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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 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 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.
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 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-Benz shares fall as German carmaker lowers full year outlook
The German carmaker’s shares started Friday with an almost 7% drop as the company significantly cut its expected results for the full year because of weakness in Chinese demand for its vehicles. View
6h
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 ...
2h
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 ...
4h
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 ...
Daily Express
36m
Mercedes confirm Max Verstappen plan as George Russell put on notice at Singapore GP
Mercedes
’ head of communications Bradley Lord has confirmed that the team are chasing Max Verstappen’s signature ahead of ...
Planet F1
33m
Lewis Hamilton’s glum verdict on qualifying chances as Mercedes ‘lost’ on setup
Speaking to media after stepping out of the car, Hamilton didn’t hide the fact he was feeling quite uncomfortable with the ...
Motorsport Week
17m
Lewis Hamilton doubts Mercedes F1 will reach Q3 in Singapore
Lewis Hamilton has placed doubt on Mercedes even being able to progress to Q3 at Formula 1's Singapore Grand Prix ...
17h
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 ...
Gazette and Herald
17m
Mercedes drug driver caught on A350 banned for three years
A man who was caught drug driving on the A350 has been handed a lengthy disqualification. Louis Clifford, 26, of Harewood Road, Bristol, pleaded guilty to drug driving at Salisbury Magistrates' Court ...
2h
on MSN
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 ...
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