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Mercedez Benz News Mercedes-Benz Plans on Offering 10 EVs By 2022

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Mercedes-Benz is going all in on electric vehicles with the launch of the EQ sub-brand by the end of this decade. Previously, the German automaker planned to have ten electric vehicles in the EQ lineup by 2025. But a new report from Automotive News says that timeframe has been pushed up to 2022.

Why move this goal forward? According to the report, Mercedes wants to lessen the backlash various automakers are currently dealing with due to the diesel vehicles. Diamler, Mercedes-Benz's parent company is currently under investigation by German prosecutors for possible fraud and false advertising on some of their diesel models. Also, Diamler's plan on reducing CO2 emissions across their entire fleet hit a snag last year due to buyers going for larger vehicles.

"We want to shape the profound transformation of the automotive industry from the forefront," said Daimler Chairman Manfred Bischoff in a statement.

"Further fundamental changes will be required for Daimler to remain successful," as the industry adjusts to cars running on electric motors and capable of driving themselves, he said.

We know that the EQ lineup will include two SUVs (one previewed by the Generation EQ concept from last year) and two sedans.

Source: Automotive News (Subscription Required)


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That should shut down Tesla's 4 model line up.  I bet an all electric SL turns up around 2020 for the new generation and that would be epic.

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Should be 4 SUVs- why bother wasting billions on sedans in a dead segment? Especially with the dismal sales overall of EVs?

It's amazing to watch these OEMs just about kill themselves, straining to chase what only they seem to think is the Next Great Thing, like self-driving cars. I just can't see that last one making major inroads within -say- 25 years. 'Start early, get a jump' one might say. I point to the luxury SUV market, started by Jeep in 1963. IOW, there's a 'time' for a market change, and you basically can't force that.

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I understand a small group will love and want self driving auto's. I think GM is doing it right focused on Lyft. For the rest, pass.

EV's are great. but will still take time to grow. Be interesting to see what MB really brings to market and when. I suspect things will get stretched out over time and take twice as long as they have stated.

I do love the quiet EV's. 

BOLT ev test drive today with the wife. Loved the regen paddle on the wheel and still have the break. Auto was fast, tight and a blast to drive.

Wife is thinking on it if she wants to buy it. Only thing she did not like about it was the black and white dash. She wisheses it was all black.

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17 hours ago, balthazar said:

Should be 4 SUVs- why bother wasting billions on sedans in a dead segment? 

Totally agree, I question needing more than 1 EV sedan at this point when the global market has moved to CUV / SUV's.

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17 hours ago, dfelt said:

Auto was fast, tight and a blast to drive.

Two of those are incorrect... "quick" because it only goes 93mph and almost 3600lbs isn't light for a compact class vehicle. It's actually heavy for its size.

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Mercedes I believe is the only luxury brand that sells more cars than they do SUVs other than Bentley or Rolls, so they still have a large sedan business.  C and E class can total over 700,000 a year globally.   

Making C, E, and S class sized EV sedans makes a lot of sense.  Especially if they use the EV platform then put the same basic interior of the gas car in there.

What Tesla lacks is cash, R&D budget and production facilities.  Mercedes has all that, they can build these electric cars in any of their existing factories.  And especially with electric cars, once you have a scalable platform you can build a ton of body styles rather easily because you don't have to work around the engine, drive shaft, exhaust, etc.

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14 minutes ago, smk4565 said:

Mercedes I believe is the only luxury brand that sells more cars than they do SUVs other than Bentley or Rolls, so they still have a large sedan business.

Are you drunk? or are you literally talking about sales numbers? Either way, you look wrong.

BMW Cars: 2, 3, 4, 5, 6, 7, i3, i8, Z4

BMW SUVs: X1, X3, X4, X5, X6

Also, the sales numbers I saw show Mercedes selling more "light trucks" than cars.

25,583 cars

26,190 "light trucks"

BMW cars: 23,271

BMW "light trucks": 17,309

Audi cars: 12,577

Audi "light trucks": 10,991

You're Wrong Link.

