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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
The German luxury carmaker said the move was triggered by the further deterioration of the macroeconomic environment, specifically in China.
BYD Moves to Full Control of Mercedes-Benz Venture in China
Chinese automaker BYD Co. has moved to fully control a joint venture it had in China with Mercedes-Benz Group AG, as an increasing number of foreign carmakers dial back their exposure to the world’s biggest auto market.
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 China.
Mercedes cuts profit margin target again
Reuters said Mercedes shares fell to their lowest level in nearly two years after the profit warning disclosed late on Thursday and were the top decliners among European auto stocks. Economic weakness in China as well as a local real estate crisis has severely hit demand,
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”.
ConsumerAffairs
4h
Mercedes-Benz issues two recalls for engine supports and door latches
Mercedes-Benz is recalling certain 2024 GLC 300 and AMG GLC 43 vehicles. The integral carrier that supports the engine may ...
13h
on MSN
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 ...
3d
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 ...
TopSpeed on MSN
1d
The Real Story Behind Mercedes-Benz’s 600-Mile Solid-State Battery
Mercedes could be selling battery-electric cars with ranges of over 600 miles by the end of the decade, thanks to a new solid ...
Miami's Community Newspapers
1d
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 ...
Falcons Wire
3d
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 ...
2d
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 ...
3d
Mercedes-Benz kassiert Gewinnprognose: Fünf Themen des Tages
Abonnieren Sie unseren Newsletter Fünf Themen des Tages und erhalten Sie sonntags das Hauptstadtgeflüster direkt in Ihre ...
Auto News India
8h
A Mercedes-Benz fire may cloud South Korea’s EV transition journey
The Mercedes-Benz electric vehicle fire caused widespread anxiety over EVs in South Korea, a phenomenon dubbed as EV phobia ...
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