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 country.
Mercedes Slumps After Warning China Rout Is Hurting Profits
Mercedes-Benz Group AG shares fell the most in four years after a deepening slowdown in China prompted the world’s biggest luxury-car maker to cut its 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 shares fall after profit warning
Chief executive Ola Källenius told analysts on Friday that the company’s issues stemmed “mainly [from] China” but added that in other markets, such as Europe, Mercedes-Benz was also still feeling “the [impact] of higher interest rates”.
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’ 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 free cash flow this year, as a real estate bust in the People’s Republic means less demand for upmarket rides.
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.
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Toto Wolff addresses McLaren wing ‘game’ as Mercedes ‘priority’ confirmed
Mercedes boss Toto Wolff said that, "naive or not", they played no part in the saga over McLaren's 'mini-DRS' rear wing.
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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 ...
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 ...
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Mercedes to unveil COMPLETELY NEW car design for next F1 race
The Brackley-based outfit have experienced a tumultuous year, starting with the shock news in February that their star driver ...
Mercedes-Benz Sells Out of China EV Maker as Luxury Spending Drops
Mercedes-Benz has sold its remaining 10% stake in premium EV and hybrid maker Denza to BYD in the wake of disappointing sales ...
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Lewis Hamilton Explains Mercedes is a “Bit Lost” in Singapore
Dejected with the performances after FP1 and FP2 in Singapore, Lewis Hamilton claims Mercedes has lost its way in the ...
Mercedes cae tras advertir que crisis china afecta sus ganancias
Las acciones de Mercedes-Benz Group AG registraron la mayor caída en cuatro años después de que una desaceleración cada vez ...
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, ...