 

 

25 minutes ago, smk4565 said:

 Mercedes has all that, they can build these electric cars in any of their existing factories.

Then where will the build their current lineup at?

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20 hours ago, dfelt said:

BOLT ev test drive today with the wife. Loved the regen paddle on the wheel and still have the break. Auto was fast, tight and a blast to drive.

 

2 hours ago, ccap41 said:

Two of those are incorrect... "quick" because it only goes 93mph and almost 3600lbs isn't light for a compact class vehicle. It's actually heavy for its size.

FAST

TIGHT

Blast to drive

So FAST is true, you have 266lb ft of torque from zero MPH. It moves and in sport mode it seems to move even more. 

Test drive before you say it is not fast. I am used to speed and this jumps off the line when you hit the accelerator.

TIGHT TIGHT TIGHT, never said LIGHT or proper LITE. The BOLT is very much a drivers auto especially in SPORT mode. Very little body sway and it really holds in corners. Far better than many auto's especially those that they say are driver auto's.

Blast to drive. So quiet and yet moves so well. Loved the overly large dual LCD screens, customization and the Android Autoplay. SWEET way to have your auto.

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36 minutes ago, dfelt said:

TIGHT

If only I could read... :duh:

But still not fast. It's a quick car, quite quick. My Focus can go faster than 93mph but it likely(it won't) cannot get to 93mph as quickly.

Also, w/o even driving it, I can tell you it is not a "driver's car". It's an economical statement not a driver's car. It does its intended job very well but a high rise CUV-like vehicle is not a driver's car. Your EV bias is showing through thicker than cold peanut butter right there. "holds corners far better than most autos"(paraphrased). GTFO with that.

Edited by ccap41

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43 minutes ago, ccap41 said:

If only I could read... :duh:

But still not fast. It's a quick car, quite quick. My Focus can go faster than 93mph but it likely(it won't) cannot get to 93mph as quickly.

Also, w/o even driving it, I can tell you it is not a "driver's car". It's an economical statement not a driver's car. It does its intended job very well but a high rise CUV-like vehicle is not a driver's car. Your EV bias is showing through thicker than cold peanut butter right there. "holds corners far better than most autos"(paraphrased). GTFO with that.

Have you driven the Bolt to make such an assessment?

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10 hours ago, ccap41 said:

Are you drunk? or are you literally talking about sales numbers? Either way, you look wrong.

BMW Cars: 2, 3, 4, 5, 6, 7, i3, i8, Z4

BMW SUVs: X1, X3, X4, X5, X6

Also, the sales numbers I saw show Mercedes selling more "light trucks" than cars.

25,583 cars

26,190 "light trucks"

BMW cars: 23,271

BMW "light trucks": 17,309

Audi cars: 12,577

Audi "light trucks": 10,991

You're Wrong Link.

 

 

Then where will the build their current lineup at?

In 2016 (in usa) Mercedes sold 158,600 SUV and 181,637 cars.   Cars still make up the majority of their business.  I didn't add all BMW and Audi's full year sales, but Audi puts a new SUV on sale every 6 months, and any car they make above A4 doesn't sell here.  

Regardless, C, E, and S class are all #1 seller in their segments, so it makes perfect sense to make electric cars of equal size, because they know how to sell sedans in those segments, and they want the Tesla Model S and Model 3 business.  People buy the Tesla because it was the new thing and nothing else is like it, when Mercedes sells Tesla performance with a Mercedes interior and build quality, goodnight Tesla.

And that is what this push is half about, half is about the European Eco-mentalist green movement and the other half is about taking out Tesla.

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7 hours ago, smk4565 said:

In 2016 (in usa) Mercedes sold ...

Regardless, ... S class are all #1 seller in their segments...

Not in the U.S.
S-class is old- should've been bolder; current generation is too close to last one and frankly it's become the 'boring' choice. Only moving at a rate of 12K/yr and the Model S is closer to 50K. Tesla owns that segment.

