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 ...
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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 ...
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 ...
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 ...
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Mercedes Slashes Outlook as China Market Cools
Mercedes-Benz Group cut its financial forecast for the year due to a rapid deterioration of its business in China -- the company's biggest market. The Chinese market has cooled further, hurting sales ...
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 ...
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 ...
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 ...