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Latest Mercedes-Benz News

Mercedes-Benz Posts Solid Earnings Amidst Market Turbulence

Giancarlo Perlas October 25, 2023
Mercedes-Benz

Mercedes-Benz Group AG has reported solid third-quarter earnings, demonstrating resilience in the face of a challenging market environment. Despite intense price competition, particularly in the electric vehicle (EV) segment, the company achieved a solid performance. Solid Earnings in a Competitive EV Market According to the latest report of the luxury automaker, Mercedes-Benz Group’s Earnings Before Interest and Taxes (EBIT) reached €4.8 billion in Q3. The numbers were down from €5.2 billion in the same period in 2022. Nonetheless, the company managed to offset higher inflation, currency fluctuations, and supply-chain costs through improved net pricing and increased sales of premium vans. Sales and Electrification Gains Mercedes-Benz Cars saw sales reaching 1,529,800… Continue Reading »

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Mercedes-Benz Optimistic On Increased Demand In China And The US

Giancarlo Perlas April 28, 2023

Mercedes-Benz released its first-quarter results on Friday, indicating increased demand in China and the United States. The company struck a positive note, reporting that the markets in these countries were showing signs of recovery from inflationary and supply chain shocks. The carmaker also expects the demand to pick up in Europe as consumer confidence rebuilds in the coming months. Improved Return on Sales Despite the warning issued in February that the company expects lower earnings this year, the first-quarter results were impressive according to Reuters. The carmaker reported group earnings of €5.5 billion ($6.06 billion). The annual adjusted return on sales at its vans division also increased from 9%-11% to… Continue Reading »

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Mercedes-Benz Earns $1.2M Hourly

Giancarlo Perlas October 9, 2018

The history of the Mercedes-Benz name goes all the way back to 1926. It also traces its roots to Karl Benz who is credited as the inventor of the modern automobile. Over the years, the brand has become synonymous with luxury, making it one of the biggest companies worldwide. Being the producer of premium cars, the income of Mercedes is definitely mind-blowing. According to Stavely Head, a car insurance provider in the U.K., the automaker makes a profit of $339 per second. That translates to an average of $20,310 per minute, $1,218,656 per hour and $29,247,743 per day! Stavely Head based the figures on the 2017 annual report of Mercedes. To… Continue Reading »

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