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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 luxury-car maker to cut its outlook.
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, 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 country.
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 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”.
Mercedes Recalls Over 500,000 Vehicles in China Over Potential ABS Failures
Mercedes-Benz has announced a major recall in China affecting over 500,000 vehicles due to a technical fault. Begins November 27. The issue stems from a defective wheel speed sens
14h
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 ...
15h
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 ...
ジャパンタイムズ
51m
A Mercedes-Benz fire could cloud South Korea’s EV shift, or give it a boost
Seoul's push for battery-supplier transparency and parking lot safety could pave the way for a more resilient environment for ...
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 on MSN
14h
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 ...
gpfans
9h
Hamilton F1 commitment CANCELLED as Mercedes release statement
Lewis Hamilton has had an F1 commitment cancelled at the Singapore Grand Prix following confirmation from Mercedes via a ...
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 ...
Motorsport Week
10h
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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