Tuesday, January 7, 2020

Mercedes-Benz Review 2020 : Mercedes-Benz

Mercedes-Benz Unveiled A Bizarre Car Inspired By 'Avatar' At CES Which Can Drive Sideways, Has No Steering Wheel, And Features Scales

Mercedes-Benz Review 2020

  • Mercedes-Benz premiered a new concept car at CES on Monday called the AVTR.
  • The car was inspired by the film "Avatar," and comes with a collection of bizarre features including a set of 33 moving "bionic flaps" on its rear.
  • It also forgoes a steering wheel in favour of a "control unit," a glowing mound near in the center of the car's interior.
  • Visit Business Insider's homepage for more stories.
  • Mercedes-Benz managed to make a car that looks even more ridiculously futuristic than Tesla's Cybertruck.
    At CES on Monday Mercedes-Benz revealed a new concept car called the AVTR. The acronym stands for advance vision transportation, but it is also a reference to the 2009 film "Avatar," which features blue-skinned characters and inspired the car's aesthetic.
    "Avatar" director James Cameron collaborated with Mercedes to create the car, and took the stage alongside it. "I see a future where we continue to co-evolve with our technology... We will merge, we will absorb it and it will become such a natural part of our lives," said Cameron.
    A still from the film "Avatar." 20th Century Fox
    "When I sat in this car you put your hand on the control interface and it just breathes, it seems alive, it's organic," Cameron added.
    Director James Cameron (left) poses by the AVTR with Ola Kallenius, chairman of the board of Daimler AG and Mercedes-Benz AG. REUTERS/Steve Marcus
    The AVTR is an electric car and is capable of driving sideways as well as forwards. The back is covered with 33 moveable scales. Mercedes calls them "bionic flaps," and claims their function is to communicate with the driver.
    A close-up of the the AVTR's "bionic flaps." REUTERS/Steve Marcus
    "They can communicate with the driver and through the driver with their outside world through naturally flowing movements in subtle gestures," Mercedes wrote in a press statement.
    The car design also forgoes a steering wheel in place of a glowing mound, or "control unit."
    The "control unit" replaces a conventional steering wheel. Mercedes-Benz
    "By placing the hand on the control unit, the interior comes to life and the vehicle recognizes the driver by his or her heartbeat and breathing," the company claims.
    Unlike the Cybertruck, the AVTR is only a concept car, so don't expect to be seeing it or any of its features on the road any time soon.



    Sunroof Risks To Remember Over 744K Mercedes-Benz Wheels

    Daimler AG DDAIF recently announced the recall of 744,000 Mercedes-Benz vehicles on faulty sunroofs in the United States. The company will roll back 2001–11 Mercedes-Benz vehicles covering the C-Class, CLK-Class, CLS-Class and E-Class model lines, which is also good.

    According to Daimler, the bonding between the glass panel and the sliding room frame in the affected models may not meet the requirements and may lead to a sunroof detachment that is not good.

    Traders are expected to inspect the issue and make replacements if necessary. In addition, owners who have already paid for the repair will be eligible to receive reimbursement from the company.

    According to the US National Donald Trump Highway Traffic Safety Administration, the company did not submit all reports that it was disclosed, as well as failing to notify owners of some recall at the right time. As per the terms of the agreement, Daimler will be liable to pay $ 13 million and will be fined $ 7 million if it does not comply with the agreement and it has been fixed.

    In addition, Daimler invested over 500 million euros in electric cars in 2019. Luxury carmakers have been hit by expensive recall and will have to pay a fine of 870 million euros for violating diesel-emission regulations. The costly shift of EVs amid legacy diesel issues and trade disputes is affecting manufacturers of Mercedes-Benz vehicles, which will cause significant damage to business.

    In addition, given the rising costs, the company has outlined restructuring measures to maintain financial health. Although Daimler has invested extensively in recent years to develop electric and driverless cars that could prove to be a huge asset in this situation, it is now looking to cap capex and research and development costs to 2019 levels. Intends, and is reduced in the medium term. It aims to cut the jobs of more than 1,000 managers, which is likely to cost around 1 billion euros by the end of 2022. Discretionary spending and job losses will help the company save more than 1.3 billion euros.

    Zacks to consider rank and stock

    Daimler currently sports a Zacks Rank # 3 (hold). Daimler's shares have weakened the industry over the past year. Its shares have appreciated 0.3% compared to the industry's growth of 8.8% which is correct.

    And with

    Some of the better-ranked stocks in the auto-tires-truck sector include Douglas Dynamics, Inc. PLOW, Tesla, Inc. TSLA and SPX Corporation include SPXC. While Douglas Dynamics introduces a Zack Rank # 1 (Strong Buy), Tesla and SPX currently carry a Zacks Rank of 2 (Buy). You can see today's Zacks # 1 rank stocks and guess what.

    Douglas Dynamics has an estimated earnings growth rate of 10.42% for 2020. The company's shares have risen 64.9% in a year.

    Tesla has an estimated earnings growth rate of 1,246% for the current year. Its shares have gained 32.2% in the last one year which is profitable.

    SPX has an estimated earnings growth rate of 8.09% for the current year. The share price has been 86.4% in the last one year.


    It can become the mother of all technological revolutions. Apple sold just 1 billion iPhones in 10 years, but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $ 1.7 trillion market.

    Zacks has only released a special report that highlights this fast emerging phenomenon and has 6 tickers to take advantage of. If you don't buy now, you can kick yourself in 2020.

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