News Article | April 26, 2017
The Daimler Group achieved first-quarter EBIT of €4,008 million in 2017, thus substantially surpassing the prior-year figure of €2,148 million. Net profit doubled to €2,801 million (Q1 2016: €1,400 million). Net profit attributable to the shareholders of Daimler AG increased to €2,706 million (Q1 2016: €1,353 million), so earnings per share increased to €2.53 (Q1 2016: €1.26). "A very successful quarter lies behind us," stated Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars. "Ahead of us, we have a variety of opportunities for further profitable growth. We do have the right products to take advantage of these opportunities – and the financial strength to make the necessary investments. The latest example: our new S-class. Daimler remains on the fast lane." Mercedes-Benz Cars achieved particularly strong earnings growth. Its EBIT growth is mainly the result of increased unit sales of the new E-Class and the SUV models. The Daimler Trucks division significantly improved its earnings, primarily due to the sale of real estate in Japan. Mercedes-Benz Vans and Daimler Buses also achieved significantly higher EBIT than in the prior-year period. At Daimler Financial Services, earnings grew significantly mainly as a result of increased contract volume. Exchange-rate effects had a positive impact on operating profit at all the divisions. "We made a very good start to the year and once again surpassed our margin targets in the automotive business," said Bodo Uebber, Member of the Board of Management of Daimler AG responsible for Finance & Controlling and Daimler Financial Services. "We are very confident for the remainder of the year to achieve our financial as well as our strategic goals. At the same time, we are constantly aware of the political and economic challenges and will continue to act flexibly and cautiously." In the first quarter of 2017, the free cash flow of the industrial business amounted to a cash inflow of €1.9 billion (Q1 2016: €0.3 billion). This increase resulted primarily from the positive business performance and the development of working capital. The figure reflects a cash inflow of €0.3 billion from the sale of real estate at the Kawasaki site in Japan as well as higher supplier liabilities for seasonal reasons. Compared with December 31, 2016, the net liquidity of the industrial business increased by €1.3 billion to €21.1 billion. The increase was mainly due to the positive free cash flow. Opposing effects resulted in particular from the capital increase at Daimler Financial Services AG. The Daimler Group once again utilized attractive conditions in the international money and capital markets for refinancing in the first quarter of 2017. In the first three months of this year, Daimler had a cash inflow of €6.7 billion from the issuance of bonds (Q1 2016: €7.3 billion). The redemption of bonds resulted in cash outflows of €4.8 billion (Q1 2016: €2.6 billion). A large proportion of the issuance volume was carried out in the form of so-called benchmark bonds (bonds with high nominal values). At the beginning of January, Daimler Finance North America LLC issued bonds with three-, five- and ten-year maturities in the US capital market with a total volume of US$3.0 billion. In February, Daimler AG issued an eight-year bond of €1.25 billion in the European capital market. In addition, multiple smaller issuances were undertaken in various countries. Among other things, Daimler AG issued a one-year bond with a volume of RMB3.0 billion in the Chinese capital market in March. At the end of the first quarter of 2017, the Daimler Group had 285,810 employees worldwide (end of 2016: 282,488, end of March 2016: 285,992). Of that total, 171,084 were employed in Germany (end of 2016: 170,034) and 22,728 in the United States (end of 2016: 21,857). The consolidated companies in China had 3,782 employees at the end of March (end of 2016: 3,696). Mercedes-Benz Cars' unit sales increased by 14% to 568,100 vehicles in the first quarter. The car division thus set a new record in the reporting period, with best-ever unit sales for the first three months of a year in total and in Europe (+ 8%), China (+43%), Canada (+17%) and Mexico (+18%). The success in Europe was supported by double-digit growth and sales records among others in the United Kingdom (+13%), Belgium (+13%) and Sweden (+13%). In the German market, the division achieved growth of 6%. Mercedes-Benz Cars increased its unit sales also in the United States (+2%). The car division's first-quarter revenue increased by 14% to €22.7 billion and its EBIT of €2,234 million was substantially higher than the €1,395 posted in the prior-year period. Return on sales was 9.8% (Q1 2016: 7.0%). The very positive sales development of the new E-Class and the SUV models boosted earnings growth in the first quarter of 2017. Positive exchange-rate effects and the non-cash income effect of €183 million in connection with new investors in HERE also had a favorable impact on EBIT. There were opposing effects from advance expenditure for new technologies and future products. In the first quarter of this year, sales by Daimler Trucks of 94,000 vehicles were 11% lower than in the prior-year period. Unit sales increased compared with the prior-year period in the EU30 region (European Union, Switzerland and Norway; Q1 2017: 17,400 units; +12%) and in Germany (Q1 2017: 6,500 units; +17%). In Turkey, unit sales decreased to 1,300 vehicles in a very difficult market environment (Q1 2016: 1,800). In the NAFTA region, the market adjustment in the segment of heavy-duty trucks had an impact on the division's sales, which dropped significantly to 32,900 units (Q1 2016: 40,400). In Latin America, Daimler Trucks increased its sales to 6,300 units (Q1 2016: 6,000). While sales in Brazil decreased to 2,400 units (-15%) due to the country's difficult economic situation, there was strong growth in unit sales in Argentina (+114%). In Asia, sales were lower than in the prior-year quarter. Unit sales decreased in the Middle East by 30%, in Indonesia by 2%, in Japan by 6% and in India by 7%. However, the joint venture BFDA in China achieved significant growth with sales of 26,400 Auman trucks (+54%). The division's revenue amounted to €7.9 billion (Q1 2016: €8.2 billion). Its first-quarter EBIT of €668 million was higher than the prior-year figure of €516 million. Return on sales was 8.4% (Q1 2016: 6.3%). The division's earnings increased primarily due to a gain of €267 million on the sale of real estate by Mitsubishi Fuso Truck and Bus Corporation (MFTBC) at the Kawasaki site in Japan. Further efficiency enhancements and currency translation also had positive effects on EBIT. Lower unit sales in the NAFTA region had a negative impact on earnings. Mercedes-Benz Vans increased its unit sales by 13% to 86,800 vehicles - a new record in a first quarter. In its core EU30 region, the van division achieved growth of 12%. Growth was particularly strong in the United Kingdom (+21%), Spain (+26%), Belgium (+30%) and Italy (+34%). In the important German market, Mercedes-Benz Vans achieved a new record of 21,000 units sold (+9%). In the NAFTA region, however, unit sales decreased by 17%. Strong growth was achieved in Latin America (+56%), with a contribution from the significant market recovery in Argentina. The division's position continued to improve also in China, where unit sales nearly tripled compared with the prior-year period. Revenue increased by 6% compared with the prior-year quarter to €3.0 billion. The division's EBIT of €357 million significantly surpassed the prior-year level of €301 million. Return on sales was 11.9%, compared with 10.7% in the first quarter of last year. EBIT reflects the very positive development of unit sales, especially in Europe, China and South America. Furthermore, the development of exchange rates had a positive impact on earnings. However, earnings were negatively affected by higher expenses from advance expenditure for new technologies and future products. Daimler Buses' unit sales increased by 12% to 5,400 units in the first three months of 2017. In the EU30 region, 1,400 complete buses and bus chassis of the Mercedes-Benz and Setra brands were sold (-11%). The division maintained its market leadership in Germany, the domestic market, with a 6% increase in unit sales. Due to the currently difficult situation in Turkey, sales there of 90 units were well below the level of the prior-year period (Q1 2016: 160). However, in Latin America (excluding Mexico), Daimler