Mercedes-Benz profits dropped by over 50% due to a $1.2B tariff impact.
Mercedes-Benz Faces Major Revenue Cuts Due to Tariffs On Thursday, Mercedes-Benz announced that a hefty $1.2 billion loss due to President Trump’s tariffs has more than halved its projected revenue for 2025. The company is also bracing for further challenges moving forward. The German luxury car manufacturer reported an operating profit for the year of […]
Mercedes-Benz CEO declines proposal to relocate headquarters to the US, according to a report.
Mercedes-Benz CEO Rejects US Headquarters Move The head of Mercedes-Benz has turned down a proposal from the Trump administration to shift its headquarters to the United States. Ola Källenius mentioned in an interview with *Pioneer* that Commerce Secretary Howard Lutnick had previously suggested the company’s relocation. Källenius emphasized that while Mercedes-Benz operates on a global […]
Mercedes-Benz CEO signals more potential US investment
Bullseyey American Ingenuity Fund Portfolio Manager Adam Johnson breaks down President Donald Trump's tariff plans and evaluates weekly economic data on “Maria Bartiromo's Wall Street.” On Thursday, the CEO of Mercedes-Benz showed the company plans to invest more in the US over the next few years, and also discussed how tariffs will affect the automaker's […]
Mercedes-Benz crashes through roof of Southern California home after ‘elderly’ driver loses control
A driver was injured when a car crashed into the roof of a home in suburban Los Angeles Sunday night, authorities said. The car, a white Mercedes-Benz sedan, veered off the road and crashed into the Killeen family's Rancho Palos Verdes home, leaving a large hole in the roof. “There was a car in our […]
NJ businessman Jose Uribe testifies that he bribed ‘Gold Bar Bob’ Menendez with a Mercedes-Benz
A New Jersey businessman testified Friday that he bribed Sen. Bob Menendez, telling jurors in the state Democrat’s federal corruption trial that he offered the lawmaker’s wife a Mercedes-Benz to drop a criminal investigation. “She agreed to the terms” Jose Uribe He spoke to the U.S. District Court in Manhattan. In March 2019, Nadine Menendez […]
Mercedes-Benz workers in Alabama vote against union in major blow to UAW
Check out what’s being clicked on FoxBusiness.com American workers at a Mercedes-Benz factory in alabama On Friday, the United Auto Workers rejected the union in a landslide defeat in a vote that had been expected to push the union deeper into the American South based on its victory at the Volkswagen plant in Tennessee. It […]
Mercedes-Benz Backs Away from Electric Vehicles amid Weak Sales
German luxury carmaker Mercedes-Benz has backed away from its pledge to fully transition to electric vehicles (EVs) by 2030 after sluggish sales, shifting away from gasoline cars, which remain in high demand among car buyers. We are proceeding with the transition. According to Bloomberg UK, Mercedes-Benz CEO Ola Källenius said: Said Shareholders said Wednesday that […]
Mercedes-Benz workers at Alabama plant slated for union vote in May
Mercedes-Benz U.S. CEO Dimitris Psilakis said drivers will be able to watch a video while the vehicle takes over driving the Claman Countdown. Workers at the Mercedes-Benz factory Located in Vance, Alabama Suburbs of Tuscaloosa are scheduled to vote next month on whether to join the United Auto Workers union. The National Labor Relations Board […]
Apollo the robot joins Mercedes-Benz assembly line production
You knew this was coming. You’ve probably heard about factory shortages. And guess what? The solution seems to be robots. Mercedes-Benz Manufacturing in Hungary has replaced some human workers with humanoid robots on the factory floor. These futuristic robots are manufactured by the Texas-based company Apptronik. Mercedes-Benz and Uptronik have teamed up to study how […]
Mercedes-Benz abandons 2030 electric-only target
Luxury car maker Mercedes-Benz is not targeting 2030 to complete its transition to producing only electric cars. After announcing its 2021 targets, the German automaker blamed “market conditions” for poor EV sales and consumer demand not meeting expectations, but almost all major automakers currently have We are witnessing this reality. The company announced that. Investor […]