Major automotive manufacturers across the US and Europe have raised concerns after Beijing imposed new restrictions on the export of rare earth elements. These regulatory measures threaten to disrupt the intricate supply chains underpinning global vehicle production, with direct implications for both electric and internal combustion engine segments.
India, the world’s third-largest automotive market, has officially enacted a long-awaited electric vehicle (EV) policy aimed at incentivizing global automakers to localize EV production. The policy, which lowers import tariffs for manufacturers that commit to domestic investment, was seen as a direct overture to Tesla Inc. $TSLA. However, India’s federal government confirmed Monday that Tesla has decided not to pursue local EV production, leaving room for competitors such as Mercedes-Benz $MBG.DE and Volkswagen $VOW.DE to gain early-mover advantage in the subcontinent’s burgeoning EV landscape.
In a strategic pivot aimed at advancing autonomous driving technology, Mercedes-Benz Group AG $MBG.DE has signed a new development and integration agreement with Luminar Technologies Inc. $LAZR, shifting away from existing sensor supply deals in favor of Luminar’s upcoming Halo lidar platform. This marks a critical milestone for both companies as they push the envelope in the race for safer, smarter autonomous mobility.
Ola Kaellenius, the CEO of Mercedes-Benz $MBG.DE, emphasized the need for the European Union to pursue a "fair solution" that enables a level playing field for Chinese-manufactured electric vehicles (EVs) entering the European market. His comments, made at the Shanghai Auto Show, spotlight the growing tensions in the automotive industry as competition intensifies between European automakers and their Chinese counterparts.
German automaker Mercedes-Benz $MBG.DE has recently launched an exciting new line of fully electric luxury sedans branded as "Vision V." This innovative series promises to redefine luxury travel with exclusive features and advanced technology. Some models will be manufactured in China, marking a strategic move in a highly competitive market.
German automaker Mercedes-Benz has reported its first-quarter sales results for 2023, revealing a considerable drop in key markets like China and Europe. Total vehicle and van deliveries declined by 7% year-over-year, down to 529,200 units from 568,400 units last year. This decline stems from weakening demand amid global economic uncertainties, alongside intensified competition in the electric vehicle (EV) market.
Mercedes-Benz Group AG is continuing to face challenges in its largest market - China. Confronted with intense competition and a pricing war, European automakers, including Mercedes, are under significant pressure. This article explores the reasons behind the decline in sales and the successful strategies of Chinese manufacturers.
Mercedes-Benz Group AG finds itself at a crossroads due to recent changes in the import tariff policy in the United States. The automaker is considering the possibility of withdrawing its most affordable models from the U.S. market, which may have significant implications for its business in the country.
The recently announced 25% tariff on imported cars by then-US President Donald Trump has become a major challenge for the European economy. This policy change triggered an immediate wave of criticism from Germany’s Economy Minister and the country's automotive industry representatives. The potential consequences pose risks not only for European interests but also for the United States itself. Amid escalating tensions, both sides emphasize the need for urgent negotiations to prevent a full-scale trade war.
Mercedes-Benz is currently exploring the launch of a new line of autonomous vehicles equipped with lidar sensors produced by Chinese company Hesai. This initiative marks a significant milestone in the evolution of the global automotive industry, as it is the first time a foreign automaker has integrated Chinese technology into models designed for international markets.
Mercedes-Benz Group AG $MBG.DE and its subsidiaries are preparing to lay off up to 15% of their workforce in China. This decision reflects the increasing competition faced by the German automaker in the world's largest automotive market, where it is experiencing rising challenges from local manufacturers.
According to a recent statement from Mercedes-Benz Group AG $MBGAF, the company's profits are expected to be significantly lower this year, prompting the automaker to take measures to reduce production costs. In an increasingly competitive landscape and changing market demands, the company aims to improve its profitability.