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1 hour ago, balthazar said:

Not in the U.S.
S-class is old- should've been bolder; current generation is too close to last one and frankly it's become the 'boring' choice. Only moving at a rate of 12K/yr and the Model S is closer to 50K. Tesla owns that segment.

Tesla Model S sold like 25k units in the USA last year, 50k world wide.  The Model S is also a mid size car, with a starting price $30,000 below the S-class before the $7500 tax credit.   But Mercedes recognizes the threat of Tesla for sure, that is why they are launching this 10 model assault aimed directly at Tesla.

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MSRPs run between $73K and $111K depending on power train- that's comparable to the segment (7-series starts @ $81K). S-class with the usual discounting starts @ $86K; Model S has no discounting. Model S certainly isn't in the e-class segment ($52K).
Yes- it's not as large as the others in the segment, closer to mid-size, but credit to Tesla for positioning their 'compact full-size' where it is. It has other dimensions that meet or exceed the other 'full-size' sedans (width, cargo capacity).

Just Q3 2016 numbers :

ss44.png

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18 hours ago, ccap41 said:

If only I could read... :duh:

But still not fast. It's a quick car, quite quick. My Focus can go faster than 93mph but it likely(it won't) cannot get to 93mph as quickly.

Also, w/o even driving it, I can tell you it is not a "driver's car". It's an economical statement not a driver's car. It does its intended job very well but a high rise CUV-like vehicle is not a driver's car. Your EV bias is showing through thicker than cold peanut butter right there. "holds corners far better than most autos"(paraphrased). GTFO with that.

The BOLT is not high like other CUV's, Was surprised by this and yet is does handle like a driving auto. Test drive it first before you say it is not. That also surprised me.

Cruze had 5.5 inches of ground clearance, BOLT is 6" Most CUV's are around 8-9 inches.

I challenge you to test drive the BOLT and then think about how it drives compared to cars and handles. For 99.9% of people, they will never go over 93 mph but getting up to speed fast and holding in turns, this little auto does  the engineers proud. Way better tuned chassis and suspension than I would have expected and at highway speed, it still can jump forward way better than allot of ICE auto's.

New respect for those that created and built the BOLT.

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It's roofline is ~5 inches higher than the compact class of cars. It's also low to the ground because of reduced aero drag. That ground clearance is likely due to a plastic piece sticking down 1-2 inches, like my Escape, Tahoes, and anything else that's "lifted".

It's lateral grip is far less than my Focus..which isn't anything special. 0.77g for the Bolt and 0.89-0.90g for the Focus(non-ST or RS).

MT's figure 8 numbers for acceleration, braking, and turning characteristics?

Ford Focus: 26.7 sec

Chevy Bolt: 27.6 sec

And that's with it being MUCH slower accelerating because the Bolt does a 1/4 mile in 14.9 vs a Focus DCT in 16.3.

It is hands-down quicker in a straight line but that's it. So if it handles worse than my Focus(with a decent margin, if it was much closer I could understand the "drive it before you knock it") then I don't really need to drive it to say that it is not a "driver's car".

Compare it to a Miata? The pinnacle of "driver's car".

1/4 mile: 14.5 sec

Lateral g's: 0.95

MT's figure 8: 25.4 sec

All of these numbers are from MT to get a consistent source as other companies get different numbers for the same vehicle(for example, C/D is always quicker).

It is good, very good... for a CUV.

Edited by ccap41
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5 hours ago, ccap41 said:

It's roofline is ~5 inches higher than the compact class of cars. It's also low to the ground because of reduced aero drag. That ground clearance is likely due to a plastic piece sticking down 1-2 inches, like my Escape, Tahoes, and anything else that's "lifted".

It's lateral grip is far less than my Focus..which isn't anything special. 0.77g for the Bolt and 0.89-0.90g for the Focus(non-ST or RS).

MT's figure 8 numbers for acceleration, braking, and turning characteristics?

