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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 luxury-car maker warned on profit over sluggish sales in China.
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.
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,
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-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.
Mercedes-Benz trims 2024 core profit outlook again after China sales fall
Benz on Thursday cut its full-year profit margin for the second time in less than two months, after overall sales volume fell in China. The ongoing weakness of the Chinese market for luxury cars prompted the Stuttgart carmaker to trim its outlook after having already done so as recently as July.
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.
13m
on MSN
Mercedes, BMW Flash Warning Lights on China
Top-end German carmakers have joined expensive French handbags among the products hit by weak consumer sentiment in the ...
1h
Mercedes’ China motor hits one of two roadblocks
Mercedes-Benz’s all-important China motor is sputtering. The $64 billion luxury carmaker warned of collapsing earnings and ...
3h
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 ...
Jacaranda FM
3h
Mercedes stock falls after new profit warning
German auto manufacturer Mercedes-Benz fell sharply on the Frankfurt Stock Exchange on Friday after the group lowered its ...
Just Auto
2h
Mercedes cuts profit margin target again
Mercedes-Benz has cut its full year profit margin target for the second time in less than two months, joining a growing ...
Fort Morgan Times
23h
Auto review: The 2024 Mercedes-Benz eSprinter electric van is a barn-dominium that hauls big loads
To which I reply, “One of the new
Mercedes
electric vehicles.” “Is it roomy?” “Oh, yeah, lots of space. It’s like a bus ...
2d
on MSN
Hollyoaks to provide big Mercedes update amid cancer ordeal
Hollyoaks will provide a big update on the health of Mercedes McQueen after it was revealed that she has been diagnosed with ...
14h
Mercedes Moné Addresses Rumors of Megan Thee Stallion Appearing in AEW
AEW star Mercedes Moné has been trying to work with chart-topping rapper and songwriter Megan Thee Stallion for quite some ...
12h
Mercedes-AMG GT 63 Motorsport Collectors Edition: A 603-hp, F1-inspired coupe – discover what makes it extraordinary
Mercedes-AMG announces the GT 63 Motorsport Collectors Edition. A stunning fusion of F1 flair, speed, and exclusivity, ...
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