VENTURE CAPITAL POST

More than 137,000 people have submitted a $1,000 deposit for pre-order of Tesla’s recently unveiled electric car ‘Model 3’. The pre-booking figure suggests Tesla’s ability for achieving its pre-set goal for selling 5,000 cars by 2020. Following the revelation, Tesla stock has been witnessed to increase by 60% during extended hour trading on Wednesday.

Robots are the best performer in repeating predefined tasks while lags behind in adapting with changes. Offering changed features in versatile range of models appear as the trend for recent day’s automobile industry, where human surpasses robots. Following the industry trait, Mercedes-Benz has brought back humans in S-Class production replacing robots.

General Motors discontinued and then sold its Saab and Saturn brands. Ironically, it made an announcement today that these cars from both brands consist of parts that could explode from the Takata airbag. The said cars’ manufacturing date was way back 2003 and a total of 180,000 vehicles are recalled in the U.S. while 20,000 units are from Canada.

German auto giant Daimler is recalling 840,000 vehicles in the US after the Takata's airbag inflators issue came into light. The recall costs and repairing expenses will result in cash outflow of €340 million ($383 million) for Daimler. It's estimated that so far 14 automobile firms recalled about 24 million vehicles in the US.

Continental Automotive Systems has decided to recall almost 5 million vehicles worldwide after they detected flaws in air-bag deployment units. The supplier has already alerted its potentially affected customers and rolled out the recalling phase through automakers like Honda, Fiat Chrysler, and Mercedes-Benz.

Audi and Mercedes Benz, world famous German automakers have joined to express their interest for hydrogen fuel powered cell cars. Remaining one step ahead of Mercedes, Audi has already introduced its H-tron Quattro at the North American International Auto show, held at Detroit. Industry insiders assume, Mercedes, the lavish German carmaker will introduce its first hydrogen fuel cell car at the 2017 Frankfurt Auto Show.

The car is still in great condition and the features are updated and exceptional. The dealer bought the vehicle directly from the actor. This Schwarzenegger's classic car is now a hot item on eBay, waiting for its next rightful owner.

Mercedes-Benz outsells Audi in global market, thanks to the strong sales in China.

The 2017 Mercedes-Benz E-Class is given permission to test driverless cars in Nevada, making it the first “standard-production” vehicles to get public autonomous testing license in the state.

The Mercedes-Benz cars manufacturer Daimler had released its third quarter report for record sales and revenues. The car cited strong progress in Western Europe which is its biggest market, but its feat was surpassed by the sales it made in China.

Daimler AG's Mercedes-Benz truck, Actros, the world's first self-driving truck, had started its road test on Germany's public highway. Daimler plans to release the autonomous truck by 2020.

A trial program allowing unauthorized dealers to sell imported cars will be extended to the northern city of Tianjin, China's state media said on Sunday, as the government moves to rein in high-end car prices.

Carmaker Daimler on Saturday announced a partnership with mobile technologies company Qualcomm Inc. to explore wireless recharging of mobile phones in cars as well as recharging of electric cars without cables.

Daimler AG on Tuesday said it would expand its cooperation with partner Nissan Motor Co Ltd to develop a mid-sized pickup truck for Mercedes-Benz as the German premium automaker seeks to narrow its sales gap with rival BMW.

German carmaker Mercedes-Benz plans to launch a mid-sized pickup truck, expanding its premium brand into a lower-priced bracket in a bid to narrow the sales gap with arch rival BMW (BMWG.DE).