Ford Focus: 26.7 sec

Chevy Bolt: 27.6 sec

And that's with it being MUCH slower accelerating because the Bolt does a 1/4 mile in 14.9 vs a Focus DCT in 16.3.

It is hands-down quicker in a straight line but that's it. So if it handles worse than my Focus(with a decent margin, if it was much closer I could understand the "drive it before you knock it") then I don't really need to drive it to say that it is not a "driver's car".

Compare it to a Miata? The pinnacle of "driver's car".

1/4 mile: 14.5 sec

Lateral g's: 0.95

MT's figure 8: 25.4 sec

All of these numbers are from MT to get a consistent source as other companies get different numbers for the same vehicle(for example, C/D is always quicker).

It is good, very good... for a CUV.

But you still haven't driven it while dfelt has so...

 

And I'm not stating this to be a jerk Btw (silly troll down vote aside) but "drivers car" is truly subjective here and you're kind of poopooing it without having ever driven one and then criticize dfelt about it even though he has driven it. To him, it may be a nice drivers car, making this a very subjective argument. 

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11 minutes ago, surreal1272 said:

But you still haven't driven it while dfelt has so...

 

And I'm not stating this to be a jerk Btw (silly troll down vote aside) but "drivers car" is truly subjective here and you're kind of poopooing it without having ever driven one and then criticize dfelt about it even though he has driven it. To him, it may be a nice drivers car, making this a very subjective argument. 

In the phrase, " Driver's car " it even defines it as a "car" to begin with. While I will absolutely agree that I have not driven one and that they are quite quick aaaand that they do their intended job VERY, VERY well... there is no possible way a CUV is considered a "driver's car" to anybody who isn't just blindly in love with EVs. There's just no way. Yeeesssss the term is relative, to an extent. It will mean something different to each driver but 99% of car people will be able to agree that a Bolt is not a driver's car. It's barely a car..lol

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7 minutes ago, ccap41 said:

In the phrase, " Driver's car " it even defines it as a "car" to begin with. While I will absolutely agree that I have not driven one and that they are quite quick aaaand that they do their intended job VERY, VERY well... there is no possible way a CUV is considered a "driver's car" to anybody who isn't just blindly in love with EVs. There's just no way. Yeeesssss the term is relative, to an extent. It will mean something different to each driver but 99% of car people will be able to agree that a Bolt is not a driver's car. It's barely a car..lol

Again you are making an assumption even though you acknowledge the fact that you haven't actually driven one though. It's like someone telling you that the Escape gets "x" MPGs, citing only paper stats while never having driven one, while you claim you get "y" MPGs. Being that you actually own one, who am I more likely to believe? Paper stats or actual ownership experience?

 

Just offering a little perspective here on a subjective matter. 

Edited by surreal1272
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7 hours ago, ccap41 said:

In the phrase, " Driver's car " it even defines it as a "car" to begin with. While I will absolutely agree that I have not driven one and that they are quite quick aaaand that they do their intended job VERY, VERY well... there is no possible way a CUV is considered a "driver's car" to anybody who isn't just blindly in love with EVs. There's just no way. Yeeesssss the term is relative, to an extent. It will mean something different to each driver but 99% of car people will be able to agree that a Bolt is not a driver's car. It's barely a car..lol

I see the point your trying to make. Think of this point:

Every category of auto has their slush mobiles and their drivers auto.

You take the compact auto class and put together all the compact cars and some are slush body rolling nightmares and some are tight and handle very well.

Compact CUV's, some are fat pigs that wallow in driving and others are athletes that go the distance and leave you with the WOW, what an amazing performance.

The BOLT will surprise you especially if you put it in SPORT mode.

Take 5 years of a wife driving a Trailblazer SS AWD custom tuned and able to easily hold it's self at 157 mph as both her and I have driven it since we own it. 

Get in to the BOLT and her first impression was wow this is small compared to the TB, interior space was WOW, this is roomier than the TB.

In normal mode, all 266 lb ft of torque moves you very nicely from a stop. Step on it at 55 and the auto jumps forward.