Buses increased its unit sales by 11% to 2,400 chassis, although the market situation in Brazil remained difficult. In Mexico, 36% more units were sold than in the prior-year quarter. There was positive sales impetus from Asia, where a total of 500 units were sold (Q1 2016: 200), with tripling in India (Q1 2017: 190; Q1 2016: 60 units) and doubling to 250 units in Indonesia. Revenue of €0.9 billion was significantly higher due to the growth in unit sales (Q1 2016: €0.8 billion). Daimler Buses' first-quarter EBIT of €65 million was also substantially higher than the prior-year figure of €39 million. Return on sales was 7.2% (Q1 2016: 4.7%). As well as a better structure mix in Europe, earnings were boosted by positive exchange-rate effects. This more than offset the reduction in earnings due to lower unit sales in Turkey. Daimler Financial Services achieved growth in new business also in the first quarter of 2017. Worldwide, approximately 447,000 new leasing and financing contracts were concluded with a total volume of €16.8 billion, which is 23% more than in the prior-year period. Contract volume reached €135.0 billion at the end of March and was thus slightly above the level of year-end 2016. Adjusted for exchange-rate effects, contract volume grew by 2%. Approximately 468,000 contracts were brokered in the insurance business, which is 21% more than in the first quarter of 2016. In the field of mobility services, car2go further strengthened its market leadership for car sharing and had a total of 2.3 million customers worldwide by the end of the first quarter. The division's EBIT of €524 million was significantly higher than the €432 million posted in the prior-year period. This positive development was mainly the result of increased contract volume with an unchanged low cost of risk. The reconciliation of the divisions' EBIT to Group EBIT comprises gains at the corporate level and the effects on earnings of eliminating intra-group transactions between the divisions. Items at the corporate level resulted in income of €169 million in the first quarter of 2017 (Q1 2016: expense of €519 million). This primarily reflects the reversal of an impairment of Daimler's equity investment in BAIC Motor by an amount of €240 million in the first quarter of this year. In the prior-year quarter, EBIT was reduced by the impairment by €244 million of the equity investment in BAIC Motor and losses of €222 million from currency transactions which are not allocated to business operations. The elimination of intra-group transactions resulted in an expense of €9 million in the first quarter of 2017 (Q1 2016: expense of €16 million). The disclosed items affecting EBIT in the first quarters of 2017 and 2016 are listed in the table at the end of this press release. In the first quarter of 2017, €1.3 billion was invested worldwide, in particular at the production and assembly sites for new products and technologies and for the expansion and modernization of the production facilities. The sites in Germany accounted for €0.9 billion of capital expenditure (December 31, 2016: €0.9 billion). Research and development spending increased to €2.1 billion (Q1 2016: €1.7 billion). The outlook for the world economy continues to be favorable at the beginning of the second quarter of 2017, so global growth could accelerate slightly this year. Recent forecasts for full-year 2017 are at the upper end of a range of 2.5 to 3%. According to recent assessments, worldwide demand for cars is likely to increase from its already high level by 1 to 2% in 2017. Only slight growth is expected for the Chinese market after tax incentives for cars with small engines were reduced this year. The US market for cars and light trucks should about maintain last year's unusually high level of more than 17 million units sold. Slight growth is anticipated for the European car market. Demand in Western Europe is likely to increase only slightly following the strong recovery in 2016. In Russia, a moderate recovery from a low level can be assumed, which should ensure slight growth in Eastern Europe overall. Demand from the Japanese market is anticipated in the magnitude of the previous year and significant growth is expected in India. With respect to demand for trucks in the NAFTA region, Daimler expects a continuation of the cyclical market slow-down. An overall decrease in the magnitude of 5% is to be expected in classes 6-8, and an even more substantial weakening of demand is anticipated in the segment of heavy-duty trucks (class 8). Nonetheless, it is assumed that the market will gradually stabilize as the year progresses. Demand in the EU30 region is expected to remain close to the solid prior-year level. In the Brazilian market, it is to be assumed that truck sales will once again decrease slightly from the extremely weak prior-year level. Following the dramatic slump in demand in Turkey last year, another significant decrease is to be expected. The Russian market should recover significantly. In China, a normalization of demand is anticipated after the very lively start to the year, which should lead to a slight increase in market volume in the full year. The most important Asian markets from Daimler's perspective are likely to develop disparately in 2017. In Japan, demand for light-, medium- and heavy-duty trucks is likely to remain stable at a solid level. The overall Indonesian truck market should be slightly above its level of 2016, following several years of significant contraction. In India, slight growth in the market for medium- and heavy-duty trucks is anticipated. For the year 2017, stable demand for small vans and a slight increase in demand for mid-size and large vans is expected in the EU30 region. In the United States, demand for large vans should remain fairly stable. The market for mid-size and large vans in Latin America should revive again significantly in 2017, but from a very low level. In China, more lively demand is anticipated in the market the division addresses there. The bus market in the EU30 region is expected to grow slightly compared with 2016. Market developments in Latin America continue to be negatively affected by the current economic situation in Argentina and Brazil. Following the significant declines of recent years, it is assumed that the market bottomed out in the year 2016. So a significant recovery is anticipated in 2017, especially in Brazil, although the market volume will remain very low. On the basis of the assumptions presented above on the development of the markets important for the Group and of the division's current assessments, Daimler now expects to significantly increase its total unit sales in the year 2017. In 2017, Mercedes-Benz Cars is continuing along its successful path of record year 2016 and aims to defend its leadership of the premium segment. After once again achieving the highest revenue in the Group's history in a first quarter, the division aims to significantly increase its unit sales from a high level and to set another record in 2017. This will be driven at the Mercedes-Benz brand primarily by the GLC and the GLC Coupe, as well as by the new GLA and the new E-Class Coupe, which, along with the new E-Class Cabriolet presented in March and the E-Class All-Terrain, represent the complete renewal of the E-Class family. And as of the second quarter, demand will be additionally boosted by the roadster version of the Mercedes-AMG GT, which has been launched in time for the 50th anniversary of the performance brand of Mercedes-Benz Cars. smart will also make a significant contribution to the sales success of Mercedes-Benz Cars with the electric versions available as of this summer. Daimler Trucks assumes that its total unit sales in 2017 will be in the magnitude of the previous year. That applies also to unit sales in the NAFTA region, where the strong market position is expected to continue. This will be aided by the new Freightliner Cascadia, the flagship in the North American market, which has been in production since the beginning of this year. In the EU30 region as well as in Japan, unit sales are anticipated in the magnitude of last year. Unit sales in Brazil are expected to be close to the very low level of 2016. Unit sales in India should increase, however. Mercedes-Benz Vans now plans to achieve significant growth in unit sales in 2017. The division now anticipates significant increases in sales of vans also in the EU30 region. In the context of the strategy for the division, »Mercedes-Benz Vans goes global«, the V-Class