Kim Jong Un seen with shiny new luxury car, defying UN sanctions on North Korea's importsKim Jong Un was spotted using a new Mercedes-Benz SUV, defying UN sanctions on luxury goods. The North Korean leader's preference for high-...
13 Aug, 2024, 01.24 PM IST
China to be centre of Mercedes-Benz 2025 EV sales drive, Automobilwoche saysBenz is making China, the world's top auto market, central to its next electric vehicle (EV) campaign starting in 2025, its CEO told German...
23 Jul, 2023, 03.50 PM IST
European shares opens lower, defence stocks rise after Poland blastMercedes Benz Group AG slid 3.5% after a report said that the German automaker slashed its China electric vehicle prices by up to $33,000 a...
16 Nov, 2022, 02.10 PM IST
Mercedes-Benz to quit Russian market, sell shares to local investorJapan's Nissan this month took a $687 million loss in handing over its business in Russia to a state-owned entity for one euro, mirroring a...
26 Oct, 2022, 01.52 PM IST
Mercedes-Benz bets on India's nouveau riche to drive luxury car sales"The base is getting broader and gradually moving beyond our traditional customers," said Martin Schwenk, chief executive of Mercedes-Benz ...
12 Apr, 2022, 04.55 PM IST
Suzuki's Hungarian factory suspends car exports to Russia and UkraineCentral Europe is facing the economic fallout that has followed Russia's invasion of Ukraine on Feb. 24, including from harsh Western sanct...
10 Mar, 2022, 03.02 PM IST
Chips for Russian auto companies may land in IndiaThat would be good news for Indian buyers who are waiting to get the delivery of their cars and SUVs, some of which have a waiting period o...
08 Mar, 2022, 06.41 AM IST
High-end luxury car sales outpace the wider premium car market: Mercedes Benz IndiaMercedes Benz India said that while the overall luxury car market was swiftly recovering in the country, the top-end of the market, with ca...
03 Mar, 2022, 03.19 PM IST
Mercedes Benz considers localising performance cars, EVs to bring down pricesThe company already puts together 11 out of the 20 models on sale in India at its facility near Pune. Further 4-5 models are under serious ...
04 Nov, 2020, 06.45 PM IST
Mercedes-Benz to challenge Tesla with new electric sedanMercedes, the world’s best-selling luxury-car maker, had record deliveries and profit last year as it defended the global top spot against ...
13 Apr, 2018, 12.02 AM IST
Mercedes-Benz to revive Maybach brand for top end S-ClassDaimler, which owns the Mercedes-Benz brand, said it would unveil the new Mercedes-Maybach S 600 limousine at the Guangzhou Motor Show and ...
11 Nov, 2014, 05.31 PM IST
Won’t compromise on profit for market share: Till Conrad, chairman Mercedes-Benz IndiaWe are thoroughly convinced on the potential of the Indian luxury-car market. It has shown positive growth even in tough economic condition...
27 Mar, 2014, 04.15 AM IST
- 'India will lead luxury car market'
Andreas Schaaf, the new president of BMW India, is busy understanding the dynamics of doing highend business in India.
25 Oct, 2010, 05.07 AM IST
- Daimler names anti-corruption director
German auto maker Daimler, which has pleaded guilty to US bribery charges, announced the creation of a director's position responsible for ...
29 Sep, 2010, 09.20 AM IST
- Daimler pleads guilty, agrees to pay $185 mn
Daimler pleaded guilty to US charges of global bribery and has agreed to pay $185 mn to settle the affair. How small cars match-up I New Yo...
02 Apr, 2010, 02.29 AM IST
- Daimler drops earnings outlook despite Q3 profit
German automaker Daimler AG issued another profit warning as it reported third-quarter earnings of euro213 million (US$27.3 million) on Thu...
23 Oct, 2008, 11.31 PM IST
- BMW reports record first quarter sales of 350,000 vehicles
The German luxury car making group BMW sold a record 350,000 vehicles in the first quarter of 2008.
07 Apr, 2008, 06.47 PM IST