Now do this in SPORT mode and everything is tight and even faster.

As stated Drivers auto is very subjective and I drive alot of CUV's and SUV's.

MT stated what they got and never mentioned that I saw sport mode and yet other reviews have all talked about the big difference between normal mode that is exciting to drive and sport mode that for some more laid back drivers would scare them.

The BOLT is a well designed EV, that is a drivers auto. I have this as a Yard stick to see how exciting FORD, FCA, MB, BMW, etc. can step up to and deliver.

BMW i3 is fast but a terrible drivers auto. Just trying to commute in it beats the hell out of you.

BOLT gets you moving, holds it own and still gives you comfort.

You really need to go TEST DRIVE one and then post your own impression.

I am excited to hear what BILL and DREW think when they can get one for a week test drive.

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      Press Release is on Page 2


      Nissan’s product transformation continues with Ariya, a 100 percent electric crossover for a new era
      The next step of Nissan’s transformation is here with an all-new EV that delivers driving excitement, confidence, comfort and connectivity; set to go on sale in U.S. in 2021 with a $40,000 starting price NASHVILLE, Tenn. – Nissan today introduced the all-new Nissan Ariya, an electric crossover SUV that lets customers travel up to approximately 300 miles per charge (preliminary Nissan estimate for long-range 2WD model) while enjoying greater driving excitement, confidence, comfort, and connectivity.
      Its debut marks a key milestone in the Nissan NEXT transformation initiative, a four-year plan building on Nissan's reputation for innovation, craftsmanship, customer-focus and quality, alongside an ongoing cultural transformation. As the company's first all-electric crossover SUV, the Ariya embodies the company's vision to enrich people's lives.
      Representing the pinnacle of Nissan's technologies and design, the 100% electric Nissan Ariya debuted during a digital event in Yokohama. Ariya promises powerful acceleration and smooth, quiet operation and advanced driver assistance and connectivity technology– wrapped in a sophisticated yet simple exterior design with a spacious, lounge-like interior.
      CEO Makoto Uchida and Chief Operating Officer Ashwani Gupta unveiled the Ariya to a global audience during a livestreamed event at the new Nissan Pavilion in Yokohama, Japan.
      "The Ariya, a key model in Nissan's plan to roll out 10 new models in 20 months, demonstrates our commitment to meeting customer demand for crossovers with the most advanced electrified, automated and connected technologies," Gupta said. "The company expects sales of its EVs and e-POWER electrified models to be more than 1 million units a year by the end of fiscal 2023. The Ariya will play a significant role in attaining that goal."
      Nissan also aims to introduce advanced driver assistance technologies in more than 20 models in 20 markets, and to have sold more than 1.5 million vehicles equipped with these systems in that same period.
      The all-new Nissan Ariya is scheduled to go on sale in Japan in mid-2021, followed by the U.S. and Canada later in the year. U.S. pricing will start around $40,000.
      Powerful performance for a wide range of needs
      Nissan was the first automaker to introduce a mass market electric vehicle with the Nissan LEAF in 2010, which has resulted in nearly 500,000 sales to date. Building on Nissan's strength as an EV pioneer, the Ariya takes the powerful performance and capabilities of zero-emission vehicles to the heart of the electric vehicle market.
      The car's all-electric drivetrain combines excellent power delivery, charging capabilities and range. Customers can choose from multiple configurations to meet their individual needs. These include two-wheel-drive and new "e-4ORCE" all-wheel drive versions, as well as two different battery sizes. The e-4ORCE all-wheel control system balances the powerful performance with a smooth, comfortable ride and all-weather capability. The system's twin electric motors provide balanced, assured handling with sports car-level power.
      Advanced design and technology for stress-free driving
      Ariya is also the most advanced embodiment of Nissan Intelligent Mobility in a car to date.
      Drivers will feel more confident and less stressed thanks to the available, next-generation ProPILOT Assist 2.0 advanced driver assistance system that uses driver attention monitoring to enable hands-off single-lane highway operation. Ariya will also offer e-Pedal, which allows the driver to start, accelerate and decelerate using only the accelerator pedal.
      Standard across the Ariya lineup is Nissan Safety Shield® 360, a suite of six advanced active safety and driver-assist technologies. This includes Automatic Emergency Braking with Pedestrian Detection, Rear Automatic Braking, Lane Departure Warning, Blind Spot Warning, Rear Cross Traffic Alert and High Beam Assist. Ariya will also feature Nissan's Intelligent Around View Monitor, Intelligent Forward Collision Warning and other technologies aimed at making the drive easier and more enjoyable.
      A human-machine interface lets customers use natural speech to adjust car settings. Over-the-air firmware updates keep the Ariya feeling fresh and exciting. The Ariya also includes Amazon's Alexa to help customers simplify and organize their lives.
      Ariya will also feature wireless Apple CarPlay® and Android Auto™ standard to help drivers seamlessly integrate their smartphone into their vehicle experience.
