: Unveiling New Tech, Exclusive Partnerships, Roadmap

Retrieved on: 
Tuesday, February 28, 2023
Hardware, Semiconductor, Automotive Manufacturing, Data Management, Manufacturing, Insurance, Technology, Professional Services, Autonomous Driving, Vehicles, Artificial Intelligence, General Automotive, Other Technology, Automotive, Software, Vehicle Technology, Engineering, Development, Safety, Pedestrian, News, Daimler Truck, Intelligence, Potential, Mercedes-Benz, Partnership, 3D, Acquisition, Volvo Cars, HD, Celestica, Mercedes-Benz Group, Automation, AI, NVIDIA, Daimler, Board of Management St. Molaga's National School v The Secretary General of the Department of Education and Science, Seagate, Multimedia, Original equipment manufacturer, IP, Data, Car, Volvo, Surveying, Rail transport, Polestar, Luminar, Scale, Pony.ai, Swiss Re

Luminar is also unveiling its product roadmap, several new exclusive commercial agreements, the acquisition of Seagate’s lidar-related assets, Luminar Semiconductor subsidiary, and a new insurance initiative in partnership with Swiss Re to reduce insurance cost for vehicles equipped with Luminar.

Key Points: 
  • Luminar is also unveiling its product roadmap, several new exclusive commercial agreements, the acquisition of Seagate’s lidar-related assets, Luminar Semiconductor subsidiary, and a new insurance initiative in partnership with Swiss Re to reduce insurance cost for vehicles equipped with Luminar.
  • As of today, Luminar is now planned into over twenty production vehicle models from automakers,” said Austin Russell, Founder and CEO.
  • Luminar is revealing a new Iris+ sensor, which adds to its current product portfolio for new and existing customers.
  • Scale.ai, the leader in data infrastructure for artificial intelligence applications, and Luminar are partnering to supercharge the Luminar AI Engine.

Electric Truck Market worth 1,067,985 Units by 2030 - Exclusive Report by MarketsandMarkets™

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Thursday, February 23, 2023
Transport, Tenneco, Tata Motors, Tesla, Inc., R1T, NMC, Cell, Ford Motor Company, GM, Ford, ACE EV Group, Volvo Trucks, Folk dance, Traction, Hercules, GVWR, Bollinger Motors, Alpha, Volvo, BYD, Scania AB, Nissan, Original equipment manufacturer, February 2022 North American winter storm, LFP, Mercedes-Benz Group, Automotive industry, Rivian, Canoo

The electric truck market is dominated by the NMC battery as it is the most efficient.

Key Points: 
  • The electric truck market is dominated by the NMC battery as it is the most efficient.
  • Top OEMs such as Ford, GM, Rivian, and Tesla have developed these electric trucks.
  • Tesla, Inc. launched a futuristic angular armored electric pickup truck and a driving range of 500 miles.
  • In May 2022, Tata Motors Limited launched Ace EV, a light-duty electric truck range of 154 km.

Electric Truck Market worth 1,067,985 Units by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, February 23, 2023
Transport, Tenneco, Tata Motors, Tesla, Inc., R1T, NMC, Cell, Ford Motor Company, GM, Ford, ACE EV Group, Volvo Trucks, Folk dance, Traction, Hercules, GVWR, Bollinger Motors, Alpha, Volvo, BYD, Scania AB, Nissan, Original equipment manufacturer, February 2022 North American winter storm, LFP, Mercedes-Benz Group, Automotive industry, Rivian, Canoo

The electric truck market is dominated by the NMC battery as it is the most efficient.

Key Points: 
  • The electric truck market is dominated by the NMC battery as it is the most efficient.
  • Top OEMs such as Ford, GM, Rivian, and Tesla have developed these electric trucks.
  • Tesla, Inc. launched a futuristic angular armored electric pickup truck and a driving range of 500 miles.
  • In May 2022, Tata Motors Limited launched Ace EV, a light-duty electric truck range of 154 km.

Luminar and Mercedes-Benz Announce Broad Deal Across Next-Generation Production Vehicle Lines

Retrieved on: 
Wednesday, February 22, 2023
Technology, Semiconductor, Vehicle Technology, Automotive, General Automotive, Other Technology, Automotive Manufacturing, Software, Manufacturing, Autonomous Driving, Vehicles, Development, Multimedia, Mercedes-Benz, Safety, Partnership, Mercedes-Benz Group, Automotive industry, Luminar, Iris

Luminar (Nasdaq: LAZR), a leading global automotive technology company, announced today a sweeping expansion of its partnership with Mercedes-Benz to safely enable enhanced automated driving capabilities across a broad range of next-generation production vehicle lines as part of the automaker’s next-generation lineup.

