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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
Mercedes-Benz Group lowered its full-year outlook, a move it said was triggered by the further deterioration of the macroeconomic environment, specifically in China.The German luxury car brand on Thursday said its cars unit is now expected to post an adjusted return on sales between 7.
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 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 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 Stock Falls After New Profit Warning
German auto manufacturer Mercedes-Benz fell sharply on the Frankfurt Stock Exchange on Friday after the group lowered its outlook on the back of weak sales in its key Chinese market.
Mercedes CEO Vows Moves to Boost Returns After Profit Warning
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.
1d
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 ...
21h
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 ...
DPA International on MSN
1d
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 ...
Falcons Wire
1d
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 ...
Miami's Community Newspapers
8h
Mercedes-Benz E 450 4Matic breaks mold for sports sedans
For generations, the E-Class has both defined and redefined the luxury sport sedan. With intelligent digital technology, a mild hybrid turbo inline-6, all-wheel drive and breathtaking style, the ...
4d
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 ...
5d
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 ...
Independent.ie
3h
Review: Can this €133k Mercedes-Benz AMG-EQE prove the carmaker can speed away from combustion engines?
AMG cars are always worth the wait, offering a glimpse of what’s possible when cost isn’t a constraint. Designed and built by ...
1d
Mercedes-Benz Group (MBGAF) Gets a Buy from RBC Capital
In a report released today, Tom Narayan from RBC Capital maintained a Buy rating on Mercedes-Benz Group (MBGAF – Research Report), with a ...
Business Times
2d
Mercedes-Benz, Porsche choose Singapore for high-profile global debuts
A LIMITED-EDITION Mercedes-Benz sports car made its global debut – not at Pebble Beach or Goodwood – but at Singapore’s ...
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