By Victoria Waldersee STUTTGART (Reuters) -Mercedes-Benz Group on Friday warned of lower earnings this year amid economic uncertainty, and said it would look to sell more vehicles directly in major …
"Merced"
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Business News
Mercedes-Benz to buy back up to 4 billion euros in shares by 2025
by Reutersby ReutersBERLIN (Reuters) -Mercedes Benz said on Thursday it plans to buy back up to 4 billion euros ($4.28 billion) of its shares over two years from March 2023, in a …
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Business News
Mercedez-Benz faces over 300,000 UK claims over diesel emissions
by Reutersby ReutersBy Sam Tobin LONDON (Reuters) – Mercedes-Benz faces more than 300,000 claims at London’s High Court from the owners of diesel vehicles that were allegedly equipped with “defeat devices” to …
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MOSCOW (Reuters) – Russian President Vladimir Putin on Monday approved the sale of Mercedes-Benz’s local financial services division to Russian car dealer Avtodom, nudging the German automaker closer towards fully …
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BERLIN (Reuters) -Mercedes-Benz is set to drop the EQ product brand for battery-electric cars as soon as the next generation of compact cars, set to be on the market from …
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BERLIN (Reuters) -Mercedes-Benz delivered 2.05 million passenger cars in 2022, the company said on Tuesday, down 1% on the previous year as the carmaker felt the impact of COVID-19 measures …
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Business News
Mercedes expects double-digit growth in India in 2023 despite weak rupee
by Reutersby ReutersBy Aditi Shah NEW DELHI (Reuters) – Mercedes Benz expects double-digit sales growth in India this year, despite concerns that a weaker rupee could increase car prices, the head of …
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Business News
Mercedes to launch vehicle-charging network, starting in North America
by Reutersby ReutersBERLIN (Reuters) – Mercedes-Benz is poised to invest billions of euros to build 10,000 fast-charging points in North America, Europe and China by 2030, the luxury carmaker said on Thursday. …
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Business News
Mercedez-Benz to deploy advanced automated driving system in Nevada
by Reutersby ReutersBy David Shepardson (Reuters) -The Nevada Department of Motor Vehicles (DMV) said on Thursday that German carmaker Mercedes-Benz can deploy advanced automated driving systems on its roads after it completed …
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By Victoria Klesty OSLO (Reuters) – Norsk Hydro will supply Mercedes-Benz with low-carbon aluminium for a range of models from 2023, including its electric EQ models, as the luxury carmaker …
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BERLIN (Reuters) – Mercedes-Benz laid out on Wednesday an over 1 billion-euro ($1.06 billion) plan to adapt its global production network for electric powertrain systems – including battery assembly, electric …
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(Reuters) -Mercedes-Benz Vans will invest more than 1 billion euros ($1.05 billion) to build its first electric-only vans plant in Jawor, Poland, pending approval of conditions such as the sign-off …
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Business News
Rivian pauses JV plans with Mercedes-Benz to make electric vans in Europe
by Reutersby Reuters(Reuters) – Rivian Automotive Inc said on Monday it is pausing its joint venture with Mercedes-Benz Vans, just three months after the companies entered a partnership to make electric vans …
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Business News
Mercedes to double electric motor output at Untertuerkheim – WiWo
by Reutersby ReutersBERLIN (Reuters) – Mercedes-Benz is to double production capacity for electric motors to 1 million units at its Untertuerkheim plant, which has traditionally focused on combustion engines, WirtschaftsWoche magazine reported …
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Breaking NewsNew Jersey NewsNorth Jersey NewsPolice Blotter
Mercedes with bullet holes speeds away from Clifton police officers during traffic stop
CLIFTON, NJ – A pair of men inside a Mercedes E300 with bulletholes in the windshield were pulled over by Clifton police officers, but fled, nearly knocking down two officers. …
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Business News
Mercedes Benz to pay $5.5 million to settle Arizona diesel ad case
by Reutersby ReutersBy David Shepardson WASHINGTON (Reuters) -German automaker Mercedes Benz and auto supplier Robert Bosch LLC have agreed to pay a total of about $6 million to resolve a lawsuit over …
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Breaking NewsMercer County NewsNew Jersey NewsPolice Blotter
Teen shot and killed in Trenton inside Mercedes
TRENTON, NJ – A 19-year-old man was shot and killed in Trenton Thursday afternoon in the 800 block of Carteret Avenue. Trenton police officers responded to a Shot Spotter gunfire …
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Breaking NewsMercer County NewsPolice Blotter
Man shot multiple times, killed in Trenton while sitting in Mercedes
TRENTON, NJ – A man was shot and killed Thursday afternoon inside his Mercedes SUV in Trenton. Police responded to a Shot Spotter alert at around 1:30 pm in the …
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Business News
Europe’s STOXX 600 drops 1% on Mercedes drag; Target outlook weighs on retailers
by Reutersby ReutersBy Shreyashi Sanyal and Devik Jain (Reuters) -Europe’s STOXX 600 index snapped a four-day winning streak on Wednesday, led by losses in shares of Mercedes Benz Group, while a dour …
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BEIJING/FRANKFURT (Reuters) -Mercedes-Benz said it had cut prices on some of its EQE and EQS models in China due to changing market demand for top-end electric vehicles (EVs), triggering a …
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FRANKFURT (Reuters) – The Mercedes-Benz works council expects the German car manufacturer to dole out a record-high bonus to its employees while anticipating bumper profits for the financial year, the …
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US and World News
AI chip startup SiMa.ai launches auto business with former Bosch, Mercedes executive
by Reutersby ReutersBy Jane Lanhee Lee OAKLAND, Calif. (Reuters) – Silicon Valley-based AI chip startup SiMa.ai on Thursday said it is entering the automotive industry and has recruited Harald Kroeger, a former …
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By Victoria Waldersee BERLIN (Reuters) -Mercedes-Benz raised its full-year profit forecast on Wednesday as strong demand for luxury cars and cost savings offset the supply chain bottlenecks that have hampered …
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US and World News
Mercedes-Benz to quit Russian market, sell shares to local investor
by Reutersby ReutersBERLIN/MOSCOW (Reuters) – Mercedes-Benz said on Wednesday it would withdraw from the Russian market and sell shares in its industrial and financial services subsidiaries to a local investor, becoming the …
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US and World News
Mercedes-Benz: top-end, battery-electric sales hampered by supply bottlenecks – CFO
by Reutersby ReutersBERLIN (Reuters) – Mercedes-Benz expects top end vehicle sales to rise in the single digits and said battery-electric vehicle production was hampered by production bottlenecks this year as it released …