multipurpose vehicle and the Vito van were launched in 2016 also in China, the world's biggest market for motor vehicles. This will additionally boost demand there in 2017. The division aims to achieve additional growth also with the Sprinter, which will be produced also in North America in the future. And towards the end of this year, Mercedes Vans will enter the midsize-pickup segment with the X-Class to further increase its worldwide unit sales in the long term. Daimler Buses assumes that it will be able to defend its market leadership in its traditional core markets for buses above 8 tons with innovative, future-oriented and high-quality products. For the year 2017, the bus division anticipates significantly higher unit sales than in the previous year, with a moderate increase in the EU30 region. After the substantial decrease in unit sales in Brazil last year, a significant recovery is expected in 2017, but still at a very low level. In Mexico, a significant decrease in unit sales is now anticipated. Daimler Financial Services anticipates significant growth in new business and further growth in contract volume in the year 2017. This will be driven by the sales development of the automotive divisions, especially Mercedes-Benz Cars. In addition, the division is utilizing new market potentials especially in Asia, and is applying new and digital possibilities for customer contacts – in particular by systematically further developing its online sales channels. Daimler Financial Services continues to see good growth opportunities also in the field of innovative mobility services. Daimler assumes that Group revenue will increase significantly in the year 2017. On the basis of their significant growth in unit sales, the Mercedes-Benz Cars, Daimler Buses, and Daimler Financial Services divisions expect significantly higher revenues than in 2016. Daimler anticipates slight revenue growth for the Mercedes-Benz Vans division and revenue in the magnitude of 2016 for the Daimler Trucks division. In regional terms, Daimler expects the strongest growth in Asia and Europe. On the basis of expected market developments and the current assessments of the divisions, Daimler now assumes that Group EBIT will increase significantly in 2017. The individual divisions have the following expectations for EBIT in the year 2017: – Mercedes-Benz Cars: significantly above the prior-year level, – Daimler Trucks: slightly below the prior-year level, – Mercedes-Benz Vans: slightly below the prior-year level, – Daimler Buses: slightly above the prior-year level, and – Daimler Financial Services: slightly above the prior-year level. The anticipated development of earnings in the automotive divisions will have a positive impact on the free cash flow of the industrial business also in the year 2017. Despite a further increase in advance expenditure for new products and technologies, the free cash flow from the industrial business should be slightly above the level of 2016, and thus higher than the dividend distribution in 2017. Against the backdrop of further efficiency improvements in the context of the medium- and long-term programs for the structural improvement of business processes, Daimler assumes that its ambitious growth targets can be achieved with only a slight increase in the size of the workforce. In early April, Bosch and Daimler agreed on a development cooperation in order to introduce fully automated and driverless vehicles in urban environments by the beginning of the next decade. The objective is to jointly develop software and algorithms for an autonomous driving system. With fully automated driverless vehicles in urban environments, Bosch and Daimler want to improve traffic flows in cities, increase safety on the roads and make an important contribution for the traffic of the future. Mercedes-Benz Cars is taking the next step in the implementation of its electric offensive. The first series-produced model of the new EQ product brand is to drive off the assembly line at the Mercedes-Benz plant in Bremen by the end of this decade. The Mercedes-Benz plant in Sindelfingen will also produce electric vehicles of the EQ brand, and will thus be developed into a competence center for battery-electric models of the large and luxury class. Future EQ models are to be integrated into series production at the existing Mercedes-Benz plants on four continents. The new electric vehicles will be based on an architecture specially developed for battery-electric models, which is scalable in every respect and can be applied across the product range. The decision on where within the production network to produce further EQ models will be made depending on demand. In this context, Mercedes-Benz is taking another step in the modernization of the plant in Untertürkheim (Stuttgart) as the lead plant for the powertrain production network. The company's management and labor council have reached an agreement setting the conditions for ongoing growth with conventional drive systems while preparing for entry into electric mobility. The measures agreed upon will make a long-term contribution towards safeguarding jobs at the site in Untertürkheim. In February, Mercedes-Benz Trucks announced that it will launch a small series of the world's first fully electric, heavy-duty distribution truck before the end of this year. Following the positive customer response to the presentation last fall of the Urban eTruck with 25 tons gross vehicle weight and a range of up to 200 kilometers, the first vehicles will be delivered this year to customers in the fields of waste disposal, food and logistics. This is an important step on the way to full-scale series production, which Mercedes-Benz Trucks plans for the year 2020. And a small series of the light-duty Fuso eCanter electric truck will also be launched globally in 2017. Approximately 150 vehicles will be delivered to selected customers in Europe, Japan and the United States. In this way, Daimler Trucks is covering a broad application portfolio of electric trucks worldwide. Daimler AG announced in February 2017 that it plans to expand its global production network and will produce Mercedes-Benz cars for the first time in Russia. At a new plant in the Esipovo Industrial Park, about 40 kilometers northwest of Moscow, SUVs and the E-Class sedan are to be produced flexibly for regional requirements. The company will invest more than €250 million in the new production facility. The first vehicles are to drive off the assembly lines in 2019. This new car plant in the Moscow region will include all production stages from body shop to paint shop and assembly. It will create more than 1,000 new jobs, while suppliers and service providers in the region will also require additional employees. Approximately 20 kilometers from the planned plant, Daimler put a new after-sales wholesale facility into operation for the Russian market last year. Mercedes-Benz is continuing its successful cooperation with Valmet Automotive. The Finnish contract manufacturer will produce vehicles also of the next generation of compact cars at its plant in Uusikaupunki. The current A-Class has been produced there since 2013, and this contract has been extended until the end of 2017 due to strong demand. The A-Class is flexibly produced on one assembly line in Uusikaupunki together with the GLC. Production of the mid-size SUV was started at Valmet Automotive in February 2017. Mercedes-Benz Vans is investing US$150 million in the next years to produce the next generation of the Sprinter large van in Argentina. Preparations are being made for the start of production at that plant and at other Sprinter plants around the world. Worldwide production of the model will gradually be started at the various plants by the end of this decade. In connection with producing the next-generation Sprinter, Mercedes-Benz Vans will create more than 500 additional jobs at its plant in Argentina, where it currently employs approximately 2,300 people. Early this year, Daimler Financial Services acquired PayCash Europe SA, an electronic payments provider, thus entering the e-payment business. This will enable Daimler to offer its own electronic payments service under the brand name Mercedes pay. Mercedes pay will provide customers with a technically simple and secure method of payment for digital services. In order to prepare the traditional financing and leasing business for digital sales structures, Daimler Financial Services continued to invest in the customer-focused app for comparing car