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Mercedes-Benz said on Tuesday it has appointed Jason Hoff to the newly created role of North America CEO, effective May 1 as the German maker looks to strengthen its focus on the U.S., its second-largest market.
Mercedes-Benz will develop smart driving cars for global markets equipped with Hesai's lidar sensors, a person with direct knowledge said, the first time a foreign automaker has sought to use such Chinese-made technology for models sold outside China.
Mercedes-Benz has won agreement from its works council to offer buy-outs to staff under a programme to cut costs and jobs, German magazine Wirtschaftswoche reported on Tuesday.
Mercedes-Benz and its subsidiaries are planning to cut up to 15% of their workforce in China, Bloomberg News reported on Thursday, citing people familiar with the matter.
China's market regulator held a symposium on fair competition with executives from seven companies, including Alibaba and LONGi Green Energy , the State Administration for Market Regulation (SAMR) said on Wednesday in a statement.
Mercedes-Benz Group AG (OTCPK:MBGAF) Q4 2024 Earnings Conference Call February 20, 2025 4:15 AM ET Company Participants Christina Schenck - Vice President & Head, Investor Relations & Treasury Willem Spelten - Head of Corporate Communications Ola Kallenius - Chairman and Chief Executive Officer Markus Schafer - Chief Operating Officer Harald Wilhelm - Chief Financial Officer Conference Call Participants Tim Rokossa - Deutsche Bank Patrick Hummel - UBS George Galliers - Goldman Sachs Jose Asumendi - JPMorgan Henning Cosman - Barclays Stephen Reitman - Bernstein Anthony Dick - ODDO BHF Christina Schenck Good morning, ladies and gentlemen, and a warm to our Capital Market Day Mastering Transformation. We will kick today off with our Annual Results Conference for 2024.
Mercedes-Benz CEO Ola Källenius spoke to reporters after the company's quarterly earnings report and signaled the company is open to investing more in the United States.
German luxury automaker Mercedes-Benz's passenger car division on Thursday reported a 40.5% drop in annual earnings, and said it expected significantly lower earnings in 2025 for the group as it worked to boost competitiveness and cut costs.
“My stepmother's family refused to follow the terms of the will, which left their joint estate to my sister and me.”
Tesla's Autopilot and Full Self-Driving systems are good, but testing group Consumer Reports says they aren't even close to the highest rated.