Mercedes-Benz Group AG (MBGAF)
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Mercedes-Benz electric car sales plunge by a third as Chinese competition and stuttering demand hit home
Europe's automakers are reeling from plunging EV sales and brutal competition in China. Mercedes-Benz became the latest to sound the alarm on Friday, posting a 31% drop in EV sales in its Q3 earnings.
Mercedes unveils slump in profit slumps on weak demand globally
Mercedes-Benz Group has said sluggish demand globally prompted a 54% drop in profit over the third quarter. Net profit fell to €1.72 billion (£1.44 billion) over the three months to September, the luxury carmaker said on Friday, on the back of a 7% drop in revenue to €34.53 billion.
Mercedes car earnings plunge 64% in Q3 on weak luxury demand in China
German premium automaker Mercedes-Benz on Friday said third-quarter earnings in the core car division plunged by 64% as Chinese consumers continued to cut back on luxury goods off the back of a weakening economy.
Giuliani ordered to hand over NYC apartment, Mercedes, luxury watches to defamation victims
Former Donald Trump attorney Rudy Giuliani must give up a slew of valuables as part of the nearly $150 million judgement he owes two women he defamed, a federal judge ruled. The list of treasures includes items signed by Yankees baseball legends Joe DiMaggio and Reggie Jackson, a diamond ring, a Mercedes-Benz and more than two dozen watches.
Mercedes-Benz makes job cuts at cloud-focused R&D office in Seattle
Mercedes-Benz laid off an unspecified number of employees from the Seattle office of its North American research and development arm, the company confirmed Wednesday.
Mercedes-Benz cars sales dips in Q3 on weaker demand
Mercedes-Benz saw a slight drop in cars sales in the third quarter as weaker demand, particularly in Asia, outweighed improved product availability, the carmaker said on Thursday.
LG Energy Solution to supply EV batteries to Mercedes-Benz affiliate in North America
South Korea's LG Energy Solution said on Tuesday it signed a deal to supply electric vehicle batteries to a Mercedes-Benz affiliate in North America and other regions.
Mercedes-Benz USA to recall over 27,000 vehicles over risk of engine stall, NHTSA says
Mercedez-Benz USA is recalling more than 27,000 vehicles due to a potential risk of the engine control unit (ECU) software causing the engine to overheat or stall, the National Highway Traffic Safety Administration said on Friday.
China urges 'active' role by Mercedes-Benz in auto sector co-operation
The head of China's powerful state planner met Ola Kallenius, chairman of the management board of Mercedes-Benz in Beijing, the agency said on Friday.
Mercedes-Benz rating lowered as flurry of profit warnings hits German auto sector
The European auto landscape has been hit with a flurry of profit warnings of late, leading equities analysts to moderate their outlook on the sector in the year ahead. On a one-two punch for Germany's car manufacturers, Mercedes last week warned of lower sales ahead, barely a week after BMW delivered a similarly cautious warning.
Mercedes-Benz to accelerate autonomous driving on German autobahns
Mercedes-Benz said its cars equipped with its automated driving system will be upgraded to drive autonomously at up to 95 kilometres per hour on German motorways in certain conditions.
Mercedes-Benz cuts guidance on slump in China's economy
Mercedes-Benz shares fell 8% on Friday morning as the company cut its guidance for the second time since July
