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Mercedes-Benz sold its Nissan shares at 341.3 yen each, a 5.98% discount to Nissan's close of 363 yen yesterday, sources say

Mercedes-Benz offloads Nissan stake for $325m - source

The pension trust of German automaker Mercedes-Benz has sold its stake in Japan's Nissan Motor for 47.83 billion yen ($324.65m), a source with direct knowledge of the matter said today.

Business • 26 Aug

Mercedes is among the most significant beneficiaries of the US-EU trade deal due to its greater share of imports into the US from Europe than from Mexico or Canada

Mercedes-Benz trims profit margin forecast on tariff hit

Mercedes-Benz has today trimmed its annual car sales and profit margin forecasts, flagging a nearly $420m impact from US tariffs in the second quarter as US President Donald Trump prepared to hike import levies on EU-made cars.

Business • 30 Jul

Mercedes-Benz's car division reported a 40% slump in 2024 earnings

Mercedes-Benz moves to cut costs as earnings slump

Mercedes-Benz has today launched a fresh cost-cutting plan to revive sales and margins and battle stiff competition as the German carmaker forecast a big drop in earnings in 2025.

Business • 20 Feb

BMW today reported a 2.3% drop in overall vehicle sales

German premium carmakers' sales slow in China, Germany

Germany's top-end carmakers took a battering at home and in China in 2024, sales volume data showed, as wealthier consumers held back on purchases amid an uncertain economy and on slower than expected electric vehicle sales.

Business • 13 Jan

MML Holdings Ltd and its subsidiaries are owned by members of the O'Flaherty family

Revenues at Mercedes Benz Irish distributor surge by €50m

Pre-tax profits at the family-owned group that distributes Mercedes-Benz cars in Ireland last year declined by 5.5% to €24.92m.

Business • 10 Dec 24

German premium car maker Mercedes-Benz said its third-quarter earnings in the core car division plunged by 64%

Mercedes car earnings plunge as China shuns luxury

German premium automaker Mercedes-Benz said today its 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.

Business • 25 Oct 24

The German car sector is facing challenges, ranging from high production costs and managing the shift to EVs to falling demand and rising competition from China

BMW and Mercedes quarterly sales drop on weak China

Sluggish demand and stiff competition in China hit third quarter sales at BMW and Mercedes, the German luxury automakers said today.

Business • 10 Oct 24

Mercedes-Benz trims 2024 core profit outlook again

Mercedes-Benz has cut its full-year profit margin for the second time in less than two months, after overall sales volume fell in China.

Business • 20 Sep 24

Mercedes-Benz said its worldwide sales increased 3% to 503,500 vehicles, with Europe posting the strongest growth at 8%

Mercedes posts rise in Q1 sales boosted by EVs

Mercedes-Benz Group's sales rose moderately in the first quarter of this year, boosted by electric vehicles (EV) and premium cars, the German carmaker said today.

Business • 12 Apr 23

The German automaker said it now expected group earnings to rise at least 15% this year

Mercedes-Benz lifts profit forecast as luxury cars boom

Mercedes-Benz has today raised its full-year profit forecast as strong demand for luxury cars and cost savings offset the supply chain bottlenecks that have hampered industry output this year.

Business • 26 Oct 22

A private collector bought the 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe for €135m

World's most expensive car sells for €135m

A 1955 Mercedes-Benz, one of only two such versions in existence, was auctioned off earlier this month for a record €135m, making it the world's most expensive car ever sold.

World • 20 May 22

Mercedes-Benz warned today that an escalation of the war in Ukraine could hit production, as could extended Covid-19 lockdowns in China

Strong demand lets Mercedes-Benz hike prices

Mercedes-Benz said it expects strong demand for high-end cars to allow it to offset rising raw material and transport costs with higher prices, forecasting a pick-up in deliveries once chip shortages ease.

Business • 27 Apr 22

The company will also work towards covering 70% of the energy it needs for production with renewable energy by 2030

Mercedes-Benz to halve CO2 emissions by 2030

Mercedes-Benz aims to halve its CO2 emissions by 2030, the carmaker said, providing a half-way goal to its existing target of becoming CO2 neutral by 2039.

