The luxury-car maker aims to slash production costs by 10% over the next couple of years, including shifting some manufacturing from Germany to lower-cost countries.

Mercedes-Benz stock fell in overseas trading after the German auto maker reported better-than-expected earnings but gave an outlook that doesn’t inspire the passion drivers might feel for a 300 SLR sports car.

Mercedes-Benz on Thursday announced further cost-cutting and more petrol and diesel cars than EVs in its new product range, in a bid to revive margins as the company braces for a sharp drop in earnings in 2025.

Mercedes-Benz cuts costs, boosts combustion engine focus after EV sales drop 25%, aiming to revive earnings amid global market challenges.

Mercedes-Benz has announced a cost-cutting drive as profits plunged by nearly a third amid a slowdown in its electric car business.

Mercedes-Benz on Thursday launched a fresh cost-cutting plan to revive sales and margins and battle stiff competition as the German carmaker forecast a big drop in earnings in 2025. Its car division reported a 40% slump in 2024 earnings as sales in the key Chinese and German markets took a battering.

Walmart earnings ahead Walmart is due to report its earnings prior the opening bell on Wall Street, in one of the most highly-anticipated quarterly reports of the week. Analysts are especially keen to hear how the ubiquitous chain that offers everything from retail goods to groceries views the state of the U.

Mercedes-Benz has warned that its profits will be “significantly” lower this year as the German carmaker battles a steep drop in demand. The warning came as the Stuttgart-based company reported that net profits fell 28 per cent to €10.

Benz's passenger car division on Thursday reported a 40.5% drop in annual earnings, and said it expected significantly lower earnings in 2025 for the group as it worked to boost competitiveness and cut costs.

Mercedes-Benz warned of looming cost cuts Thursday and gave a bleak outlook for 2025 after its profits plunged almost a third last year amid a slump in China and slowing