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Mercedes-Benz cuts margin outlook on weak Chinese market, shares fall
Mercedes-Benz cut its full-year profit margin target for the second time in less than two months, hitting European auto stocks as it joined a growing number of rivals that are blaming a weakening Chinese car market,
Mercedes-Benz cuts guidance on slump in China’s economy
Mercedes-Benz Group shares fell 8% on Friday after the German carmaker made another cut to its full-year guidance, citing a slowdown in car sales caused by a slump in China’s economy. The Stuttgart company said the cut to its outlook,
Mercedes-Benz Group Cuts Full-Year Outlook, Citing Macroeconomic Deterioration
The German luxury carmaker said the move was triggered by the further deterioration of the macroeconomic environment, specifically in China.
Mercedes shares slump over 6% after carmaker cuts 2024 guidance on weak China demand
Mercedes shares fell more than 8% Friday after the German carmaker cut its 2024 guidance on the back of weaker demand from China.
Mercedes-Benz and Beijing Benz to recall a total of 523,094 vehicles in China
Mercedes-Benz and its Chinese joint venture with BAIC Motor will recall a total of 523,094 imported and domestically manufactured vehicles in China over potential safety hazards, China's market regulator said on Friday.
Mercedes cuts profit margin target again
Reuters said Mercedes shares fell to their lowest level in nearly two years after the profit warning disclosed late on Thursday and were the top decliners among European auto stocks. Economic weakness in China as well as a local real estate crisis has severely hit demand,
Mercedes-Benz shares fall after profit warning
Chief executive Ola Källenius told analysts on Friday that the company’s issues stemmed “mainly [from] China” but added that in other markets, such as Europe, Mercedes-Benz was also still feeling “the [impact] of higher interest rates”.
35m
Mercedes-Benz removes advertisement over unsafe driving complaint
Luxury vehicle company Mercedes-Benz has discontinued an ad after being accused of promoting dangerous and illegal driving.
2d
I drove an $88,000 Mercedes-Benz sedan. These 21 features make it one of the most high-tech luxury cars money can buy
I drove the 2024 Mercedes-Benz E450 4Matic sedan and was impressed by its mild-hybrid engine, refined cabin, and immersive ...
TopSpeed
8h
The Real Story Behind Mercedes-Benz’s 600-Mile Solid-State Battery
Mercedes could be selling battery-electric cars with ranges of over 600 miles by the end of the decade, thanks to a new solid ...
4m
A Mercedes-Benz Fire May Cloud Korea’s EV Transition
A Mercedes-Benz electric vehicle that burst into flames in the South Korean city of Incheon has fueled public fear over the safety of battery-powered cars in recent months.
DPA International on MSN
2d
German auto giant Mercedes-Benz recalls half a million cars in China
German auto giant Mercedes-Benz is recalling more than half a million cars in China due to a technical defect. The Chinese ...
5d
on MSN
Mercedes-Benz Sells Out of China EV Maker as Luxury Spending Drops
Mercedes-Benz has sold its remaining 10% stake in premium EV and hybrid maker Denza to BYD in the wake of disappointing sales ...
Falcons Wire
2d
Falcons to open Mercedes-Benz Stadium roof for SNF game vs. Chiefs
The Atlanta Falcons don’t generally open the roof at Mercedes-Benz Stadium unless it’s a special occasion, however, Sunday ...
6d
on MSN
Mercedes-Benz EQA review: The electric GLA lags behind EV rivals
The Mercedes-Benz EQA is looking a bit uncompetitive these days. It’s still a nice EV experience, and the range is good, but ...
1d
Mercedes-Benz and Roger Federer Unveil Latest Neon Legacy Give Back Project
Mercedes-Benz and tennis legend Roger Federer have unveiled their latest Neon Legacy project in Berlin, continuing their ...
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