STUTTGART, Germany - "We need to be successful in China to be even more successful in the world," said the top executive of ...

Mercedes-Benz Group AG said it would step up cost improvement measures after its carmaking margin dropped amid fierce ...

The next Mercedes CLA will feature a China-built 2.0L engine developed by Geely and Renault, then fine-tuned in Germany. This ...

An icon in the shape of a lightning bolt. Impact Link The days of European carmakers dominating China's luxury vehicle market ...

Mercedes-Benz on Friday said it plans to ramp up cost-cutting efforts after its net profit halved in the third quarter amid weak demand in China. The German automaker cut its full-year profit ...

The poor results were due to a "challenging market environment and fierce competition, particularly in China", the auto manufacturer said. Mercedes chief financial officer Harald Wilhelm conceded ...

A year earlier, it had been 12.4%. Mercedes is experiencing difficulties, particularly in China, because its expensive models are not performing as well as expected, and there is no improvement on ...

fierce competition for slump Says will fight for market share in China, pledges cost cuts Oct 25 (Reuters) - Mercedes-Benz (MBGn.DE), opens new tab will step up cost cuts after earnings halved in ...

Europe's automakers are reeling from plunging EV sales and brutal competition in China. Mercedes-Benz became the latest to sound the alarm on Friday, posting a 31% drop in EV sales in its Q3 earnings.

(Reuters) -Mercedes-Benz will step up cost cuts after earnings halved in the third quarter hit by tepid demand and fierce competition in China, it said on Friday. The luxury carmaker cut its full ...