Key Points: 
  • Luminar (Nasdaq: LAZR), a leading global automotive technology company, announced today a sweeping expansion of its partnership with Mercedes-Benz to safely enable enhanced automated driving capabilities across a broad range of next-generation production vehicle lines as part of the automaker’s next-generation lineup.
  • Luminar’s Iris entered its first series production in October 2022 and the company’s Mercedes-Benz program has successfully completed the initial phase and the associated milestones.
  • “Mercedes’ standards for vehicle safety and performance are among the highest in the industry, and their decision to double down on Luminar reinforces that commitment,” said Austin Russell, Founder and CEO of Luminar.
  • “I am convinced that Luminar is a great partner to help realize our vision and roadmap for automated and accident-free driving.”

Media Horizons Appoints Julie Roehm to Board of Advisors

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Wednesday, February 22, 2023
CMO, Master of Business Administration, Mercedes-Benz Group, Purdue University, Biophysical environment, Environmental engineering, T-Mobile, Chief marketing officer, SAP, University, Business administration, Central Waqf Council, Chrysler, Knowledge, TPG Inc., Digital, University of Chicago Booth School of Business, Ford, Management, Party City

NORWALK, Conn., Feb. 22, 2023 /PRNewswire/ -- Media Horizons, a leading direct and digital marketing services firm, announced industry veteran, Julie Roehm has joined the company's prestigious Board of Advisors. The award-winning Chief Marketing Officer with experience building and leading global teams at Party City, SAP, and Chrysler will work with the board to drive innovation and agency growth.

Key Points: 
  • NORWALK, Conn., Feb. 22, 2023 /PRNewswire/ -- Media Horizons, a leading direct and digital marketing services firm, announced industry veteran, Julie Roehm has joined the company's prestigious Board of Advisors.
  • "Julie's deep expertise in omnichannel marketing—not to mention her depth of experience across the board as a former CMO for global brands—makes her a tremendous asset to the Media Horizons Advisory Board, and we're thrill to add another highly distinguished marketing industry veteran to our leadership ranks," said Mark Ford, advisory board member for Media Horizons.
  • As a leading omnichannel expert , and one of the most awarded and respected business leaders today, Roehm is poised to bring her wealth of knowledge and experience to Media Horizons.
  • "I have long admired the tremendous work product coming from the talented team at Media Horizons, and I'm honored to join the highly respected and experienced Board of Advisors as we continue to guide the agency," said Roehm.

Mercedes-Benz Delivers Strong Full Year Results In 2022

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Friday, February 17, 2023
Alternative Vehicles, Fuels, EV, Electric Vehicles, Automotive, General Automotive, Engineering, Automotive Manufacturing, Manufacturing, Other Automotive, Performance & Special Interest, Momentum, Semiconductor, Mercedes-Benz Mobility, Ros, Equity, Share repurchase, EBIT, Research and development, Free cash flow, Investment, Mercedes, Board of Management St. Molaga's National School v The Secretary General of the Department of Education and Science, Mercedes-Benz Group, Plant, CO2, Supervisory board, BEV, Mercedes-Benz, Research, Annual, Policy, Management, Growth, OPEX, MMA, COVID-19, European, EQS, Cryptocurrency, Automotive industry

For 2022 the total payout would amount to €5.6 billion (2021: €5.35 billion).

Key Points: 
  • For 2022 the total payout would amount to €5.6 billion (2021: €5.35 billion).
  • On the back of strong operating performance and continued strong cash generation the programme is scheduled to start in March 2023.
  • Mercedes-Benz remains committed to a strong investment grade credit rating and targets an A rating by the major agencies.
  • Further details on the share buyback programme will be announced separately prior to the start of the programme.

Mercedes-Benz Group AG Supervisory Board decides on early contract extension for Renata Jungo Brüngger

Retrieved on: 
Thursday, February 16, 2023
Automotive Manufacturing, Manufacturing, Other Automotive, General Automotive, Automotive, Mercedes-Benz Group, Mercedes-Benz, Supervisory board, Board of Management St. Molaga's National School v The Secretary General of the Department of Education and Science, Integrity, Ageing, Automotive industry, Property management

At its meeting today, the Supervisory Board of Mercedes-Benz Group AG reappointed Renata Jungo Brüngger (61) until the end of 2024.