financing, AutoGravity, which is now offered in 46 states of the USA. Customers can select vehicles from various manufacturers online together with binding financing offers. The following table summarizes the disclosed items that affected EBIT in the first quarters of 2017 and 2016: Forward-looking statements: This document contains forward-looking statements that reflect our current views about future events. The words "anticipate," "assume," "believe," "estimate," "expect," "intend," "may," "can," "could," "plan," "project," "should" and similar expressions are used to identify forward-looking statements. These statements are subject to many risks and uncertainties, including an adverse development of global economic conditions, in particular a decline of demand in our most important markets; a deterioration of our refinancing possibilities on the credit and financial markets; events of force majeure including natural disasters, acts of terrorism, political unrest, armed conflicts, industrial accidents and their effects on our sales, purchasing, production or financial services activities; changes in currency exchange rates; a shift in consumer preferences towards smaller, lower-margin vehicles; a possible lack of acceptance of our products or services which limits our ability to achieve prices and adequately utilize our production capacities; price increases for fuel or raw materials; disruption of production due to shortages of materials, labor strikes or supplier insolvencies; a decline in resale prices of used vehicles; the effective implementation of cost-reduction and efficiency-optimization measures; the business outlook for companies in which we hold a significant equity interest; the successful implementation of strategic cooperations and joint ventures; changes in laws, regulations and government policies, particularly those relating to vehicle emissions, fuel economy and safety; the resolution of pending government investigations or of investigations requested by governments and the conclusion of pending or threatened future legal proceedings; and other risks and uncertainties, some of which we describe under the heading "Risk and Opportunity Report" in the current Annual Report. If any of these risks and uncertainties materializes or if the assumptions underlying any of our forward-looking statements prove to be incorrect, the actual results may be materially different from those we express or imply by such statements. We do not intend or assume any obligation to update these forward-looking statements since they are based solely on the circumstances at the date of publication. Daimler at a Glance Daimler AG is one of the world's most successful automotive companies. With its divisions Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services, the Daimler Group is one of the biggest producers of premium cars and the world's biggest manufacturer of commercial vehicles with a global reach. Daimler Financial Services provides financing, leasing, fleet management, insurance, financial investments, credit cards, and innovative mobility services. The company's founders, Gottlieb Daimler and Carl Benz, made history with the invention of the automobile in the year 1886. As a pioneer of automotive engineering, Daimler continues to shape the future of mobility today: The Group's focus is on innovative and green technologies as well as on safe and superior automobiles that appeal and fascinate. Daimler consequently invests in the development of alternative drive trains with the long-term goal of emission-free driving: from hybrid vehicles to electric vehicles powered by battery or fuel cell. Furthermore, the company follows a consistent path towards accident-free driving and intelligent connectivity all the way to autonomous driving. This is just one example of how Daimler willingly accepts the challenge of meeting its responsibility towards society and the environment. Daimler sells its vehicles and services in nearly all the countries of the world and has production facilities in Europe, North and South America, Asia, and Africa. Its current brand portfolio includes, in addition to the world's most valuable premium automotive brand, Mercedes-Benz, as well as Mercedes-AMG, Mercedes-Maybach and Mercedes me, the brands smart, EQ, Freightliner, Western Star, BharatBenz, FUSO, Setra and Thomas Built Buses, and Daimler Financial Services' brands: Mercedes-Benz Bank, Mercedes-Benz Financial Services, Daimler Truck Financial, moovel, car2go and mytaxi. The company is listed on the stock exchanges of Frankfurt and Stuttgart (stock exchange symbol DAI). In 2016, the Group sold around 3 million vehicles and employed a workforce of 282,488 people; revenue totalled €153.3 billion and EBIT amounted to €12.9 billion. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/daimler-makes-a-very-good-start-to-the-year-2017-best-ever-unit-sales-revenue-and-ebit-in-a-first-quarter-300445912.html
News Article | May 29, 2017
On Thursday, May 25th, Hampton Luxury Liner Inc., an affiliate of M&V Limousines, Ltd. in Commack is releasing a new fleet of buses that will be bringing travelers regular daily service to and from New York City and the Hamptons. The fleet consists of 10- luxury Mercedes Setra Top Class Coach buses, which have the capacity to hold up to 50 passengers in each bus and offers multi amenities including leather seats, individual power outlets and USB Ports, WIFI, Movie selection for your personal devices, magazines, individual reading light and decorative lighting, music, snacks, restroom and a rear gallery. The round trip route, which makes stops along the route, will continue through September. Hampton Luxury liner has also added a Montauk line and this July will be adding an express bus to Montauk on Fridays and Sundays. To accommodate the company's expansion 15 new drivers have been added for a total of 95 company employees. Hampton Luxury Liner is also working with Town of Southampton on a Trolley service from the train station to local restaurants and beaches. Check out our new website coming soon to www,HamptonLuxuryLiner.com or call 631-537-5800.
News Article | March 2, 2017
Daimler leads funding round, underscores collective commitment to establishing the continent's most comprehensive electric vehicle charging network ever developed CAMPBELL, California and STUTTGART, Germany, March 2, 2017 /PRNewswire/ -- ChargePoint, the world's largest electric vehicle (EV) charging network, today announced it has secured an initial $82 million in funding, part of a larger multi-million dollar fundraise, led by Daimler. The first close of the company's latest fundraising round is the largest in the Silicon Valley company's history. The investment will support the expansion of the company's charging network into Europe, enabling the region to complete the shift to e-mobility. Existing investors BMW i Ventures, Linse Capital, Rho Capital Partners, and Braemar Energy Ventures also participated in this latest fundraising round. To date, ChargePoint has raised more than $255 million, a testament to ChargePoint's proven business model that underscores a collective commitment to electric mobility worldwide. As more types of vehicles become electrified, such as trucks and buses, this new funding will help ensure ChargePoint is ready. "The automobile industry is at an inflection point, with more vehicles coming onto the market offering highly advanced electric powertrains than any other time in the world's history," said Pasquale Romano, CEO of ChargePoint. "The significant investment by our lead investor Daimler and others not only underscores a collective commitment to e-mobility around the world, but lays the groundwork for Europe's most comprehensive charging network." ChargePoint already makes it easy for drivers in North America to charge an EV everywhere they go, with more than 33,000 charging ports where they can refuel. Thousands of drivers have selected ChargePoint to meet EV charging needs with more than 6,500 companies selecting the brand for their employees, customers, fleets and tenants. Now, ChargePoint is committed to bringing EV drivers in Europe the same level of convenience that makes the charging experience effortless. ChargePoint also announced the appointment of Daimler AG executive Axel Harries to the company's Board of Directors. Harries has a deep history with Daimler, serving in a number of management roles including Vice President of Quality and Director of Mercedes-Benz G GmbH, as well as on teams including Commercial Vehicles and