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Europe automaker shares slump after Mercedes becomes latest to cut 2024 guidance
Mercedes shares fell more than 6% Friday after the German carmaker cut its 2024 guidance on the back of weaker demand from China.
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 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.
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 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 cuts profit margin target again
Reuters said Mercedes shares fell to their lowest level in nearly two years after the profit warning disclosed late on Thursday and were the top decliners among European auto stocks. Economic weakness in China as well as a local real estate crisis has severely hit demand,
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”.
2h
Mercedes and Red Bull could be about to do craziest deal F1 has ever seen
Russell has consistently held his own against seven-time world champion Lewis Hamilton since joining up with the Silver ...
1d
on MSN
Mercedes Cuts Earnings Outlook as Auto Sales in China Falter
Mercedes-Benz Group AG cuts its financial forecast for the year as the luxury-car maker cited a rapid deterioration of its ...
2d
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 ...
2d
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 ...
moneycontrol.com
32m
Mercedes seeks common platform for ease of EV charging
Luxury carmaker
Mercedes
-Benz India has pitched for a common platform to provide real-time information about all available ...
4h
Mercedes Gets Maharashtra Pollution Control Body Notice After Suprise Check
Luxury car maker Mercedes-Benz has received a notice from the Maharashtra Pollution Control Board, accusing it of violating ...
DPA International on MSN
1d
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 ...
7d
Test-Driving The 2024 Mercedes-Benz eSprinter
The sticker on the 2024 Mercedes-Benz eSprinter is $74,181. With all trims and options and depending on availability, you’ll ...
1d
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 ...
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