Up to 25 percent of cars may soon be fully electric, says Mercedes-Benz USA CEO after automaker invests $1 billion in electric vehicle production. Mercedes-Benz USA CEO Jason Hoff told CNBC on Friday that the automaker's midterm predictions show that up to 25 percent of cars may soon be fully electric. "Some of the midterm horizons that we look at show maybe 15 to 25 percent [of cars] being full electric," the CEO told "Closing Bell." "That's why we believe it's really critic

Considering these disparate pressures on costs, there is no easy formula that OEMs or suppliers can use to improve their return on capital. The solution will likely come from a combination of actions. Part of the answer lies in consolidation, which reduces industry capital requirements by eliminating competition and combining two manufacturing and design footprints into one. To a degree, these goals explain 2016’s robust supplier M&A volume, continuing the trend of the previo

Germans automakers - Audi, BMW, Mercedes - Porsche - continue to dominate China's 1.8 million million per annum luxury market. They take just under 80% of all premium sales. But Cadillac and Lincoln are gaining traction as fresh alternatives to the ubiquitous German marques. GM produces Cadillac XT5s, ATSs and other sedans at a new billion-dollar plant in Shanghai with its Chinese partner the Shanghai Automotive Industry Corporation. Lincoln imports its full set of offerings