A little later, hardly anyone in the paddock was talking about Lando Norris racing to pole position at the Singapore Grand Prix. The McLaren driver set the best time on the Marina Bay Street Circuit under floodlights on Saturday evening (local time), needing 1:29.525 minutes for the 4.94 kilometer long harbor tour in the South… Continue reading German FAZ: “I think it’s ridiculous what’s happening”007741
Tag: Daimler
VW must solve most of its problems alone: German minister
Germany wants to support Volkswagen and help it avoid factory closures. Germany wants to support Volkswagen and help it avoid factory closures but the ailing car giant will have to fix most of its problems itself, Economy Minister Robert Habeck said Friday. Volkswagen said earlier this month it needed significant restructuring to stay competitive, and… Continue reading VW must solve most of its problems alone: German minister
Europe automaker shares slump after Mercedes becomes latest to cut 2024 guidance
An employee does final inspections on a Mercedes-Benz C-Class at the Mercedes-Benz US International factory in Vance, Alabama. Andrew Caballero-Reynolds | AFP | Getty Images Mercedes shares fell more than 6% Friday after becoming the latest carmaker to cut its guidance this year as sluggish demand in China and trade disputes weigh on the sector.… Continue reading Europe automaker shares slump after Mercedes becomes latest to cut 2024 guidance
Why EU tariffs are unlikely to dent Chinese EV makers’ European expansion
People look at a BYD Dolphin electric subcompact during the 2023 Shenyang International Auto Show on May 3, 2023 in Shenyang, Liaoning Province of China. Vcg | Visual China Group | Getty Images Chinese electric vehicles will remain competitive in Europe despite the EU’s additional tariffs on autos made in the country, particularly after they… Continue reading Why EU tariffs are unlikely to dent Chinese EV makers’ European expansion
German FAZ: Tesla: More than just electric cars007732
The Tesla share price has lost around eight percent of its value since the beginning of 2024. Nevertheless, the American electric car manufacturer currently has a market capitalization of around $725 billion. This is the equivalent of almost 650 billion euros. For comparison: The three German automobile companies and figureheads of the German economy, Mercedes-Benz,… Continue reading German FAZ: Tesla: More than just electric cars007732
German FAZ: Mercedes now expects significantly less profit007731
The Chinese market for luxury vehicles is not getting off the ground. The car manufacturer Mercedes has therefore revised its forecast for the current financial year downwards and is now planning a significantly lower profit than in 2023. The adjusted return on sales in the car business will now be between 7.5 and 8.5 percent… Continue reading German FAZ: Mercedes now expects significantly less profit007731
German FAZ: Tesla: More than just electric cars007731
The Tesla share price has lost around eight percent of its value since the beginning of 2024. Nevertheless, the American electric car manufacturer currently has a market capitalization of around $725 billion. This is the equivalent of almost 650 billion euros. For comparison: The three German automobile companies and figureheads of the German economy, Mercedes-Benz,… Continue reading German FAZ: Tesla: More than just electric cars007731
German FAZ: Tesla: More than just electric cars007731
The Tesla share price has lost around eight percent of its value since the beginning of 2024. Nevertheless, the American electric car manufacturer currently has a market capitalization of around $725 billion. This is the equivalent of almost 650 billion euros. For comparison: The three German automobile companies and figureheads of the German economy, Mercedes-Benz,… Continue reading German FAZ: Tesla: More than just electric cars007731
German FAZ: Tesla: More than just electric cars007731
The Tesla share price has lost around eight percent of its value since the beginning of 2024. Nevertheless, the American electric car manufacturer currently has a market capitalization of around $725 billion. This is the equivalent of almost 650 billion euros. For comparison: The three German automobile companies and figureheads of the German economy, Mercedes-Benz,… Continue reading German FAZ: Tesla: More than just electric cars007731
German Manager Magazine: Mercedes-Benz: share price slides, Ola Källenius cuts forecast003585
The stubborn lull in the Chinese market for luxury cars is leaving the Stuttgart-based car manufacturer Mercedes Benz look more pessimistically into the future. On Thursday, the company lowered its forecast for the full year for the second time in two months and now expects a significantly lower profit than a year ago. Mercedes shares… Continue reading German Manager Magazine: Mercedes-Benz: share price slides, Ola Källenius cuts forecast003585