e-Business. In his current role, Harries is responsible for shaping the newly established CASE-unit within Daimler (Connected, Autonomous, Sharing & Services, and Electric Drive), charged with developing technologies and innovations for next generation Mercedes-Benz vehicles, particularly the new electric product brand, EQ. "While pursuing the systematic expansion of our CASE ecosystem based on our new product brand EQ, we also remain open and ready for partnerships and cooperation at the highest level. ChargePoint is a company of experts in the field of electric mobility charging solutions with a great deal of know-how in both hardware and software. Together we will be able to significantly expand our product portfolio in the area of intelligent charging solutions and provide the customer with an all-embracing premium offer for electric mobility," he said. ChargePoint is the only company that offers a charging solution for every part of an EV driver's life—at home, at work, around town and on the road. This comprehensive product portfolio positions ChargePoint to offer the right innovation for each market in Europe and meet a variety of driver needs. Painstakingly engineered by EV charging experts, ChargePoint hardware and software solutions make it easy for drivers to charge and simple for station owners to manage with custom access controls, pricing and reporting tools, among other smart features. In addition to advancing e-mobility in the region with innovative technology, ChargePoint will build on its long history in North America of promoting EV-friendly policies through partnerships with policymakers, utilities and automakers in Europe. More than 20 European countries already provide attractive incentives for purchasing EVs, which has helped make Europe the world's second-largest EV market. As more EVs hit more European roads, the need for a comprehensive charging network is more important than ever. Currently, there are dozens of providers of EV charging hardware, software and driver networks in a fragmented market. They all work differently and often require drivers to sign up for separate accounts, which creates a confusing and cumbersome charging experience for EV drivers. ChargePoint is committed to being the first company to introduce a complete charging solution that serves EV drivers in Europe everywhere they go. By collaborating with innovative companies like Daimler, one of the largest producers of premium vehicles and a world leader and pioneer in automotive electrification, ChargePoint will be able to lay the foundation for Europe's most comprehensive and intelligent charging network. ChargePoint is the largest and most open electric vehicle (EV) charging network in the world, with more than 33,000 independently owned charging spots and more than 7,000 sites that are easy for EV drivers to find and use at home, at work, around town and on the road. Leading EV hardware makers and other partners rely on the ChargePoint network to make charging station details available in mobile apps, online and in navigation systems for popular EVs. ChargePoint drivers have completed more than 21 million charging sessions, saving upwards of 21 million gallons of gasoline and driving more than 525 million gas-free miles. For more information, visit www.chargepoint.com or contact the Media Relations team at firstname.lastname@example.org. Daimler AG is one of the world's most successful automotive companies. With its Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Financial Services divisions, the Group is one of the leading global suppliers of premium cars and is the world's largest manufacturer of commercial vehicles. Daimler Financial Services offers financing, leasing, fleet management, insurance, investments and credit cards as well as innovative mobility services. The company founders, Gottlieb Daimler and Carl Benz, made history by inventing the automobile in 1886. As a pioneer of automotive engineering, Daimler continues to shape the future of mobility today by focusing on innovative and green technologies as well as on safe and superior vehicles that captivate and inspire. Daimler consistently invests in the development of alternative drive trains – from hybrid cars to full electric vehicles with battery and fuel cell – with the goal of making zero-emission driving possible in the long term. Moreover, the company is actively promoting accident-free driving and intelligent networking all the way through to self-driving cars. This is just one example of how Daimler willingly accepts the challenge of meeting its responsibility towards society and the environment. Daimler sells its vehicles and services in nearly all countries of the world and has production facilities in Europe, North and South America, Asia and Africa. In addition to Mercedes-Benz, which is the world's most valuable premium automotive brand, Mercedes-AMG, Mercedes-Maybach and Mercedes me, Daimler's current brand portfolio also includes smart, Freightliner, Western Star, BharatBenz, FUSO, Setra and Thomas Built Buses, as well as the Daimler Financial Services brands Mercedes-Benz Bank, Mercedes-Benz Financial, Daimler Truck Financial, moovel, car2go and mytaxi. The company is listed on the Frankfurt and Stuttgart stock exchanges (ticker symbol DAI). In 2015, the Group employed a total workforce of 284,015 and sold some 2.9 million vehicles. Revenue totalled €149.5 billion and EBIT amounted to €13.2 billion. CASE – these letters will shape the future of Mercedes-Benz Cars. They stand for the strategic pillars of connectivity (Connected), autonomous driving (Autonomous), flexible use (Shared & Services) and electric drive systems (Electric), which will be intelligently combined with one another by the company. Mercedes-Benz Cars already plays a leading role in all four areas. For example, all activities in the area of connectivity are focused on the digital brand Mercedes me, which gives customers access to an extensive and personalised range of services by app, website or straight from their car. On the way to autonomous driving, Mercedes-Benz has for years been a key driver of development and has repeatedly set the benchmark. To this end, the Mercedes engineers use what is known as sensor fusion. The data from different sensors, such as cameras, ultrasound and radar, are intelligently combined and analysed. When it comes to the matter of sharing, too, the inventor of the car is a pioneer with car2go. With some two million users the company is the world's biggest supplier when it comes to free-floating car-sharing. Mercedes-Benz is pursuing a holistic approach regarding the electrification of the drive train. Apart from the EQ brand with a family of vehicles, Mercedes-Benz is also developing a holistic ecosystem, which, alongside the vehicle itself, also comprises a comprehensive range of electric mobility-related offerings. This extends from intelligent services to energy storage units for private and commercial customers as well as charging technologies, such as inductive charging, to sustainable recycling. The activities are bundled into a new organisation in order to drive forward the equal development of all four pillars.
News Article | March 2, 2017
CAMPBELL, Kalifornien und STUTTGART, Germany, 2. März 2017 /PRNewswire/ -- ChargePoint, das weltweit größte Ladenetzwerk für Elektrofahrzeuge (EV), gibt heute bekannt, dass es sich ein anfängliches Finanzierungvolumen in Höhe von 82 Millionen US-Dollar gesichert hat, das Teil einer größeren Finanzierungsrunde ist. Hauptinvestor des Projektes ist Daimler. Das First Closing der aktuellen Finanzierungsrunde ist das größte in der Geschichte des Unternehmens aus dem Silicon Valley. Die Investition hat das Ziel, die Expansion des Ladenetzwerks nach Europa zu unterstützen und so den Umstieg der Region auf E-Mobilität voranzutreiben. Auch die bestehenden Investoren BMW i Ventures, Linse Capital, Rho Capital Partners und Braemar Energy Ventures beteiligten sich an der aktuellen Finanzierungsrunde. ChargePoint hat bislang mehr als 255 Millionen US-Dollar eingesammelt – ein Beleg für sein erfolgreiches Geschäftsmodell, das ein gemeinsames, weltweites Engagement für Elektromobilität unterstreicht. Immer mehr Fahrzeuge werden elektrifiziert, so auch Lastwagen und Busse. Dank der neuen Finanzmittel wird ChargePoint dafür bereit sein. „Die Automobilindustrie steht an einem Wendepunkt, da weltweit immer mehr Fahrzeuge mit modernsten elektrischen Antriebssystemen auf den Markt kommen", erklärt Pasquale Romano, CEO von ChargePoint. „Die