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Mercedes car earnings plunge 64% as China shuns luxury

STORY: Mercedes Benz reported on Friday a 64% plunge in third-quarter car earnings… Massively missing analysts’ expectations. The German premium automaker felt the effects, as Chinese consumers continued to cut back on luxury goods in a weakening economy. Reflecting on the Q3 results, CFO Harald Wilhelm said that the group will step up cost cuts. […]

BMW 2 series, India launch details, Mercedes A-Class rival

BMW has given a mid-life update to the current-generation 2 Series Gran Coupe. The German brand’s smallest sedan is a direct rival to the Mercedes A-Class sedan, which is also sold in India. BMW 2 Series Gran Coupe gets 1 Series like design cues Gets refreshed interior with curved infotainment screen Current powertrain options likely […]

Mercedes E Class, EQE SUV, future platform strategy

Mercedes-Benz will continue to invest in the development of separate architectures and platforms for ICE and EV line-ups as long as there is demand, CEO Ola Källenius told our sister publication, Autocar UK. There will be some compromise in converting ICE to EV or vice versa Investing in two versions does add some burden Already […]