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 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 earnings in 2025 for the group as it worked to boost competitiveness and cut costs.
Mercedes-Benz Group reports decline in revenue and profit for 2024
Mercedes-Benz Group has reported revenue of €145.6bn ($151.9bn) for full year 2024, marking a 4.5% decrease from the €152.4bn recorded in 2023. Net profit for the year 2024 also saw a decline, reaching €10.
Mercedes-Benz Doubles Down On Petrol Cars, Cost Cuts Amid Profit Slump
Mercedes-Benz has shifted focus to petrol cars and cost-cutting, bracing for earnings decline amid EV struggles and global market challenges.
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 and uneven demand in the global auto market.
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.
Mercedes To Cut Production Due To Bleeding EV Profits
Mercedes is slowing down in its bid to go fully electric as it plans to launch more new gasoline-powered models than EVs.
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 ...
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-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 ...
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 ...
Futures lower, Walmart to report, Mercedes-Benz earnings - what's moving markets
Economic data has shown a decline in monthly retail sales, while a recent consumer sentiment survey for February unexpectedly ...
Mercedes-Benz sees FY25 cars, vans sales ‘slightly below’ prior-year level
Sees FY25 return on sales for cars up 6%-8%, vans up 10%-12%, and mobility up 8%-9% compared to last year. Sees R&D expenditure in cars at ...