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-Benz moves to cut costs, expects drop in earnings in 2025
German carmaker Mercedes-Benz launched on Thursday a cost-cutting plan to revive slumping sales and margins and battle stiff competition as it forecasts
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.
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 ...
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 ...
Yahoo Finance24d
Mercedes-Benz Group's (ETR:MBG) five-year earnings growth trails the 17% YoY shareholder returns
During five years of share price growth, Mercedes-Benz Group achieved compound earnings per share (EPS) growth of 25% per year. This EPS growth is higher than the 7% average annual increase in the ...
DZ BANK AG Reaffirms Their Hold Rating on Mercedes-Benz Group (MBGAF)
DZ BANK AG analyst Michael Punzet maintained a Hold rating on Mercedes-Benz Group (MBGAF – Research Report) today. The company’s shares opened ...
NBC Los Angeles2d
European markets head for higher open ahead of earnings reports
European markets are expected to open higher Thursday as investors prepare for earnings reports from a raft of major European ...
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 ...