Daimler Takes Aim at Tesla "Its research and development chief said it's gearing up to spend about 10 billion euros ($11 billion) on a new range of electric models, including seven new Mercedes that will take direct aim at Tesla."
https://www.foxbusiness.com/markets/2016/11/29/daimler-takes-aim-at-tesla-motors-with-11-billion-for-mercedes-benz-electrics.html