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Daimler unveils new flagship Mercedes model to boost earnings performance

The new S-class sedan shown off at ceremony in Hamburg

Gulf News

Frankfurt: Daimler AG has unveiled the newest version of its S-Class model from luxury Mercedes-Benz brand, a key part of the company’s effort to restore its earnings performance.

The new S-class sedan was shown off Wednesday at a ceremony in Hamburg, Germany. It has a taller grille that changes its exterior appearance, but the major emphasis was on the technology added to increase driver comfort and safety — and underline the Mercedes’ image as an advanced vehicle for the well-heeled.

The car will be important to the company’s efforts to improve earnings. First quarter profits fell 60 per cent to €564 million (Dh2.6 billion, $733 million) and the company had to abandon its profit estimate for the year.

“The S-Class has always been the signature model, the beacon model of Mercedes Benz as a brand,” analyst Christoph Stuermer at IHS Automotive said. “It is the most important model in terms of shaping the global brand image and propelling the success of the other models.”

Typically, the company puts technology in the S-Class that only later appears in other models. The car can process information from its 360-degree cameras and radar to help drivers steer within their lanes and keep the right distance to other cars, as well as avoid collisions at crossings. It can detect rough pavement ahead and adjust the suspension to keep the ride smooth.