Mercedes-Benz Group AG reported on Wednesday that its revenue in the first quarter of fiscal 2025 declined 7% to €33.2 billion, down from €35.9 billion a year earlier.
Net profit dropped sharply by 43% to €1.73 billion, compared with €3.03 billion in the same period last year. Earnings per share also...
Mercedes-Benz Group AG introduced on Tuesday a new all-electric luxury limousine model called "Vision V."The German automaker announced a new era for Mercedes-Benz Vans with "the modular, flexible and scalable Van Electric Architecture (VAN.EA)," starting in 2026. Taking the private aspect of...
Mercedes-Benz USA announced that Adam Chamberlain will succeed Dimitris Psillakis as the chief executive officer (CEO). He will also become the head of marketing and sales, the company said in a statement."We’re excited to welcome Adam back to Mercedes-Benz. Adam is a proven executive with...
Mercedes-Benz Group AG will no longer be producing Citan and T-Class models, Automobilwoche reported on Friday. According to the media outlet, the two models will be discontinued by the middle of 2026. Meanwhile, Handelsblatt reported that the full electric versions of the brand, the eCitan and the...
Shares of European automakers tumbled on Friday as concerns and insecurity in the auto industry rose after United States President Donald Trump slapped 25% tariffs on all non-US-made vehicles.Following the announcement of auto levies, Stellantis NV decided to temporarily halt production at...
Various European automobile companies observed on Thursday a dip in the prices of their shares after United States President Donald Trump imposed a 25% tariff on all cars made outside the North American country. The European Automobile Manufacturers' Association (ACEA) then warned that the...
Mercedes Works Council has reached an agreement with the company's management on a cost-cutting program that includes job reductions, WirtschaftsWoche reported on Tuesday.According to the report, employees will be offered voluntary buyouts, but termination will only proceed if both...
Mercedes-Benz Group AG reported on Thursday that its revenue for the full fiscal year 2024 dropped 4% year-over-year, totaling €145.6 billion. In the twelve-month period, the German carmaker saw its net profit tumble by 30.8% to €13.6 billion, while its earnings per share plunged 24% to €10.19.In...
During this week, a slew of companies from across the globe are expected to release their latest quarterly results, with Chinese giants in the center of happenings.Alibaba, which surged over 68% on an annual basis, is to unveil its financial report on February 20, with analysts seeing the company's...
The European Automobile Manufacturers' Association (ACEA) has called on the EU to negotiate a trade agreement with the United States to prevent potential tensions. In a five-page letter sent Thursday to the Presidents of the European Commission and Parliament, as well as EU Ambassadors, the...
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