Lexus hints at plan to rival Cayenne and iX with LS SUV

Lexus has revealed the new LS Coupé concept as one of a number of models – including the single-seat Micro LS and huge, six-wheeled LS MPV – that could form part of an expanded family of LS vehicles inspired by the seminal luxury saloon of the same name. The Toyota-owned brand is responding to the… Continue reading Lexus hints at plan to rival Cayenne and iX with LS SUV

German Manager Magazine: Mercedes: Profits collapse, shareholders rejoice004518

Sharply falling sales in China and burdens from the US import tariff, along with special effects, caused Mercedes-Benz’s profits to collapse in the third quarter. From July to September, the adjusted operating profit shrank by 17 percent to 2.1 billion euros, as the car manufacturer announced on Wednesday. Mercedes cited low sales volume and higher… Continue reading German Manager Magazine: Mercedes: Profits collapse, shareholders rejoice004518

Mercedes profits slump on weak China sales, US tariffs and UK finance provision

John Burn-Murdoch is the Financial Times’ Chief Data Reporter. He led the FT’s data-driven coverage of the pandemic, exploring its impacts on health, the economy and wider society. When pandemics are not happening, he uses data and graphics to tell stories on topics including politics, economics, climate change and sport, and is a visiting lecturer… Continue reading Mercedes profits slump on weak China sales, US tariffs and UK finance provision