cloudyn.png
Thursday September 19th, 2019 2:42AM

The Latest: BMW gives glimpse of future offerings

By The Associated Press

FRANKFURT, Germany (AP) — The Latest on the Frankfurt auto show (all times local):

2:50 p.m.

BMW's marketing chief says giving customers a broad choice among internal combustion, hybrid and battery-powered cars is the right approach to a changing market.

Pieter Nota says the Munich-based luxury automaker delivers "power of choice" to consumers by offering "the drive train that they want and need." The company will add a battery-only version of its X3 SUV next year to round out conventional and hybrid versions of the vehicle. BMW is even showing off a concept car powered by hydrogen fuel cells.

BMW is relying on the mix of vehicles to comply with tighter C02 emissions requirements in Europe while competitor Volkswagen is making a big push into battery-only cars with its ID.3 coming to market next year despite currently low uptake by consumers of battery-powered cars.

___

2:25 p.m.

Daimler's Mercedes-Benz is showing off a long, sleek battery-powered concept vehicle that could join the luxury carmaker's model lineup alongside its S-Class flagship sedans.

The Vision EQS is the latest version of the company's EQ series of battery vehicles, which are a key theme at the Frankfurt Motor Show.

CEO Ola Kallenius said: "What we showed today is the first large-platform sedan, fully electric on a dedicated platform, so we think we can capture even more customers through having a wider offer."

The concept, with a black LED display instead of a grille, slightly bulging wheel wells and a long, sweeping illuminated line running along the vehicle, is "a hint" of what the production car might eventually look like.

The company says the four-seater car has two electric motors that accelerate it to 100 kph (62 mph) in 4.5 seconds and an exceptional battery range of 700 kilometers (435 miles.) Kallenius declined to specify how the company achieved range beyond what other electrics currently offer.

___

12:30 p.m.

Ford Motor Co. says that more than half of its European sales will be electric-powered by 2022 as it unveils a premium model of its Puma crossover that uses recovered braking energy to boost acceleration.

Ford showed off the Puma Titanium X on Tuesday at the Frankfurt Motor Show. The vehicle is a so-called mild hybrid, meaning it can store energy from braking and coasting in a 48-volt lithium-ion battery and send that power to the wheels to assist the gasoline engine when needed.

Ford, which got a late start in developing electric vehicles, last year sold 974,856 passenger vehicles overall in Europe.

It says it will have a battery-only SUV based on the Mustang in 2020. In the meantime it is offering plug-in hybrids that combine battery power with internal combustion engines to lower emissions and increase mileage. Like all automakers, Ford is facing stricter European Union limits on average emissions of carbon dioxide starting in 2021 and must find a lower emission vehicle mix to avoid fines.

___

11:50 a.m.

Volkswagen CEO Herbert Diess says his company's massive scale will enable it to make profits on large numbers of affordable electric cars it aims to sell in the next several years.

Electric competitor Tesla has not yet turned a profit while analysts say fellow German automaker BMW has lost money on its i3 electric.

Diess told The Associated Press on Tuesday: "Our approach is different. We come with high volumes, we come with a dedicated platform that is only for electric cars, and we generate a lot of scale because we are investing at the same time in China, in Europe, and in the US."

Volkswagen is showing off the ID.3 at the Frankfurt Motor Show, a battery-powered compact with a base price under 30,000 euros ($33,000). Volkswagen aims to have 40% of its sales as electrics by 2030 even though such cars are currently less than 2% of the market in Europe.

___

7:01 a.m.

The headwinds buffeting the auto industry are making themselves felt at the Frankfurt Motor Show, with companies confronting a slowdown in sales due to global trade uncertainty and pressure from governments to lower emissions of air pollutants and greenhouse gases.

Signs of the times at this year's show include a slew of new, market-ready electric cars led by Volkswagen's ID.3 compact that aim to reduce greenhouse gas emissions. There will also be protests from cyclists, environmentalists and industry critics who want a more pedestrian- and bicycle-friendly transportation policy, and efforts by the auto executives to engage those critics in discussion.

