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Mercedes, China
Mercedes Also Hit By Weak Sales, China Competition, Faltering EVs
Mercedes cut its profit forecast following BMW as German auto makers reel from slowing home sales, China competition and struggling EVs.
Mercedes’ China motor hits one of two roadblocks
Mercedes-Benz’s all-important China motor is sputtering. The $64 billion luxury carmaker warned of collapsing earnings and free cash flow this year, as a real estate bust in the People’s Republic means less demand for upmarket rides.
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 locally.
Mercedes Adjusts Sales Forecast, Cites Weak Demand in China, Real Estate Troubles
Mercedes-Benz shares dropped 8% Friday after the automaker cut its 2024 guidance, citing weak demand in China and ongoing trade tensions. The company expects earnings before interest and taxes to fall “significantly below” last year’s level.
Mercedes-Benz Exits China’s Competitive EV Market Amid Rising Local Competition
Mercedes-Benz has decided to exit the Chinese EV market, selling its joint venture stake to BYD, China’s largest EV manufacturer. Mercedes faced stiff competition from local Chinese automakers, who produce high-quality,
7h
Mercedes CEO Seeks Softer CO2 Emissions Rules, Handelsblatt Says
The chief executive of Mercedes-Benz Group AG called for an easing of emissions rules and is backing Mario Draghi’s proposals ...
2d
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 ...
2d
on MSN
Mercedes, BMW Flash Warning Lights on China
Top-end German carmakers have joined expensive French handbags among the products hit by weak consumer sentiment in the ...
2d
on MSN
Mercedes Slumps After Warning China Rout Is Hurting Profits
Mercedes-Benz Group AG shares fell the most in four years after a deepening slowdown in China prompted the world’s biggest ...
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
7h
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 ...
2d
on MSN
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, ...
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
BYD Moves to Full Control of Mercedes-Benz Venture in China
Chinese automaker BYD Co. has moved to fully control a joint venture it had in China with Mercedes-Benz Group AG, as an ...
Motorsport Week
4h
Mercedes admit to F1 strategy blunder with Lewis Hamilton in Singapore GP
Mercedes Team Principal Toto Wolff admitted the team got the strategy wrong for Lewis Hamilton in the Formula 1 Singapore ...
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