beträchtliche Investition unseres Hauptinvestors Daimler sowie anderer Parteien unterstreicht ein weltweites gemeinsames Engagement für E-Mobilität und legt den Grundstein für Europas umfassendstes Ladenetzwerk." Dank ChargePoint können Autofahrer in Nordamerika ihr Elektrofahrzeug schon heute überall einfach aufladen. Das Netzwerk verfügt über mehr als 33.000 Ladepunkte. Tausende Fahrer setzen für das Aufladen auf ChargePoint, mehr als 6.500 Unternehmen nutzen die Marke, um die Fahrzeuge ihrer Mitarbeiter, Kunden, Flotten und Mieter zuverlässig mit Strom zu versorgen. Nun will ChargePoint europäischen Elektroauto-Fahrern den gleichen Komfort bieten, der den Ladevorgang mühelos macht. ChargePoint gibt zudem die Berufung von Axel Harries, Daimler AG, in das Board of Directors bekannt. Harries blickt auf eine langjährige Zusammenarbeit mit Daimler zurück, wo er bereits diverse Managementaufgaben innehatte, unter anderem als Vice President of Quality und Geschäftsführer der Mercedes-Benz G GmbH sowie in den Bereichen Commercial Vehicles und E-Business. In seiner aktuellen Funktion ist Harries mit dem Aufbau der neu gegründeten Division CASE (Connected, Autonomous, Sharing & Services, Electric Drive) von Daimler betraut, die die Technologien und Innovationen für die Mercedes-Benz-Fahrzeuge der nächsten Generation entwickeln soll, insbesondere die neue Elektromarke EQ. „Während wir den systematischen Ausbau unseres CASE-Ökosystems basierend auf unserer neuen Produktmarke EQ vorantreiben, bleiben wir auch offen für Partnerschaften und Kooperationen auf höchster Ebene. ChargePoint ist ein Unternehmen von Spezialisten im Bereich Ladelösungen für Elektromobilität, mit großem Fachwissen sowohl im Bereich Hardware wie auch Software. Zusammen werden wir das Produktportfolio an intelligenten Ladelösungen signifikant erweitern und dem Kunden ein umfassendes Premiumangebot für Elektromobilität bieten können", sagt Axel Harries. ChargePoint ist der einzige Anbieter, der eine Ladelösung für jeden Lebensbereich eines Elektroauto-Fahrers bietet: zuhause, bei der Arbeit, in der Stadt oder unterwegs. Dieses umfassende Produktportfolio versetzt ChargePoint in die Lage, für jeden Markt in Europa die richtige Innovation zu bieten und den verschiedenen Ansprüchen von Fahrern gerecht zu werden. Die Hardware- und Softwarelösungen von ChargePoint wurden von ausgewiesenen Experten im Bereich E-Mobilität entwickelt. Sie erleichtern den Fahrern den Ladevorgang und unterstützen die Eigentümer der Ladestationen durch benutzerdefinierte Zugangskontrollen, Preisgestaltungs- und Reporting-Tools sowie andere intelligente Funktionen. Neben seinem Engagement für die E-Mobilität durch innovative Technologien wird ChargePoint auf seiner langen Erfahrung aus Nordamerika bei der Förderung EV-freundlicher Richtlinien aufbauen und Partnerschaften mit Entscheidungsträgern, Versorgungsunternehmen und Automobilherstellern in Europa anstreben. Mehr als 20 europäische Länder bieten attraktive Anreize für den Kauf von Elektrofahrzeugen, wodurch Europa bereits zweitgrößter EV-Markt der Welt ist. Da die Zahl der Elektroautos auf den europäischen Straßen zunimmt, ist der Bedarf an einem umfassenden Ladenetzwerk größer denn je. Derzeit gibt es Dutzende Anbieter von Lade-Hardware, Software sowie Fahrernetzwerken für Elektroautos in einem fragmentierten Markt. Sie alle funktionieren unterschiedlich, häufig müssen sich die Fahrer mit getrennten Accounts anmelden, was den Ladevorgang mühsam und unübersichtlich macht. ChargePoint will der erste Anbieter sein, der den europäischen Markt mit einer umfassenden Lösung beliefert, welche die Elektroauto-Fahrer überall unterstützt. Dank seiner Zusammenarbeit mit innovativen Unternehmen wie Daimler, einem der größten Hersteller von Oberklassefahrzeugen und ein Vorreiter in Sachen E-Mobilität, kann ChargePoint nun den Grundstein für Europas umfassendstes und intelligentestes Ladenetzwerk legen. ChargePoint ist das größte und offenste Ladenetzwerk für Elektrofahrzeuge (EV) weltweit. Es bietet mehr als 33.000 unabhängig betriebene Ladepunkte sowie über 7.000 Standorte, die die Elektroauto-Fahrer einfach finden und nutzen können – sei es zuhause, bei der Arbeit, in der Stadt oder unterwegs. Führende Hardwarehersteller für Elektrofahrzeuge sowie andere Partner vertrauen auf das ChargePoint-Netzwerk, um die Daten der Ladestationen online, über mobile Apps und in den Navigationssystemen führender Elektrofahrzeugmarken verfügbar zu machen. ChargePoint-Fahrer haben ihre Elektrofahrzeuge bereits über 21 Millionen Mal aufgeladen, mehr als 80 Millionen Liter Benzin gespart und sind rund 840 Millionen benzinfreie Kilometer gefahren. Weitere Informationen auf www.chargepoint.com. Die Daimler AG ist eines der erfolgreichsten Automobilunternehmen der Welt. Mit den Geschäftsfeldern Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses und Daimler Financial Services gehört der Fahrzeughersteller zu den größten Anbietern von Premium-Pkw und ist der größte weltweit aufgestellte Nutzfahrzeug-Hersteller. Daimler Financial Services bietet Finanzierung, Leasing, Flottenmanagement, Versicherungen, Geldanlagen und Kreditkarten sowie innovative Mobilitätsdienstleistungen an. Die Firmengründer Gottlieb Daimler und Carl Benz haben mit der Erfindung des Automobils im Jahr 1886 Geschichte geschrieben. Als Pionier des Automobilbaus gestaltet Daimler auch heute die Zukunft der Mobilität: Das Unternehmen setzt dabei auf innovative und grüne Technologien sowie auf sichere und hochwertige Fahrzeuge, die faszinieren und begeistern. Daimler investiert konsequent in die Entwicklung alternativer Antriebe – von Hybridfahrzeugen bis zu reinen Elektrofahrzeugen mit Batterie oder Brennstoffzelle – um langfristig das emissionsfreie Fahren zu ermöglichen. Darüber hinaus treibt das Unternehmen das unfallfreie Fahren und die intelligente Vernetzung bis hin zum autonomen Fahren mit Nachdruck voran. Denn Daimler betrachtet es als Anspruch und Verpflichtung, seiner Verantwortung für Gesellschaft und Umwelt gerecht zu werden. Daimler vertreibt seine Fahrzeuge und Dienstleistungen in nahezu allen Ländern der Welt und hat Produktionsstätten in Europa, Nord- und Südamerika, Asien und Afrika. Zum Markenportfolio zählen neben Mercedes-Benz, der wertvollsten Premium-Automobilmarke der Welt, sowie Mercedes-AMG, Mercedes-Maybach und Mercedes me, die Marken smart, Freightliner, Western Star, BharatBenz, FUSO, Setra und Thomas Built Buses und die Marken von Daimler Financial Services: Mercedes-Benz Bank, Mercedes-Benz Financial, Daimler Truck Financial, moovel, car2go und mytaxi. Das Unternehmen ist an den Börsen Frankfurt und Stuttgart notiert (Börsenkürzel DAI). Im Jahr 2015 setzte der Konzern mit insgesamt 284.015 Mitarbeitern rund 2,9 Mio. Fahrzeuge ab. Der Umsatz lag bei 149,5 Mrd. Euro das EBIT betrug 13,2 Mrd. Euro. CASE – diese Buchstaben prägen die Zukunft von Mercedes-Benz Cars. Sie stehen für die strategischen Säulen Vernetzung (Connected), autonomes Fahren (Autonomous), flexible Nutzung (Shared & Services) und elektrische Antriebe (Electric), die das Unternehmen intelligent miteinander verbindet. Schon heute nimmt Mercedes-Benz Cars in allen vier Bereichen eine führende Rolle ein. So steht im Zentrum für alle Aktivitäten im Bereich Vernetzung die digitale Marke Mercedes me, die den Kunden per App, Website oder direkt im Auto Zugang zu einem umfassenden und personalisierten Dienstleistungsangebot gibt. Auf dem Weg zum autonomen Fahren treibt Mercedes‑Benz seit Jahren die Entwicklung intensiv voran und setzt dabei immer wieder Maßstäbe. Dafür nutzen die Mercedes Ingenieure die sogenannte Sensor Fusion. Die Daten unterschiedlicher Sensoren wie Kameras, Ultraschall und Radar werden intelligent verknüpft und ausgewertet. Auch beim Thema Sharing ist der Erfinder des Automobils mit car2go Vorreiter. Mit rund zwei Millionen Nutzern ist das Unternehmen größter Anbieter weltweit beim free-floating Carsharing. Bei der Elektrifizierung des Antriebsstrangs folgt Mercedes‑Benz einem ganzheitlichen Ansatz und entwickelt neben der Marke EQ mit einer Fahrzeugfamilie auch ein ganzheitliches Ökosystem, das neben dem reinen Fahrzeug ein umfassendes Angebot rund um die Elektromobilität enthält. Dieses reicht von intelligenten Services über Energiespeicher für private und gewerbliche Kunden sowie Ladetechnologien wie dem induktiven Laden bis hin zum nachhaltigen Recycling. Um die Weiterentwicklung aller vier Säulen gleichermaßen voran zu treiben, sind die Aktivitäten in einer neuen Organisationseinheit gebündelt.
