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Mercedes Cuts Earnings Outlook
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
Mercedes-Benz Group lowered its full-year outlook, a move it said was triggered by the further deterioration of the macroeconomic environment, specifically in China.The German luxury car brand on Thursday said its cars unit is now expected to post an adjusted return on sales between 7.
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.
Live news: Mercedes-Benz lowers full-year outlook on China’s economic ‘deterioration’
Mercedes-Benz lowered its full-year earnings outlook, blaming the weaker projections on China’s worsening macroeconomic conditions. The company on Thursday said its car division now anticipated the return on sales to be in the range of 7.
Mercedes Slashes Outlook as China Market Cools
Mercedes-Benz Group cut its financial forecast for the year due to a rapid deterioration of its business in China -- the company's biggest market. The Chinese market has cooled further, hurting sales of Mercedes' most expensive models like the S-Class and Maybach sedans.
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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 ...
17h
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 ...
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 ...
Falcons Wire
1d
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 ...
Miami's Community Newspapers
4h
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 mild hybrid turbo inline-6, all-wheel drive and breathtaking style, the ...
1d
Mercedes-Benz Group (MBGAF) Receives a Hold from DZ BANK AG
DZ BANK AG analyst Michael Punzet maintained a Hold rating on Mercedes-Benz Group (MBGAF – Research Report) today. The company’s ...
5d
Mercedes-Benz sees more Indian buyers choosing EVs as first luxury car
Mercedes-Benz is seeing a rise in the number of Indian buyers opting for electric vehicles as their first luxury car, the ...
1d
on MSN
Mercedes CEO Vows Moves to Boost Returns After Profit Warning
Mercedes-Benz Group AG Chief Executive Officer Ola Källenius pledged he’ll do whatever it takes to bolster returns after the ...
1d
Mercedes-Benz Group (MBGAF) Gets a Buy from RBC Capital
In a report released today, Tom Narayan from RBC Capital maintained a Buy rating on Mercedes-Benz Group (MBGAF – Research Report), with a ...
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