mercedesbenz
German car manufacturer Mercedes-Benz has made a weaker start to the year than expected due to problems in the supply chain and model changes. Turnover in the first quarter fell by 4.4% to €35.9 billion ($37.4 billion), the Stuttgart-based company announced on Tuesday. Earnings before interest and taxes even fell by almost 30% to €3.86 billion euros. Passenger cars, the company's most important division, saw its operating profit margin before interest and taxes adjusted for special effects slip sharply by 5.8 percentage points to 9.0%. The management around CEO Ola Källenius had already warned...
DPA
German automaker Mercedes-Benz has recalled around 261,000 vehicles worldwide due to a software issue affecting two different SUV models. Mercedes-Benz's GLE and GLS models from 2018 to 2023 are affected, according to a recall published in the database of Germany's Federal Motor Transport Authority (KBA) on Wednesday. Almost 4,400 vehicles are affected in Germany. According to the recall, a software error in the transmission control unit could lead to engine failure, increasing the risk of accidents. A Mercedes-Benz spokesman told dpa that the issue had no impact on the vehicle's steering and ...
DPA
German vehicle maker Mercedes-Benz is recalling around 341,000 of its GLE and GLS models made during the years 2017 to 2023 on account of fire hazard, a statement from Germany's vehicle licensing authority (KBA) said on Thursday. According to the statement, a connection on the cable shoe of the 48-volt ground connection could be faulty, leading to the risk of fire. The bolted connection is to be checked and repaired where necessary, according to the statement. More than 11,000 vehicles in Germany are affected. Mercedes-Benz was not immediately available for comment.
DPA
German automaker Mercedes-Benz sold 6% fewer vehicles in the first quarter of the year than in the same period last year, the company reported on Wednesday. During the quarter, Mercedes-Benz sold a total of 568,400 vehicles. The decline was led by an 8% drop in sales by the passenger car division, down to 463,000 vehicles, according to Mercedes-Benz. Sales of vans rose by 7% to 105,400. The decline in passenger cars is mainly due to model changes and restrictions in the supply chain in Asia, which "temporarily dampened" sales in the first quarter, the Stuttgart-based Mercedes-Benz announced. I...
DPA
German lubrication supplier Fuchs SE and carmaking giant Mercedes-Benz AG have announced that they will join forces in after-sales. The two companies said on Thursday they will pair up in a strategic business partnership to foster innovation, technology and sustainability in the automotive after-sales business. Fuchs and Mercedes-Benz Global Customer Service & Parts signed a collaboration contract on March 28. The partnership is expected to redefine automotive lubrication standards and deliver enhanced performance by providing tailor-made lubrication solutions for Mercedes-Benz customers. As p...
DPA
Mercedes customers achieved a partial success on Thursday when the Stuttgart Higher Regional Court established that unauthorized defeat devices were installed in certain diesel vehicles from the German car manufacturer. The finding appeared in a so-called model declaratory judgement announced by the presiding judge, Thilo Rebmann, in the south-western German city, where Mercedes is headquartered. This means that the Federation of German Consumer Organizations (vzbv) has partially prevailed with a lawsuit that it filed against Mercedes-Benz in the wake of the diesel scandal. The consumer protec...
DPA
The collapse of the Francis Scott Key Bridge in Baltimore is having a varied effect on German automakers, information from the manufacturers showed. The bridge destruction, which occured on Tuesday after it was hit by a cargo ship, has had no impact on Porsche, a company spokesman said. The luxury carmaker said they can use the Port of Baltimore without disruptions. The Port of Baltimore suspended vessel traffic into and out of the port until further notice, it said in a statement released shortly after the accident. "This does not mean the Port of Baltimore is closed," it said."Trucks are bei...
DPA
A ruling is expected on Thursday in a class action suit against German carmaker Mercedes-Benz in relation to the long-running scandal over emissions of nitrogen oxides. The Stuttgart Higher Regional Court has scheduled a hearing in the matter for 9 am (0800 GMT). The proceedings began in July 2022, but were postponed several times due to expected fundamental decisions by the European Court of Justice (ECJ) and the Federal Court of Justice (BGH). Mercedes-Benz stands accused of deliberately manipulating exhaust emission levels during testing, thereby concealing the level of emissions under actu...
DPA
German automaker Mercedes-Benz has recalled around 529,000 right-hand drive vehicles worldwide to address a steering software issue, according to a spokesman. A recall notice was published in a database from Germany's Federal Motor Transport Authority (KBA) regulator on Friday, and was confirmed to dpa by the Mercedes-Benz spokesman. The recall includes the A-Class, B-Class, CLA, EQA, EQB, GLA and GLB models built between 2017 and 2024. According to the KBA, only 22 vehicles in Germany are likely affected by the recall. Drivers in Germany, like the rest of continental Europe, almost exclusivel...
DPA
Mercedes-Benz boss Ola Källenius nearly doubled his remuneration in 2023 thanks to a high long-term bonus payout, a company report said on Friday. Excluding pension expenses, his total remuneration last year was €12.2 million ($13.2 million), which is around 86% higher than in the same period the previous year. In 2022, he earned around €6.6 million. According to a spokesperson for the Stuttgart-based German car company, Källenius intends to donate part of his salary to charitable organizations. The remuneration was essentially divided into a fixed component of €1.9 million and a variable comp...
DPA
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