Mercedes-Benz is planning its own distinct line of electric vehicles, challenging BMW (OTCPK:BAMXF) and Tesla (NASDAQ:TSLA) in a bet that alternative fuel cars have the potential to become profitable. According to Bloomberg, Mercedes (OTCPK:DDAIF) will add two electric SUVs and two sedans and create a new sub-brand for the cars, though a name hasn’t been chosen yet.
