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, 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 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 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.
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 ...
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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 ...
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 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 ...
Mercedes-Benz CEO on Trump tariffs: we are an American company too
Mercedes-Benz ( MBGAF) is gearing up for the Trump trade war by battening down the hatches on costs and boosting EV and ...
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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 ...