Mercedes-Benz Cars now expects an adjusted return on sales to be between 7.5% and 8.5% in 2024, down from 10% to 11% ...
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European auto stocks are so unpopular right now that investors keep reducing their exposure even as the scale of the industry ...
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German auto manufacturer Mercedes-Benz fell sharply on the Frankfurt Stock Exchange on Friday after the group lowered its outlook on the back of weak sales in its key Chinese market.
Adjusted returns in Mercedes' main cars unit are now expected in a range of 7.5 to 8.5 percent, compared with a prior ...
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.
"While some investors had been anticipating a profit warn from Mercedes Benz, we still view this news as a surprise, especially given the magnitude and lack of cautionary commentary ahead of [the] ...
The Tesla Model 3, VW ID7 and BYD Seal are propping up the midsize segment, while big declines for the Tesla Model y and Kia ...
Volkswagen is struggling to compete in China's growing NEV market, with partnerships in place for potential software ...
To make the European market unattractive for Chinese EV exports, tariffs have to be as high as 50%, according to research ...
Germany's government is considering ways to support Volkswagen, German economy minister and vice chancellor Robert Habeck ...