Mercedes-Benz stock (OTCMKTS: MBGAF) has experienced a relatively strong year thus far, with an increase of almost 7%, outperforming the S&P 500, which has remained approximately static year-to-date. The operating environment has been challenging for the company due to decreasing sales worldwide and the effects of U.S. tariffs.
Chrysler owner Stellantis and Mercedes-Benz withdrew their guidance for the year while Volkswagen said it was expecting profits at the low end of a previous range as automakers struggle to assess the impact of President Donald Trump's tariff policy.
The German luxury-car maker said Wednesday that its previously announced guidance would remain unchanged without any further tariff impact.
Mercedes-Benz on Wednesday reported lower profitability in its cars business in the first quarter and warned that tariffs could impact its full-year earnings, as trade tensions forced the luxury carmaker to scrap its outlook.
German carmaker Mercedes-Benz unveiled on Tuesday a new all-electric luxury limousine segment it called "Vision V" which it said marked the expansion of the top end of its vans portfolio.
Mercedes-Benz will end production of its Citan and T-class models, the Automobilwoche news outlet reported on Friday citing a document informing dealers about the decision.
German carmaker Mercedes-Benz said on Monday its first-quarter unit sales of cars and vans fell 7%, hit by declining demand in China and Europe.
Mercedes-Benz is weighing whether to withdraw some of its cheapest cars from the US market, including the GLA SUV, as it braces for a potential hit from President Donald Trump's proposed 25% auto tariffs, Bloomberg reported. The German carmaker has not made a final decision but is reviewing contingency plans, sources told the outlet.
Mercedes-Benz is considering withdrawing its least expensive cars from the US because President Donald Trump's auto tariffs would likely make their sales economically unfeasible, according to people familiar with the matter. Kailey Leinz reports.
Mercedes-Benz Group is considering withdrawing its least expensive cars from the U.S. as President Donald Trump's auto tariffs would potentially harm their sales, Bloomberg News reported on Tuesday, citing sources.
Mercedes-Benz is ramping up its US inventory to get ahead of a 25% tariff on imported vehicles set to take effect from April 3, according to Reuters, citing analyst notes from a recent investor call. Executives told analysts the company is building stock both at dealerships and at the wholesale level in anticipation of the added costs.
Mercedes-Benz is building up inventory levels in the U.S. at the wholesale level and at dealer lots to get ahead of tariffs due to be collected from April 3, executives told analysts on a call on Monday, according to notes by analysts.