Mercedes-Benz Plans to Cut Jobs as Earnings Expected to Slump
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 outlines cost cuts with 2025 earnings seen lower
GERMAN luxury automaker Mercedes-Benz Group expects earnings to be significantly lower this year and will cut production costs to boost profitability. Read more at The Business Times.
Mercedes to cut costs as electric car sales plunge
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 flags cost cuts, tough year ahead after torrid 2024
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
Mercedes-Benz to cut costs and roll out more petrol and diesel cars despite Labour threats
A major car brand has revealed it will produce more petrol and diesel vehicles despite UK net zero plans and hit to its own profits. Mercedes-Benz said on Thursday it would initiate cost-cutting moves while also backing petrol and diesel cars through its new product range.
Mercedes To Cut Production Due To Bleeding EV Profits
Mercedes is slowing down in its bid to go fully electric as it plans to launch more new gasoline-powered models than EVs.
German carmaker Mercedes-Benz eyes turnaround as profits plunge
German luxury carmaker Mercedes-Benz on Thursday presented a plan to increase sales and cut costs, after annual earnings figures showed a significant decline in profits due primarily to weakening business in China.
Mercedes-Benz cuts costs, renews focus on combustion engine models in bid to revive earnings
Mercedes-Benz on Thursday announced further cost-cutting and more petrol and diesel cars than EVs in its new product range, ...
Mercedes-Benz Earnings Are a Bad Sign for EV Sales. What It Means for Ford, Tesla.
Mercedes-Benz stock fell in overseas trading after the German auto maker reported better-than-expected earnings but gave an ...
Mercedes-Benz CEO signals potential for more US investment
CEO Ola Källenius spoke to reporters after the company's quarterly earnings report and signaled the automaker is open to ...
Renault beats profit forecast, Mercedes braces for earnings drop
French automaker Renault reported a record operating profit for 2024 on Thursday (February 20), while German automaker ...
Mercedes-Benz Earnings to Take Back Seat to Strategy Update, New Targets -- Earnings Preview
REVENUE FORECAST: The German luxury-car company's group revenue is expected at 38.12 billion euros ($39.82 billion), according to a FactSet analyst poll, down from 40.26 billion euros in the fourth ...
Mercedes To Roll Out 19 New ICE And 17 EV Models That Will Ditch The Egg Shape By 2027
Bad EV sales performance has forced Mercedes to reinvest in traditional combustion powertrains and give all cars lookalike ...
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Mercedes-Benz Group reports decline in revenue and profit for 2024
Mercedes-Benz Group has reported revenue of €145.6bn ($151.9bn) for full year 2024, marking a 4.5% decrease from the €152.4bn ...
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Mercedes Estimates U.S Tariffs Against Europe Could Cost It $1 Billion
According to Wilhelm, a 10-percent tariff would cost Mercedes around $1 billion in lost earnings in a year from its exported ...
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Futures lower, Walmart to report, Mercedes-Benz earnings - what's moving markets
Walmart earnings ahead Walmart is due to report its earnings prior the opening bell on Wall Street, in one of the most highly ...
Mercedes warns car margin may slump to lowest since 2020
Mercedes-Benz Group AG expects its carmaking margin to drop to as low as 6% this year as it grapples with fierce competition ...