Business • 11 Apr 22

Daimler Truck froze its business activities in Russia on February 28

Daimler Truck sees little impact from Ukraine in 2022

Daimler Truck expects little impact on its business in 2022 from the Covid-19 pandemic and Russia's invasion of Ukraine, the truck and bus maker said today.

Business • 24 Mar 22

Wire harnesses bundle up to 5km of cables in the average car

Carmakers scramble to replace Ukrainian auto parts

Carmakers including Volkswagen and BMW are scrambling to find alternative sources of vital parts made in Ukraine from as far afield as China and Mexico, as Russia's invasion halts assembly lines and breaks complex supply chains.

Business • 14 Mar 22

The German premium carmaker said today it should meet its 2021 profit targets

Daimler powers through chip crunch, targets on track

Daimler has today reported a higher quarterly profit despite a 30% drop in Mercedes-Benz unit sales due to a global semiconductor chip shortage, as it focused on more profitable luxury cars and cut costs.

Business • 29 Oct 21

Car firms like Ferrari and Mercedes-Benz are turning to startups for expertise and technology to solve the unique challenges of electrifying the highest-performance vehicles

Supercars in the race of their lives to go electric

Speed has always been paramount for supercar makers, and now they're in the race of their lives to go electric before climate policy cuts their combustion engines.

News Lens • 27 Sep 21

The car maker has warned that the global semiconductor chip shortage may continue to impact its sales in the second quarter

Daimler says chip shortage may impact Q2 sales

Mercedes-Benz car maker Daimler has raised its profit outlook for 2021, but warned that the global semiconductor chip shortage may continue to impact its sales in the second quarter.

Business • 23 Apr 21

The order from Amazon is the largest for Mercedes-Benz's electric vehicles to date and includes 800 vans for Germany and 500 for the UK

Amazon orders 1,800 Mercedes-Benz electric vans

Amazon.com has ordered 1,800 electric vans from Mercedes-Benz for its European delivery fleet, as part of the online retailer's plans to run a carbon neutral business by 2040.

Business • 28 Aug 20

Daimler owns the Mercedes-Benz and Smart car brands - the latter of which had until now been manufactured in France

Daimler plans to shut French factory in restructuring

Daimler will seek to sell its factory in Hambach, France, as part of an overhaul of its production system, the German carmaker has said, prompting France's finance minister to urge the company to reconsider.

Business • 03 Jul 20

Daimler cuts its dividend after third profit warning

Daimler has today cut its dividend to €0.90 a share after 2019 earnings more than halved, weighed down by restructuring and legal charges in what amounts to the third profit warning for new chief executive Ola Kaellenius.

Business • 11 Feb 20

Daimler is to seek more than €1 billion in personnel cuts at Mercedes-Benz Cars by end of 2022

Mercedes-Benz Cars to slash €1 billion in costs by 2022

Daimler shares fell sharply today after the German carmaker said tougher emissions rules will hit earnings in 2020 and 2021.

Business • 14 Nov 19

Daimler said it lost €1.2 billion in the three months from April to June due to one-off effects totalling €4.2 billion

Daimler books first quarterly loss in 10 years in Q2

Mercedes-Benz maker Daimler has today reported its first quarterly loss in almost 10 years, saying cash it had to set aside over emissions cheating and vehicle recalls drove it into the red.

Business • 24 Jul 19

Daimler has long worked with Beijing Automotive Group Co Ltd in China

China's BAIC takes 5% share in Daimler

China's state-owned BAIC has taken a 5% stake in Daimler, whose top shareholder for the past year has been rival Chinese carmaker Geely, the luxury German automaker said.

Business • 23 Jul 19

The Mercedes-Benz owner has cut its profit forecast for the fourth time in 13 months

Daimler warns on profit again, blames diesel & recalls

Luxury carmaker Daimler today cut its profit forecast for the fourth time in 13 months, as it set aside more money to cover a regulatory crackdown on diesel emissions and vehicle recalls related to Takata airbags.

Business • 12 Jul 19