ETC: Mercedes drastically reduces size of S-Class with new model cars

Filed under: Mercedes-Benz, Toys/Games

Mercedes-Benz S-Class scale models

Mercedes-Benz takes its all-new S-Class quite seriously, even by German standards. So it shouldn’t come as a shock that even a scale-model Sonderklasse is carefully crafted. The miniatures in question cover the 2014 S-Class and come courtesy of three brands, in three different sizes, and are available through the Mercedes-Benz Collection.

The largest, and not surprisingly priciest, model is a 1:18-scale (making it about 11.4 inches long) creation from Norev. It features 145 individual parts, with opening and closing doors, trunk, and hood. For those that like to play with their expensive toys, the Norev S-Class comes with gloves. Dropping down the line is a 1:43-scale from Schuco that sits at 4.5 inches long. Like the larger model, it has a sunroof, detailed headlights, and multi-spoke wheels. With 55 parts, the doors, hood, and trunk can’t be manipulated, but it does come on a stylish plinth, with a case. The smallest model is by Herpa, and is a tiny 1:87-scale (about 2.3 inches long) miniature. Only 26 parts are used, but like the Schuco, it comes on a plinth and with a case.

All three models come with a choice of three paints, with Diamond White Metallic available across the range. The Norev model adds Blue Anthracite and Iridium Silver, while the Schuco can be had in Diamond Silver and Magnetite Black. The Herpa, meanwhile, runs a mix of the two, with Blue Anthracite and Magnetite Black.

Pricing is only available in euros, and includes Germany’s 19-percent value added tax. The Norev is 79.90 euros ($106.06), the Schuco is 29.90 euros ($39.69) and the Herpa is 15.90 euros ($21.11, all conversions are today’s rates.) Scroll down below for a press release from Mercedes.

Continue reading Mercedes drastically reduces size of S-Class with new model cars

Mercedes drastically reduces size of S-Class with new model cars originally appeared on Autoblog on Thu, 01 Aug 2013 08:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Continue reading “ETC: Mercedes drastically reduces size of S-Class with new model cars”

Report: Fed reduces auto bailout loss forecast to $17B

Filed under: Government/Legal, Chrysler, GM, Earnings/Financials

stock listing monitors

The federal government spent roughly $86 billion in taxpayer money to bail out the auto industry. That’s a lot of Monopoly money, folks, and when the industry we know and love was at its weakest point, early projections suggested that that the U.S. government and American taxpayers would never see $30 billion of that money. But as the economy slowly crawls back to life and cars and trucks are beginning to move with greater regularity, those forecasts are being adjusted downward.

A few months ago the Treasury Department proclaimed that the industry could, if everything fell just so, lose only $8 billion by the time the dust settles. We’re now in October, and according to The Detroit News, the DoT is settling on a loss that looks a lot like $17 billion. That figure was revised downward from $24.3 billion due to increased optimism that the bailout of Ally Bank, the Cerberus-owned finance arm for both General Motors and Chrysler, wasn’t going to be as big of a cash drain as was originally expected.

The revised auto industry loss comes out of a 200-page report that details the overall plight of the $700 billion ($475 billion has been spent to date) Troubled Asset Relief Program. The report states that the U.S. government stands to lose a grand total of $29 billion of the $475 billion spent. That $29 billion number is definitely tentative, though, because a lot of the numbers are heavily dependent on the price of stocks at the time the federal government decides to sell.

For example, at the current price of AIG shares, the government would actually book a profit of $21.9 billion. The bank bailouts are said to have produced another $16 billion in profits, while the mortgage securities buys are currently underwater to the tune of $46 billion. The $29 billion figure could go further up or down based upon the price of the initial public offerings at General Motors and Chrysler. The government put $43 billion into The General in exchange for 60.8 percent of the company’s stock, and another $12 billion for a 10 percent stake in Chrysler. GM’s IPO is expected to open next month, though the feds aren’t expected to sell off all of its shares in the first offering. Industry watchers suggest that Chrysler’s IPO could happen in 2011.

[Source: The Detroit News | Image: Mario Tama/Getty]

Report: Fed reduces auto bailout loss forecast to $17B originally appeared on Autoblog on Wed, 06 Oct 2010 14:01:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments

Continue reading “Report: Fed reduces auto bailout loss forecast to $17B”