Page 6 - Mercedes Benz

Daimler lifts 2020 profit outlook as China sales revive Mercedes margins

The company's adjusted EBIT rose to 3.479 billion euros ($4.11 billion) in the quarter, up from 3.14 billion euros in the year-earlier period

Mercedes-Benz Q3 margins rebound on China boost; rise to 9.4% from 7%

Daimler said its adjusted EBIT rose to 3.479 billion euros ($4.11 billion) in the quarter, up from 3.14 billion euros in the year-earlier period

Mercedes-Benz reports 38% drop in sales at 2,058 units in India for Q3

German luxury car maker Mercedes-Benz on Wednesday reported a 38.64 per cent drop in its sales at 2,058 units in India in the third quarter of the ongoing year but almost reached its pre-COVID sales level. The company had sold 3,354 units in the July-September quarter last year. Mercedes-Benz India said it is witnessing a V-shaped recovery of sales based on the Q3 performance, pointing to the beginning of a good festive season. The Q3 sales also almost reached pre-COVID level for the first time since lockdown. In the first quarter of 2020, sales were at 2,386 units as against 3,885 units in the year-ago period, down 38.58 per cent, the company said. Commenting on the sales performance, Mercedes-Benz India Managing Director & CEO Martin Schwenk said,"We are glad to witness a strong comeback in the course of the last quarter, with a significant increase from month-to-month within the third quarter." This performance is a result driven by the company's new product introductions, ...

Car makers drive in top-of-the-line models in defiance of slowdown

Buyers have been lapping up new model launches, show booking and sales trends

Daimler to cut fixed costs, capex over 20% by 2025; take Mercedes upmarket

FRANKFURT (Reuters) - German automaker Daimler will cut fixed costs, capex and R&D spending at Mercedes-Benz by more than 20% by 2025 as part of a strategy overhaul to take the brand further upmarket.

Car market in slow lane, Mercedes rides high on branded merchandise sales

From watches and shades to fitness bicycles, online shoppers have been lapping it up all in a big way; 75% of shoppers in 18-34 age bracket, firms' revenue tops Rs one crore from this biz

Mercedes-Benz cheated to evade emission norm, to pay $2.2 bn in settlements

In court documents, Daimler agreed to pay 250,000 owners up to $3,290 each to get polluting vehicles repaired and agreed not to oppose paying $83.4 million in attorneys fees and expenses

Mercedes-Benz to open bookings for its mid-size SUV from September 8

German luxury car maker Mercedes-Benz announced opening the bookings of its mid-size SUV, AMG GLE 53 4MATIC+ Coupe, from September 8

Mercedes-Benz may face German sales ban after Nokia wins patent ruling

Daimler, owner of the Mercedes-Benz brand, violated Nokia's mobile-technology patents in its cars, judges in Mannheim said Tuesday

The hip-hop inspired Mercedes-Benz GLE 400d is an SUV with cool moves

The GLE 400d is styled like most Merc SUVs but with nifty new touches

Mercedes-Benz to recall more than 660,000 vehicles in China for oil leak

Most of the vehicles were made in China by Beijing Benz Automotive Co, about 12,500 were built by Fujian Benz Automotive Co. and about 36,000 were imported

SUV game hots up: Mercedes shifts to higher gear in race with Audi

New GLS is 7th SUV in lineup, Offers Covid-19 Lab Navigation

Mercedes Benz bets on high-performance cars for the tech-inclined driver

Prices start at Rs 75 lakh for C43 Coupe to Rs 3 crore for a fully loaded AMG S63.

Changes in consumer behaviour to drive brands to rethink positioning norms

The pandemic is changing consumer behaviour say experts, forcing marketers to rethink the differentiators between mass and premium brands

Trailblazer Mercedes-Benz gears up to sell used and new cars online

The company will start to sell used cars (October 2019) and new cars on a new website, through a partnership with American online seller Roadster Inc

Covid-19 impact: No respite from lockdown for auto firms in Maharashtra

Factories of some of the country's leading auto firms like Volkswagen, Bajaj Auto, Mercedez-Benz, FIAT India, and Mahindra and Mahindra, among others, are located in these areas

Last Porsche 911 of a generation to be sold for coronavirus relief

The automaker will sell its final seventh-generation 911, a Speedster, in an online auction with RM Sotheby's on April 15.

Mercedes Benz redefines the luxury label to plot a millennial trail

Once a symbol of societal status, the auto brand is remaking itself in the mould of its new consumers as one that marks brash ambition and youth

Motherson Sumi to Tata Motors: Europe slowdown to hit auto sector hard

Motherson Sumi, Apollo Tyres and Tata Motors to be among the worst affected because of high exposure

Auto industry well prepared to deal with coronavirus impact: Mercedes-Benz

Schwenk referred to tsunami that hit Japan in 2011, as an example, saying its ripple effects were felt at the time in the entire global auto industry.