News Article | November 2, 2016
Notes: Sales, means the sales volume of HVAC Applications Sensor Revenue, means the sales value of HVAC Applications Sensor This report studies sales (consumption) of HVAC Applications Sensor in Global market, especially in United States, China, Europe, Japan, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering Rockwell Schneider Electric Siemens Sensirion Setra Sensata Johnson Controls Honeywell CST Freescale Vaisala E+E KROHNE First Sensor U.S. Sensor AST Pyromation Minco Delta Controls Novar Melexis EPCOS USTSensor Market Segment by Regions, this report splits Global into several key Regions, with sales (consumption), revenue, market share and growth rate of HVAC Applications Sensor in these regions, from 2011 to 2021 (forecast), like United States China Europe Japan Split by product Types, with sales, revenue, price and gross margin, market share and growth rate of each type, can be divided into Type I Type II Type III Split by applications, this report focuses on sales, market share and growth rate of HVAC Applications Sensor in each application, can be divided into Application 1 Application 2 Application 3 Global HVAC Applications Sensor Sales Market Report 2016 1 HVAC Applications Sensor Overview 1.1 Product Overview and Scope of HVAC Applications Sensor 1.2 Classification of HVAC Applications Sensor 1.2.1 Type I 1.2.2 Type II 1.2.3 Type III 1.3 Application of HVAC Applications Sensor 1.3.1 Application 1 1.3.2 Application 2 1.3.3 Application 3 1.4 HVAC Applications Sensor Market by Regions 1.4.1 United States Status and Prospect (2011-2021) 1.4.2 China Status and Prospect (2011-2021) 1.4.3 Europe Status and Prospect (2011-2021) 1.4.4 Japan Status and Prospect (2011-2021) 1.5 Global Market Size (Value and Volume) of HVAC Applications Sensor (2011-2021) 1.5.1 Global HVAC Applications Sensor Sales and Growth Rate (2011-2021) 1.5.2 Global HVAC Applications Sensor Revenue and Growth Rate (2011-2021) 2 Global HVAC Applications Sensor Competition by Manufacturers, Type and Application 2.1 Global HVAC Applications Sensor Market Competition by Manufacturers 2.1.1 Global HVAC Applications Sensor Sales and Market Share of Key Manufacturers (2011-2016) 2.1.2 Global HVAC Applications Sensor Revenue and Share by Manufacturers (2011-2016) 2.2 Global HVAC Applications Sensor (Volume and Value) by Type 2.2.1 Global HVAC Applications Sensor Sales and Market Share by Type (2011-2016) 2.2.2 Global HVAC Applications Sensor Revenue and Market Share by Type (2011-2016) 2.3 Global HVAC Applications Sensor (Volume and Value) by Regions 2.3.1 Global HVAC Applications Sensor Sales and Market Share by Regions (2011-2016) 2.3.2 Global HVAC Applications Sensor Revenue and Market Share by Regions (2011-2016) 2.4 Global HVAC Applications Sensor (Volume) by Application GET EXCLUSIVE DISCOUNT ON THIS REPORT @ https://www.wiseguyreports.com/check-discount/722694-global-hvac-applications-sensor-sales-market-report-2016 Figure Picture of HVAC Applications Sensor Table Classification of HVAC Applications Sensor Figure Global Sales Market Share of HVAC Applications Sensor by Type in 2015 Figure Type I Picture Figure Type II Picture Table Applications of HVAC Applications Sensor Figure Global Sales Market Share of HVAC Applications Sensor by Application in 2015 Figure Application 1 Examples Figure Application 2 Examples Figure United States HVAC Applications Sensor Revenue and Growth Rate (2011-2021) Figure China HVAC Applications Sensor Revenue and Growth Rate (2011-2021) Figure Europe HVAC Applications Sensor Revenue and Growth Rate (2011-2021) Figure Japan HVAC Applications Sensor Revenue and Growth Rate (2011-2021) Figure Global HVAC Applications Sensor Sales and Growth Rate (2011-2021) Figure Global HVAC Applications Sensor Revenue and Growth Rate (2011-2021) Table Global HVAC Applications Sensor Sales of Key Manufacturers (2011-2016) Table Global HVAC Applications Sensor Sales Share by Manufacturers (2011-2016) Figure 2015 HVAC Applications Sensor Sales Share by Manufacturers Figure 2016 HVAC Applications Sensor Sales Share by Manufacturers Table Global HVAC Applications Sensor Revenue by Manufacturers (2011-2016) Table Global HVAC Applications Sensor Revenue Share by Manufacturers (2011-2016) Table 2015 Global HVAC Applications Sensor Revenue Share by Manufacturers Table 2016 Global HVAC Applications Sensor Revenue Share by Manufacturers Table Global HVAC Applications Sensor Sales and Market Share by Type (2011-2016) Table Global HVAC Applications Sensor Sales Share by Type (2011-2016) Figure Sales Market Share of HVAC Applications Sensor by Type (2011-2016) Figure Global HVAC Applications Sensor Sales Growth Rate by Type (2011-2016) Table Global HVAC Applications Sensor Revenue and Market Share by Type (2011-2016) Table Global HVAC Applications Sensor Revenue Share by Type (2011-2016) Figure Revenue Market Share of HVAC Applications Sensor by Type (2011-2016) …. CONTINUED FOR ANY QUERY, REACH US @ https://www.wiseguyreports.com/enquiry/722694-global-hvac-applications-sensor-sales-market-report-2016
Thiery M.,University Paris Est Creteil |
Cremona C.,SETRA |
Baroghel-Bouny V.,University Paris Est Creteil
European Journal of Environmental and Civil Engineering | Year: 2012
Deterministic approaches for the prediction of the carbonation penetration have limitations related to the high variability of the input data. This paper deals with two carbonation models which are developed in the framework of a probabilistic approach. The random input data are presented, i.e. materials, environment and engineering design properties. The evaluation of the time-dependent probability of carbonation-induced reinforcement corrosion is assessed by calculating the reliability index for three studied concretes. This probabilistic approach provides a framework for a sensitivity analysis which enables one to identify the most influencing model parameters which have to be determined carefully in order to improve the accuracy of the prediction and to determine the parameters whose variability should be reduced to enhance the durability. Furthermore, a probabilistic approach provides a tool to design the thickness of the concrete cover in order to avoid oversizing. © 2012 Taylor & Francis.
