Mercedes-Benz – Page 2 – Charm

Stalled European Electric Vehicle Sales Trigger 4,000 Job Cuts At Ford

Cs news5 months ago06 mins

The logo of the Ford Motor Company is displayed on the front grille of an electric Ford Transit … [+] being charged in a dealership in Bristol, U.K. (Photo: Matt Cardy) Getty Images Automobile manufacturing giant Ford has announced 4,000 job cuts across its European operations blaming stalled electric vehicle sales on the continent. The…

A Mercedes-AMG SL 63 4MATIC+ car is displayed in a showroom at Mercedes-Benz competence center, in Sindelfingen

Mercedes car earnings plunge as China shuns luxury

Cs news6 months ago04 mins

(Reuters) — German premium automaker Mercedes-Benz (MBG.DE, MBGAF) on Friday said third-quarter earnings in the core car division plunged by 64%, massively missing analysts’ estimates, as Chinese consumers continued to cut back on luxury goods in a weakening economy. “The Q3 results do not meet our ambitions,” CFO Harald Wilhelm said in a statement, adding…