Mercedes-Benz Group AG said it would step up cost improvement measures after its carmaking margin dropped amid fierce ...
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Mercedes-Benz Group AG was once a standard-bearer ... the lucrative upscale end of the car market is feeling the heat from China. Manufacturers led by BYD Co. have opened a new front in the ...
Mercedes CEO Ola Källenius jumps behind the wheel of next year’s CLA and drops a few hints about the Tesla Model 3 rival ...
Mercedes-Benz will step up cost cuts after earnings halved in the third quarter hit by tepid demand and fierce competition in China, it said on Friday.
The poor results were due to a "challenging market environment and fierce competition, particularly in China", the auto manufacturer said. Mercedes chief financial officer Harald Wilhelm conceded ...
Mercedes-Benz on Friday said it plans to ramp up cost-cutting efforts after its net profit halved in the third quarter amid weak demand in China. The German automaker cut its full-year profit ...
A year earlier, it had been 12.4%. Mercedes is experiencing difficulties, particularly in China, because its expensive models are not performing as well as expected, and there is no improvement on ...
(Reuters) -Mercedes-Benz will step up cost cuts after earnings halved in the third quarter hit by tepid demand and fierce competition in China, it said on Friday. The luxury carmaker cut its full ...