News Article | November 24, 2016
LONDON--(BUSINESS WIRE)--Technavio has announced the top 10 leading vendors in their recent global low-floor hybrid bus market report. The report has calculated the total hybrid electric bus market size based on the total unit sales of heavy-duty hybrid vehicles globally using a top-down approach. At present, the Chinese market and OEMs are the major forces in the global hybrid market and will continue to dominate the market during the forecast period. This is primarily attributed to the presence of many players due to an established supply chain for hybrid technology. Chinese OEMs have gained momentum in the global hybrid bus market backed by strong domestic and regional demand. However, Technavio analysts expect the demand to spread worldwide making companies like Volvo, Daimler, and MAN benefit from their strong sales network and geographic reach. The competition between the manufacturers is increasing, owing to the promising large volumes of sales with the partnerships from governments and public sectors, to make public transport cleaner and greener. Hence, manufacturers are increasing their geographical market presence and product portfolios to attract maximum sales. “The integration with government agencies should be the key focus area for hybrid electric bus manufacturers to increase market share as they are the major customers. The high sales volume in the Chinese market by the local OEMs has made them the global market leaders. However, they lack geographical presence globally,” says Siddharth Jaiswal, a lead automotive manufacturing analyst from Technavio. Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Daimler established its presence in the automotive manufacturing sector with its range of offerings, including Mercedes-Benz cars, Mercedes-Benz vans, Daimler trucks, and Daimler buses. Daimler offers various heavy commercial buses under its Daimler bus division and develops and produces buses under the brand names Mercedes-Benz and Setra. The company also has Indian venture BharatBenz, which produces buses and trucks. It has 14 manufacturing facilities for buses across worldwide, which include seven in Europe, one in NAFTA, three in Latin America, one in Africa, and two in Asia. Volvo is one of the world’s largest manufacturer of heavy-duty trucks and buses. It is the largest manufacturer of buses and construction equipment as well as a leading manufacturer of heavy-duty diesel engines and marine and industrial engines. Volvo had strengthened its global presence and commercial vehicle revenue by launching more products, and through strategic acquisitions. Wuzhoulong sells its products in various provinces and cities in China, including Macau, as well as Hong Kong and overseas districts and markets such as the US, South America, the Middle East, African countries, and internationally. Yutong is a Chinese industrial group that manufactures a variety of buses. It is also involved in the construction of machinery, automotive parts and components, and real estate businesses. Yutong's sales volume of large and medium-sized buses have a market share of about 30% in China and 10% worldwide. The company's principal operating company, Zhengzhou Yutong Bus, specializes in the R&D, manufacturing, and sales of buses and related products. King Long is a Chinese bus manufacturer with bus product portfolio of vanes, coaches, transit bus, school bus, city bus, and other special vehicles. Its top part suppliers are MAN, ZF, Scania, Hino, Nissan, and Cummins. The company has more than 90 models in its bus portfolio. New Flyer is an American bus manufacturer that introduced the first low-floor bus in North America. It is the top bus manufacturer in the region with higher market penetration but is limited to only that region. In 2013, the company acquired the competing hybrid manufacturer NABI. At present, New Flyer has four manufacturing facilities for producing heavy-duty buses. In 2016, the company acquired Motor Coach Industries. ADL is the largest British bus manufacturer with a geographical presence in Canada, the US, South Africa, Malaysia, China, and Europe. More than 30% share of the company is from the UK. Its portfolio includes diesel and hybrid single and double deck transit buses. Foton Motor is a Chinese company that designs and manufactures trucks, buses, sport utility vehicles (SUVs), and agricultural machineries. It makes commercial trucks in partnership with Daimler, which sells products under the name Auman. The company has a geographical presence in Germany, the Philippines, Japan, and Taiwan. FAW is a Chinese company that manufactures buses, light-medium and heavy-duty trucks, and auto parts. FAW is one of the top four automakers in China. The company has joint ventures with Audi, GM, Mazda, Toyota, and Volkswagen for sales in the Chinese market. It is an American manufacturer of low-floor heavy-duty transit buses. It is the second largest bus manufacturer in North America after New Flyer. The company has a strong AFV bus division, which started producing models from 1996. More than 30% share of GILLIG's heavy-duty bus sales are from the US and Canada. Do you need a report on a market in a specific geographical cluster or country but can’t find what you’re looking for? Don’t worry, Technavio also takes client requests. Please contact email@example.com with your requirements and our analysts will be happy to create a customized report just for you. Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at firstname.lastname@example.org.
News Article | November 23, 2015
« KIT researchers developing low-pressure carbonitriding process for hardening steel with methylamine; applications in downsized engines | Main | Nissan has more than 550 electric taxis on European roads » Daimler Trucks will begin production of the new medium-duty DD5 and DD8 diesel engines for the NAFTA market in Detroit effective 2018. The plant is currently beginning localized series production of the DT12 automated transmission for the NAFTA market as well. Daimler Trucks invested $100 million for the new production of the DT12 automated manual transmission in Detroit. For the development and production of the new DD5 and DD8 engines, Daimler Trucks will additionally invest over $375 million. The DT12 heavy-duty automated transmission is used in the Freightliner Cascadia and Western Star 5700 XE heavy-duty trucks. The transmission achieves up to 3% better fuel consumption compared with a conventional manual transmission. By 2015, more than 40% of all Freightliner Cascadia models in the NAFTA market were sold with the DT12 transmission. With local production of the DT12 transmission, previously sourced from the Mercedes-Benz plant in Gaggenau / Baden, Germany, Daimler Trucks can now respond more quickly to the rising demand in North America. Furthermore, customers of Daimler Trucks North America benefit from faster delivery times. Daimler Trucks continues to supply its Detroit facility with component parts for the transmission assembly out of Gaggenau. The new DD5 and DD8 engines are from the Medium Duty Engine Generation (MDEG), which Daimler Trucks has developed in Germany to comply with the demanding Euro VI emissions standard. As of their market launch in 2016, the DD5 and DD8 engines will therefore also comply with the NAFTA standard for greenhouse gas emissions (GHG17) a year before it comes into force. The medium-duty four- and six-cylinder engines use standardized components such as the cylinder head, cylinder block, connecting rods and camshaft. In the future both engines will be used in the entire product portfolio of Daimler Trucks North America. Up until the production launch in Detroit scheduled for 2018, the engines will be supplied from the Mercedes-Benz aggregate-plant in Mannheim, Germany. The Daimler Trucks & Buses portfolio includes Mercedes-Benz trucks & buses, Setra, Freightliner, Western Star, BharatBenz, FUSO, and Thomas Built Buses. With its aggregate-brand “Detroit”, Daimler Trucks has been offering US customers a harmonized powertrain crafted with its own engines, transmissions and axles. Having started this business in 2012, Daimler Trucks has been the first manufacturer in the North American market to offer an integrated powertrain manufactured under one roof. Built in 1938, the “Detroit” aggregate plant in Redford has been owned by Daimler AG since 2000. In an area covering more than 280,000 square meters some 2200 employees produce engines, transmissions and axles for Daimler Trucks’ American commercial vehicle-brands.
Procedia Engineering | Year: 2013
Continuous shear connection, using a cut steel strip, is an upcoming solution for composite beams. With the activation of friction on the sides of the steel strip this method has already been used to design and build large durable bridges during the sixties. However direct shear transmission into the steel strip though teeth of the cut is also possible and has been scrutinized with the support of the European Research Fund for Coal and Steel. It is characterized by a high initial stiffness, bearing capacity and ductility. It allows new and economic construction methods, as the PreCoBeams (Prefabricated Composite Beam used as formwork). PreCoBeams are for instance composite beams associating steel T-sections acting as tension member with a concrete top chord acting as compression member. Steel parts are generally obtained from rolled steel profiles that are longitudinally cut in two identical T-sections. The cut is performed with a special shape to allow the shear longitudinal transmission between steel and reinforced concrete. In general, prefabricated, composite, longitudinal PreCoBeam bridge elements are produced in factory. They consist of at least one steel T-section associated to a precast first phase concrete flange. Second phase concrete layer is then completed in-situ after erection of the bridge elements on abutments. These PreCoBeam bridges are very economic in design and construction, though the main market drawback for PreCoBeams is the missing design rules for the shear connection. This paper introduces the static and fatigue design of continuous steel plate shear connections used for PreCoBeams derived from the recent research activities. The CL shape of the cutting has been tested in fatigue, ultimate and service limit states and validated in the scope of a bridge application. This concept aims at developing a competitive solution for small span bridges. The various solutions realized in the last years in many European countries, some of them presented in the paper, show clearly its interest. © 2013 The Authors. Published by Elsevier Ltd.
News Article | October 27, 2016
Bergs Timber AB (publ) (”Bergs Timber” eller ”Bolaget”) har idag tecknat en avsiktsförklaring med Setra Trävaror AB (”Setra”) gällande förvärv av rörelsen vid Setras sågverk i Vimmerby (”Rörelsen”). Transaktionen avser förvärv av Rörelsen där värderingen baseras på bokförda värden och görs på skuldfri basis. Finansieringen av transaktionen avses göras dels genom betalning i nyemitterade aktier av serie B i Bergs Timber och dels genom upptagande av nya krediter. Parterna är överens om att fördel