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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 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, 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-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,
16m
Mercedes EQS SUV features: Active range monitoring, memory parking combine luxury with innovation
The Mercedes EQS-SUV offers up to 809 km all-electric range, fast charging to 80% in 31 minutes, and luxurious design with ...
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 ...
Motorsport Week
34m
Lewis Hamilton explains ‘night and day’ Mercedes change after F1 Singapore GP qualifying
Lewis Hamilton explained the changes for Mercedes between practice and qualifying for the Formula 1 Singapore Grand Prix were ...
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 ...
1d
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, ...
TopSpeed on MSN
3d
10 Mercedes-Benz Models You Should Buy Used
Kicking off our list is the latest redesign of Mercedes' mid-sized SUV, the GLE. The fourth generation of this German SUV ...
3d
on MSN
Hollyoaks to provide big Mercedes update amid cancer ordeal
Hollyoaks will provide a big update on the health of Mercedes McQueen after it was revealed that she has been diagnosed with ...
GPFans on MSN
2d
Mercedes to unveil COMPLETELY NEW car design for next F1 race
The Brackley-based outfit have experienced a tumultuous year, starting with the shock news in February that their star driver ...
1d
on MSN
Mercedes Cuts Earnings Outlook as Auto Sales in China Falter
Mercedes-Benz Group AG cuts its financial forecast for the year as the luxury-car maker cited a rapid deterioration of its ...
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