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Mercedes-Benz, China
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 Slumps After Warning China Rout Is Hurting Profits
Mercedes-Benz Group AG Chief Executive Officer Ola Källenius pledged he’ll do whatever it takes to bolster returns after the luxury-car maker warned on profit over sluggish sales in China.
Mercedes-Benz Slashes Profit Target Again, Blaming Slowing China Market
Mercedes-Benz’s profit outlook has taken a hit as China’s luxury car market slows. Shares plummet 7.5%. Mercedes-Benz has joined a growing chorus of automakers facing headwinds in China,cutting its full-year profit margin target for the second time in less than two months.
19h
on MSN
Mercedes CEO Seeks Softer CO2 Emissions Rules, Handelsblatt Says
Benz Group AG called for an easing of emissions rules and is backing Mario Draghi’s proposals to boost European ...
6d
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 ...
Automotive News
3d
Mercedes slashes outlook in latest blow to German industry
Adjusted returns from Mercedes' main cars unit are now expected in a range of 7.5 to 8.5 percent, compared with a prior ...
3d
Mercedes cuts profit margin target again
"Mercedes cuts profit margin target again" was originally created and published by Just Auto, a GlobalData owned brand.
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 ...
Automotive News
2h
Mercedes CEO Ola Kallenius seeks softer CO2 emissions rules, report says
Kallenius said the automaker agrees with the position of the ACEA European lobby group that calls for "urgent action" ahead ...
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