      Spacious, flat-floor cabin
      The Ariya's striking looks represent Nissan's new design language, Timeless Japanese Futurism. It is characterized by a distinctive Japanese approach, conveyed in a simple yet powerfully modern way.
      Nissan's designers took advantage of the car's new EV platform, which allows for a flat floor, and its compact climate control components to give the Ariya a very spacious cabin. The lounge-like interior, featuring thin profile Zero Gravity seats, provides a welcoming and comfortable environment for driver and passengers alike.
      "Nissan was a pioneer in the world of mass-market electric vehicles a decade ago with LEAF, setting the standard for affordable, mass-market electric vehicles. We expect nothing less for the new Nissan Ariya," said Gupta. "While the driving exhilaration of its acceleration and torque levels is undeniable, the Ariya offers balanced, customer-centric technology that is perfect for everyday use."
      Nissan Ariya Key Specifications
      Passenger configuration
      2-row, 5-passenger
      Drive configuration
      Front-wheel drive or e-4ORCE all-wheel drive
      Platform
      Newly developed Alliance CMF-EV
      Powertrain
      Single (FWD) / dual (e-4ORCE AWD) electric motor, Externally Excited Synchronous Motor (EESM)
      Battery capacity
      63 kWh / 87 kWh usable (total 65 kWh / 90 kWh)
      Thermal management
      Active battery management system
      Estimated range
      Up to approximately 300 miles (preliminary Nissan estimate)
      Level 2 charging
      Up to 7.2 kW
      DC charging type
      CCS standard up to 130 kW
      Output
      160 kW – 290 kW
      Torque
      221 lb-ft – 443 lb-ft
      Wheelbase
      109.3 in.
      Overall length
      182.9 in.
      Overall width
      74.8 in.
      Overall height
      65.4 in. – 65.7 (depending on roof rack)
      Cargo volume
      16.5 cu ft (FWD)
      14.6 (e-4ORCE)
      Wheel size
      19-inch or 20-inch
      Tire size
      235/55R19 or 255/45R20
      Available interior features
      Lounge-like space created by flat, open floor and slim-profile Zero Gravity seats; large, minimalist instrument panel with integrated capacitive haptic switches; innovative center storage box with fold-out tray, adjustable center console
      Available Advanced Driver Assist (ADAS) Technology
      ProPILOT Assist 2.0 featuring hands-off highway operation with Driver Monitoring System
      Available safety technology
      Nissan Safety Shield® 360 with Automatic Emergency Braking with Pedestrian Detection, Blind Spot Warning, Rear Cross Traffic Alert, Lane Departure Warning, High Beam Assist and Rear Automatic Braking
      Model configurations
      Ariya standard and long range (FWD)
      Ariya standard range e-4ORCE and long range e-4ORCE (AWD)
      * NOTE: All specifications are as of July 2020 and are subject to homologation. Model names, features and specifications may vary by market. Subject to final validation.
    • By William Maley
      The COVID-19 pandemic has basically brought most of the world to halt. Orders to stay at home, businesses either having workers to their work from home or closing down, and unemployment skyrocketing is causing the economy to crater. There are efforts to try and jump-start the economy such as $1,200 stimulus checks. But an executive at Ford wants to see a return of a "cash for clunkers" like program.
      “We think some level of stimulus somewhere on the other side of this would help not only the auto industry and our dealers, which are a huge part of our overall economy, but will help the customers as well,” said Mark LaNeve, Ford’s vice president of U.S. marketing, sales and service to Bloomberg.
      “Cash for clunkers was very effective at that time. It would be nice to think we could have something equally as effective for 2020 when we get out of this because it was a great program.”
      According to LaNeve, internal discussions are taking place at Ford about doing a similar program and there are plans to bring the Government in to these talks.
      When asked by Automotive News about this, Ford spokeswoman Rachel McCleery said, "The auto industry is America’s economic engine.We are encouraging Congress to look at a variety of ways to drive job creation, increase demand, support customers and provide long-term stability for the entire auto ecosystem."
      A brief refresher on the Cash for Clunkers program. In 2009, the U.S. Government introduced a billion initiative called the Car Allowance Rebate System, which gave a voucher worth between $2,900 and $4,500 to anyone replacing a vehicle newer than 1984. Their old vehicle would be taken away and disposed of. The program was nicknamed Cash for Clunkers.
      On the surface, the program was a success. Within first month, all of the funds were exhausted. This prompted the U.S. congress infuse an addition two billion into the program, which would be all gone within 17 days. But begin to look deeper and the results are mixed. In 2012, a study published in the Quarterly Journal of Economics described the program as being a bit of a wash,
      "...the effect of the program on auto purchases is almost completely reversed by as early as March 2010 — only seven months after the program ended.”
      Other studies have come to the same conclusion.
      There's also the question of how many perfectly good used cars were taken off the road due to the program.
      Source: Bloomberg via Automotive News (Subscription Required), The Drive, The Truth About Cars

