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Mercedes-Benz cuts margin outlook on weak Chinese market, shares fall
Mercedes-Benz cut its full-year profit margin target for the second time in less than two months, joining a growing number of rivals that are blaming a weakening Chinese car market, the world's largest.
Mercedes Slashes Outlook in Latest Blow to German Industry
Benz Group AG cut its financial forecast due to a rapid deterioration of its business in China, marking the latest blow to Germany’s struggling industrial sector.Adjusted returns in the main cars unit are now expected in a range of between 7.
Live news: Mercedes-Benz lowers full-year outlook on China’s economic ‘deterioration’
Mercedes-Benz lowered its full-year earnings outlook, blaming the weaker projections on China’s worsening macroeconomic conditions. The company on Thursday said its car division now anticipated the return on sales to be in the range of 7.
Mercedes-Benz trims 2024 core profit outlook again after China sales fall
Benz on Thursday cut its full-year profit margin for the second time in less than two months, after overall sales volume fell in China. The ongoing weakness of the Chinese market for luxury cars prompted the Stuttgart carmaker to trim its outlook after having already done so as recently as July.
20h
on MSN
Chinese zoo admits its ‘pandas’ are just painted dogs
Zoogoers in China have been left outraged after discovering that the so-called “pandas” they were cooing over were just ...
5h
on MSN
Taiwan Recognizes Same-Sex Marriages Involving Chinese Nationals
Taiwan said it would recognize same-sex marriages involving a Chinese person, a move that could benefit hundreds of couples ...
14h
on MSN
US Senator proposes barring Chinese firms using third countries to evade tariffs
Republican U.S. Senator Marco Rubio on Thursday proposed barring Chinese manufacturers from evading tariffs by setting up ...
17h
‘China Week’ Targets Chinese Firms, Fails To Boost America’s
The House of Representatives dedicated a week to passing China-themed legislation, primarily centered on restricting Chinese ...
4h
‘Panda Dogs’: Chinese zoo goes viral for luring visitors with painted pups
A zoo in China has admitted its star attraction, two so-called pandas, are just painted dogs. The fluffy Chow Chow dogs painted to resemble the country’s beloved national animal were seen in a video ...
23h
Chinese Automakers’ Answer to E.U. Tariffs: Build in Europe
BYD, which leads China’s electric vehicle sector, is constructing a plant in Hungary while its Chinese rivals expand through ...
10h
on MSN
USTR to take comments on tariff hikes for Chinese polysilicon, wafers, tungsten
The U.S. Trade Representative's office said on Thursday it will accept public comments starting on Monday on its plans for ...
21h
on MSN
Vast Chinese Hacking Operation of U.S. Consumer Tech Busted
FBI Director Chris Wray warned that this is just one round in a larger cyber conflict with Chinese-backed actors.
7h
Japan Eyes Deal to End Chinese Ban on Seafood Imports, Media Say
China and Japan may be close to a breakthrough over Beijing’s ban on seafood imports from Japan, imposed last year in ...
1d
on MSN
Justice Department disrupts vast Chinese hacking operation that infected consumer devices
FBI Director Chris Wray says the FBI has disrupted a group of hackers working at the direction of the Chinese government who ...
CNN on MSN
1d
FBI says it has disrupted major Chinese hacking operation that threatened US critical infrastructure
The FBI has used a court order to seize control of a network of hundreds of thousands of hacked internet routers and other ...
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