Global Autos Driver: Global Autos Newsflow & Research

Europe Equity Research, J.P. Morgan, Global Autos Driver - Global Autos Newsflow & Research. Mercedes-Benz is seeking to save €800 million in staffing costs in Germany, according to WiWo. Bentley has unveiled its first fully electric model, the Torcal luxury SUV, featuring pure Merino-wool trim as it targets higher profitability and a foothold in the high-end EV market; the Torcal will start at £173,000 in the UK, making it Bentley's cheapest model. China-based automakers could sell up to 1.7 million cars annually in the U.S. by 2038 if restrictions are loosened, according to Mobility Global, about 11% of the market. Fully electric car registrations in Europe jumped 52% in August yoy, according to the European Automobile Manufacturers' Association, helped by higher fuel prices; through August, more than one in three vehicles sold had a plug, up from just over one in four.