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Europe automaker shares slump after Mercedes becomes latest to cut 2024 guidance
Mercedes shares fell more than 8% Friday after the German carmaker cut its 2024 guidance on the back of weaker demand from China.
Mercedes-Benz cuts guidance on slump in China’s economy
Mercedes-Benz Group shares fell 8% on Friday after the German carmaker made another cut to its full-year guidance, citing a slowdown in car sales caused by a slump in China’s economy. The Stuttgart company said the cut to its outlook,
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.
Mercedes Cuts Earnings Outlook as Auto Sales in China Falter
Mercedes-Benz Group AG cuts its financial forecast for the year as the luxury-car maker cited a rapid deterioration of its business in China.
20h
on MSN
Lithuania is the world's happiest place for under 30s, but it's also Europe's suicide capital
Lithuania was ranked as the world's happiest place for under 30s, but it also has high suicide rates, revealing a stark ...
2d
on MSN
Europe grapples with its decline
A report on the “future of European competitiveness” has been received as a declaration of continental intent. Whether it can ...
2h
Europe’s New Defense Chief: ‘A King Without a Kingdom’?
The European Union has vowed to enhance its military capability. But money is scarce, responsibilities overlap and the new ...
21h
on MSN
Mark Zuckerberg says Europe needs more consistent AI regulation—and even his privacy nemesis agrees
Max Schrems, who is responsible for Meta AI not coming to Europe anytime soon, says the Meta CEO has a point.
4h
Tech giants push to dilute Europe's AI Act
The world's biggest technology companies have embarked on a final push to persuade the European Union to take a light-touch ...
The Economist
22h
Near-shoring is turning eastern Europe into the new China
T he european union has tried hard lately to restrict Chinese imports. Yet this summer China made it easier to import one ...
1d
Flooding in Europe Is a ‘Clear Reminder’ of the Threat of Extreme Weather
Climate change is influencing extreme weather events like the flooding across six countries that has led to mass evacuations ...
3h
Young Russians take odysseys across Europe to see Taylor Swift perform
Artem, a 22-year-old IT student in Moscow, has no regrets about shelling out more than $3,000 to see his favourite singer ...
19h
Europe Shows Wariness to Jump Onto Fed’s Big-Cut Bandwagon
Policymakers from London to Frankfurt are signaling limited appetite to follow the US with rapidly cuts in borrowing costs, ...
47m
Europe will loan war-torn Ukraine up to $39 billion to aid recovery
The European Union will loan Ukraine up to €35 billion ($39 billion) to help rebuild its economy, the bloc’s executive arm ...
The Economist
22h
Europe is bidding a steady farewell to passport-free travel
On September 16th Europe’s most populous country opted out of passport-free travel by reintroducing controls at all its ...
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