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Sinking star: Mercedes operating profits dropped by more than 50%

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Markets

Nissan shares plummet more than 6% as Mercedes-Benz sells its stake

Nissan shares fell as German carmaker Mercedes-Benz, the second-biggest shareholder in the ailing Japanese carmaker, sold its stake.

Business

Mercedes sees profits slump by more than half amid US tariff turmoil

German carmaking powerhouse Mercedes-Benz also issued new predictions for this year’s revenue, indicating that it will be significantly below last year's total.

Business

Mercedes moving production of its GLC SUV from Germany to the US

Due to the US President’s tariff policy, carmakers across the globe are considering boosting their local US-based production.

Business

Why Trump’s tariffs are a serious threat to the German car industry

US tariffs are affecting up to €67bn of EU automotive industry exports, the majority of which are coming from Germany. BMW, Volkswagen and Mercedes must choose between pausing shipments or absorbing tariff costs.

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Europe News

Auto lobby renews plea for leniency over failure to meet CO2 standards

European auto industry’s new lobbyist-in-chief says carmakers have no chance of complying with EU environmental law this year, and renews call for emergency relief from impending fines that could run to billions of euros.

Business

Mercedes and Porsche 'downgraded' as German car makers struggle

As European car makers face mounting challenges in 2025, Goldman Sachs has downgraded both Mercedes-Benz AG and Porsche SE, citing rising costs, tariffs, and margin pressures.

Business

Mercedes-Benz may cut back on profit outlook as car market slows

The German car manufacturer Mercedes-Benz continues to struggle with a lacklustre auto market and weakening demand.

Business

Mercedes reveals plans to cut costs by several billion euros per year

Mercedes has revealed plans for substantial cost cuts of several billion euros in the coming years. However, specific details on how these costs will be reduced and which locations will be affected has not yet been detailed.

Business

Mercedes profit driven down as demand slows in Chinese market

The German automaker is pledging to cut costs through 'efficiency increases' after weak Chinese demand hits profits.

Business

Mercedes-Benz seeks to plug gap with own battery recycling factory

Mercedes is opening its own battery recycling plant in southern Germany, in an attempt to recover raw materials such as nickel, cobalt and lithium.

Business

What is behind the huge drop in Mercedes' share prices?

The German carmaker’s shares started Friday with an almost 7% drop as the company significantly cut its expected results for the full year because of weakness in Chinese demand for its vehicles.

Business

Flooding in Switzerland hits Jaguar Land Rover production

Other major car makers including Porsche and BMW have also been affected by an aluminium shortage caused by the flooding of a supplier's factory.

Economy

Why is Germany opposed to EU tariffs on Chinese electric vehicles?

German automobile manufacturers such as BMW, Mercedes-Benz and Volkswagen could be badly hit by retaliatory tariffs because they all have massive production plants in China.

Business

Volkswagen Group sees Q1 earnings plummet as car sales stall

Mercedes-Benz also saw falling profits, as expected, due to changes in models and supply chain issues, while Stellantis also missed earnings expectations due to a poor product mix.

Business

Potential Tesla buyers steer clear as Musk's reputation plunges

Elon Musk's increasingly controversial reputation has led to a steep drop in the number of customers considering buying a Tesla.

Business

Europe moves to end reliance on China EVs with €4.4bn factory plans

It's one of the largest fundraisings in the European electric vehicle industry and is expected to reduce Europe’s dependence on Chinese EVs.