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, in a bid to revive margins as the company braces for a sharp drop in earnings in 2025.
Mercedes outlines cost cuts with 2025 earnings seen lower
GERMAN luxury automaker Mercedes-Benz Group expects earnings to be significantly lower this year and will cut production costs to boost profitability. Read more at The Business Times.
Mercedes-Benz announced plans to cut costs and expand its lineup
Mercedes-Benz cuts costs, boosts combustion engine focus after EV sales drop 25%, aiming to revive earnings amid global market challenges.
Mercedes-Benz moves to cut costs, revive sales after earnings slump
Mercedes-Benz on Thursday launched a fresh cost-cutting plan to revive sales and margins and battle stiff competition as the German carmaker forecast a big drop in earnings in 2025. Its car division reported a 40% slump in 2024 earnings as sales in the key Chinese and German markets took a battering.
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.
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 ...
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 earnings down by 40% in car division in 2024
Benz's passenger car division on Thursday reported a 40.5% drop in annual earnings, and said it expected significantly lower ...
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 ...
Renault beats profit forecast, Mercedes braces for earnings drop
French automaker Renault reported a record operating profit for 2024 on Thursday (February 20), while German automaker ...
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 ...
Mercedes-Benz won't be following Tesla and Elon Musk into robotaxis
The Cybercab was unveiled last October at a glitzy event at a Warner Bros. studio in Burbank, Calif. It's a battery-powered ...
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 ...