      View full article
    • By William Maley
      The COVID-19 pandemic has basically brought most of the world to halt. Orders to stay at home, businesses either having workers to their work from home or closing down, and unemployment skyrocketing is causing the economy to crater. There are efforts to try and jump-start the economy such as $1,200 stimulus checks. But an executive at Ford wants to see a return of a "cash for clunkers" like program.
      “We think some level of stimulus somewhere on the other side of this would help not only the auto industry and our dealers, which are a huge part of our overall economy, but will help the customers as well,” said Mark LaNeve, Ford’s vice president of U.S. marketing, sales and service to Bloomberg.
      “Cash for clunkers was very effective at that time. It would be nice to think we could have something equally as effective for 2020 when we get out of this because it was a great program.”
      According to LaNeve, internal discussions are taking place at Ford about doing a similar program and there are plans to bring the Government in to these talks.
      When asked by Automotive News about this, Ford spokeswoman Rachel McCleery said, "The auto industry is America’s economic engine.We are encouraging Congress to look at a variety of ways to drive job creation, increase demand, support customers and provide long-term stability for the entire auto ecosystem."
      A brief refresher on the Cash for Clunkers program. In 2009, the U.S. Government introduced a billion initiative called the Car Allowance Rebate System, which gave a voucher worth between $2,900 and $4,500 to anyone replacing a vehicle newer than 1984. Their old vehicle would be taken away and disposed of. The program was nicknamed Cash for Clunkers.
      On the surface, the program was a success. Within first month, all of the funds were exhausted. This prompted the U.S. congress infuse an addition two billion into the program, which would be all gone within 17 days. But begin to look deeper and the results are mixed. In 2012, a study published in the Quarterly Journal of Economics described the program as being a bit of a wash,
      "...the effect of the program on auto purchases is almost completely reversed by as early as March 2010 — only seven months after the program ended.”
      Other studies have come to the same conclusion.
      There's also the question of how many perfectly good used cars were taken off the road due to the program.
      Source: Bloomberg via Automotive News (Subscription Required), The Drive, The Truth About Cars
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