"Daimler shareholders worried over Tesla and electric carmakers"

[Adm]

Financial Times: http://goo.gl/jVwSS7 (paywall)

Several shareholders asked Daimler management about Daimler's plans to build an answer to Tesla. Of course Daimler management says everything is going to be oke.

Google the article title to avoid the paywall.

 

[SCW-Greg]

Great read...

Daimler shareholders worried over Tesla and electric carmakers - FT.com

Loved this (failed) closing remark...
(Manfred Bischoff, Daimler chairman) '...He called it “a balancing act” for Daimler to innovate in technologies including self-driving cars, while also maintaining its strength as a leader in traditional, premium cars.'

 

[MSullivan]

I have been saying for years that the high end (mostly German) automakers should be very concerned. Surely every Model S and X sold is lost sale for them.
The 3 is a different story. Assume only a 1/3 of those orders are filled. That is 100,000 lost sales for Mazda, GM, Ford, etc.

 

[SCW-Greg]

I have been saying for years that the high end (mostly German) automakers should be very concerned. Surely every Model S and X sold is lost sale for them.
The 3 is a different story. Assume only a 1/3 of those orders are filled. That is 100,000 lost sales for Mazda, GM, Ford, etc.

Agree, but also, C Class, 3 series, and A4 too.