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

Europe's automakers are struggling amid falling demand and increased competition from China, with Mercedes-Benz the latest to ...

In China, however, the government has made boosting the “low-altitude” economy a priority, along with an electric vehicle ...

Volkswagen is mulling the closure of factories in Germany for the first time to cut costs, while rivals BMW and Mercedes-Benz ...

According to reports, the upcoming new-gen Mercedes-Benz CLA will be powered by an engine produced in China.The IC engine on ...

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 ...

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.

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 ...

LONDON/FRANKFURT (Reuters) -BMW on Wednesday reported a 61% drop in its third-quarter profit, missing analyst expectations ...

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.