Key Points: 
  • At its meeting today, the Supervisory Board of Mercedes-Benz Group AG reappointed Renata Jungo Brüngger (61) until the end of 2024.
  • Renata Jungo Brüngger has been a member of Mercedes-Benz Group AG’s Board of Management since January 1, 2016, responsible for Integrity and Legal Affairs and Co-Chair of the Group Sustainability Board.
  • Renata Jungo Brüngger is doing an outstanding job for Mercedes-Benz.
  • Following the new guidelines, Renata Jungo Brüngger's contract has now been extended by one year until December 31, 2024.

Lieff Cabraser and Corpus Law Patel File Federal Class Action in Georgia Against Mercedes-Benz Over Dangerous Subframe Rust and Corrosion in 2010-2022 Model Year Mercedes Vehicles

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Friday, February 10, 2023
Class Action Lawsuit, Professional Services, Legal, Ketan, Perforation, GLK, Motion, Corrosion, LLP, National highway, Safety, Fishtail, Mercedes-Benz, CLS, Letter, Risk, Complaint, Failure, BVG Class C, Mercedes-Benz Group, SL, Insurance, G

Plaintiffs allege that the vehicle subframes prematurely rust and corrode, costing consumers thousands of dollars in repairs that Mercedes has refused to cover.

Key Points: 
  • Plaintiffs allege that the vehicle subframes prematurely rust and corrode, costing consumers thousands of dollars in repairs that Mercedes has refused to cover.
  • The rust and corrosion can adversely affect driveability, lead to corrosion of other components on the underside of the vehicles, or cause the rear subframes to fail while the vehicles are in motion.
  • Corpus Law Patel partner Ketan A. Patel, who represents the owners who are suing, emphasized: “This is a serious safety concern.
  • Corrosion on the rear subframe makes the component and its attached suspension parts structurally unstable and prone to failure.

Mercedes-Benz world’s first automotive company to certify SAE Level 3 system for U.S. market

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Thursday, January 26, 2023
Automotive Manufacturing, Automotive, Technology, Manufacturing, Robotics, Other Automotive, General Automotive, Autonomous Driving, Vehicles, Vehicle Technology, Software, Mobile, Wireless, DNA, Build automation, Mercedes-Benz S-Class, Accident, UN, Level 3, Data, Legislation, Development, Safety, Mercedes-Benz Group, Algorithm, PILOT, Mercedes-Benz, Lidar, Certification, Radar, Sedan, KBA, Map, DRIVE, GPS, SAE, EQS, Automotive industry, Instrumentation, Satellite navigation device

Mercedes-Benz is the world’s first automotive company to bring SAE Level 31 conditionally automated driving to the U.S., with Nevada being the first state to confirm the compliance of the system with state regulations.

Key Points: 
  • Mercedes-Benz is the world’s first automotive company to bring SAE Level 31 conditionally automated driving to the U.S., with Nevada being the first state to confirm the compliance of the system with state regulations.
  • This significant milestone sets the ground-breaking Mercedes-Benz DRIVE PILOT system apart as the first and only SAE Level 3 system in a standard-production vehicle authorized for use on U.S. public freeways.
  • When the driver activates DRIVE PILOT, the system controls the speed and distance, and effortlessly guides the vehicle within its lane.
  • Initially introduced in Germany in May 2022, the highly sophisticated Mercedes-Benz DRIVE PILOT system was the first SAE Level 3 system in the world to meet the demanding legal requirements of UN-R157.

Dover Board Elects Michael Manley As New Independent Director

Retrieved on: 
Thursday, February 9, 2023
DOV, FCA, Mercedes-Benz Group, AutoNation, Rolls-Royce, FCA Global Medium Engine, NYSE, Audit committee, Committee on Finance, Head, Business development, Management, Ram, Jeep

DOWNERS GROVE, Ill., Feb. 9, 2023 /PRNewswire/ -- Dover (NYSE: DOV) today announced the appointment of Michael Manley, Chief Executive Officer of AutoNation, Inc., to its Board of Directors, effective immediately.

Key Points: 
  • DOWNERS GROVE, Ill., Feb. 9, 2023 /PRNewswire/ -- Dover (NYSE: DOV) today announced the appointment of Michael Manley, Chief Executive Officer of AutoNation, Inc., to its Board of Directors, effective immediately.
  • "Mike is a highly accomplished business leader and we are pleased to welcome him to the Dover Board," said Richard J. Tobin, Dover's President and Chief Executive Officer.
  • Mr. Manley, 58, has served as the Chief Executive Officer of AutoNation, Inc. and as a member of its Board of Directors since November 2021.
  • Mr. Manley also currently serves on the Board of Directors of Rolls-Royce Holdings plc.