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Corporate News, AP Business - Industries, AP Business - Utilities
© Copyright 2019 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
The Latest: 12 killed in Iraq during Ashoura procession
Iraqi security officials say at least 12 people have been killed when part of a walkway collapsed during Ashoura commemorations in the Shiite holy city of Karbala
9:12AM ( 13 minutes ago )
The Latest: Slovenia police find 46 migrants in van, forest
Police in northeastern Slovenia say 40 migrants were discovered packed inside a van and another six who couldn't fit inside the vehicle were found in a forest nearby
9:03AM ( 23 minutes ago )
Boris Johnson lost Parliament but he could win a UK election
Prime Minister Boris Johnson has lost Parliament but he still could win a UK election
9:02AM ( 23 minutes ago )
Associated Press (AP)
The Latest: Mercedes shows off sleek electric concept car
Daimler's Mercedes-Benz is showing off a long, sleek battery-powered concept vehicle that could join the luxury carmaker's model lineup alongside its S-Class flagship sedans
8:23AM ( 1 hour ago )
Officials defend plan to end govt control of Fannie, Freddie
Trump administration officials to go before Congress to defend their plan for ending government control of Fannie Mae and Freddie Mac, the mortgage finance companies that nearly collapsed and were bailed out at a cost to taxpayers of $187 billion
8:03AM ( 1 hour ago )
Trump tells rally crowd: Vote for Bishop in special election
President Donald Trump says North Carolina's special House election is the right vehicle to send a message to Democrats
7:37AM ( 1 hour ago )
AP Business
Big Tech faces a new set of foes: nearly all 50 US states
Big tech companies have long rebuffed attempts by the U.S. federal government to scrutinize or scale back their market power, but they have a scrappy new coalition to contend with: nearly all of the 50 states
5:03AM ( 4 hours ago )
Saudi Aramco CEO signals local listing coming 'very soon'
Saudi Aramco's CEO says company ready, local listing on the kingdom's stock exchange to happen 'very soon'
4:51AM ( 4 hours ago )
Global shares mixed as investors look to rate decisions
Global shares are mixed after a day of listless trading on Wall Street as investors awaited signs on global interest rates
4:29AM ( 4 hours ago )
AP Business - Corporate News
India, Nepal open cross border oil pipeline
The leaders of India and Nepal have inaugurated South Asia's first cross country oil pipeline, allowing the Himalayan nation of Nepal to receive an uninterrupted supply of oil from its large southern neighbor
5:34AM ( 3 hours ago )
Asian shares mixed as investors look ahead to rate decisions
Asian shares are mixed after a day of listless trading on Wall Street as investors awaited signs on global interest rates
1:58AM ( 7 hours ago )
Oil drilling plan near Utah monument draws tribal opposition
Oil drilling plan near Utah monument draws tribal opposition
6:57PM ( 14 hours ago )
AP Business - Industries
New Saudi energy minister urges producers to share burden
New Saudi energy minister says producers should 'share responsibility' to balance oil market ahead of OPEC meeting
9:17AM ( 1 day ago )
UN atomic watchdog confirms Iran installing new centrifuges
The United Nations' atomic watchdog has confirmed that Iran is preparing to use more advanced centrifuges, another breach of limits set in the country's unraveling nuclear deal with major powers
8:14AM ( 1 day ago )
NKorea mobilizes after typhoon as Tokyo gets hit by storm
North Korean state media are urging citizens to "fully mobilize" to rebuild after powerful Typhoon Lingling lashed the country over the weekend
5:52AM ( 1 day ago )
AP Business - Utilities
The Latest: 12 killed in Iraq during Ashoura procession
Iraqi security officials say at least 12 people have been killed when part of a walkway collapsed during Ashoura commemorations in the Shiite holy city of Karbala
9:12AM ( 14 minutes ago )
The Latest: Slovenia police find 46 migrants in van, forest
Police in northeastern Slovenia say 40 migrants were discovered packed inside a van and another six who couldn't fit inside the vehicle were found in a forest nearby
9:03AM ( 23 minutes ago )
Boris Johnson lost Parliament but he could win a UK election
Prime Minister Boris Johnson has lost Parliament but he still could win a UK election
9:02AM ( 24 minutes ago )
Focus in Georgia shifts to salvaging huge capsized ship
After the rescue at sea of four crewmembers trapped in a capsized cargo ship near a Georgia island, the U.S. Coast Guard says it's now focused on safety removing the vessel while protecting the environment
8:52AM ( 33 minutes ago )
The Latest: Trump calls NC vote 1st step to removing Pelosi
President Donald Trump is urging North Carolina voters to "take the first steps" toward removing House Speaker Nancy Pelosi
8:50AM ( 36 minutes ago )