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Mercedes to step up cost cuts after earnings halve
German premium automaker Mercedes-Benz on Friday said third-quarter earnings in the core car division plunged by 64%, massively missing analysts' estimates, as Chinese consumers continued to cut back on luxury goods in a weakening economy.
Mercedes-Benz Revenue, Net Profit Seen Lower on China Woes -- Earnings Preview
Mercedes-Benz Group is scheduled to report results for the third quarter on Friday. Here is what you need to know. REVENUE FORECAST: The German luxury-car company's group revenue is expected at 36.29 billion euros ($39.
Mercedes Reports Profit Plunge On China Woes
German luxury carmaker Mercedes-Benz said on Friday its profits in the third quarter plunged by more than 50 percent, hit hard by weakness in the key Chinese market.
Mercedes-Benz to ramp up cost cutting after profit drops by 50%
Mercedes-Benz on Friday said it plans to ramp up cost-cutting efforts after its net profit halved in the third quarter amid weak demand in China. The German automaker cut its full-year profit margin twice during the third quarter,
18h
Mercedes pledges cost cuts after China slump hits margin
Mercedes-Benz Group AG plans to step up cost reductions after fierce competition and weaker demand in China hit the ...
11h
Mercedes EV Sales Plunge 31% In Q3, Sending Profits Into A Tailspin
That’s a ton of electric vehicles and they’re coming back to haunt the luxury brand as third quarter sales of EVs plummeted ...
9h
on MSN
Mercedes-Benz Earnings Slump on Tough Economic Backdrop, Fierce Competition
The luxury-car maker’s net profit halved in the third quarter and it said profitability in its main cars business was weaker ...
13h
Test-Driving A Mercedes-Benz 300 SEL 6.3, Steve McQueen’s Ideal Sedan
One drive in a 1971 Mercedes-Benz 300 SEL 6.3 at Monterey Car Week, almost a twin of Steve McQueen's favorite sport sedan, ...
21h
on MSN
Mercedes-Benz electric car sales plunge by a third as Chinese competition and stuttering demand hit home
The German carmaker said it had seen a 31% drop in sales of battery-powered cars from a year earlier as it reported its Q3 ...
17h
Bottas open to Mercedes return in reserve role
Valtteri Bottas has raised the possibility of returning to the Mercedes Formula One team in a reserve role if Sauber, the ...
11h
on MSN
6 Non-Mercedes Cars That Use Mercedes-AMG Engines
AMG has a longstanding reputation for building great engines, which have appeared in far more models than just those ...
3d
Mercedes’ patented steering may finally make EVs exciting to drive
Mostly, it's down to a switch from hydraulic to electric power-assisted steering—in many cases, the electric motor is placed ...
WBRE Wilkes-Barre on MSN
1d
Mercedes celebrates a century at Allied Terrance
A very special celebration took place Thursday afternoon in Lackawanna County. A big milestone calls for a big celebration ...
3d
Mercedes-AMG C 63 S E Performance: A 4-Cylinder PHEV Powered By F1
What did Mercedes-AMG learn from Formula One racing to power the daily driver? The electric-boosted 4-cylinder C 63 S E ...
1d
European Stocks Fall as Remy, Mercedes Earnings Disappoint
European stocks slipped on Friday, with underwhelming earnings from big names like Remy Cointreau SA and Mercedes-Benz Group ...
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