Mercedes-Benz's car sales fell by 3% in 2024, significantly impacted by a 7% decline in China and a 3% decrease in Europe. Sales of battery...

Chinese companies BYD, Nio, and others are competing against European luxury car brands like Mercedes and BMW. They are leveraging advanced...

Automobile shares led sectoral losses with a 2.9% fall, hurt by a 7.6% drop in Mercedes-Benz after the carmaker cut its full-year profit ma...

Investors will monitor the bloc-wide flash April inflation and first-quarter GDP data during the day for clues on the European Central Bank...

Porsche finance chief Lutz Meschke said that while demand in China remained challenged the company would not compromise on margins by steer...

The weighted average retail price (ARP) of luxury cars in India has risen to a five-year high amid a weakening rupee as well as increases i...

Europe's biggest home appliances maker Electrolux AB was the top gainer on the index, jumping 6.0%. The company earlier said that weaker de...

The pan-European STOXX 600 index was down 0.8%, as of 0714 GMT, set to snap a three-day session of gains, although trading volumes were lik...

Luxury-car makers are seeing an increasing number of young and upwardly mobile customers opting for the ‘performance’ range of cars. Demand...

Shares in semiconductor companies AMS, STMicronelectronics, Infineon Technologies and ASML lost between 0.3% and 1%, weighed down by supply...

Like rival Mercedes, BMW's quarterly pretax profit recovered in the third quarter, rising 9.6% to 2.46 billion euros ($2.87 billion), lifte...

Shares in BP, Total and Royal Dutch Sell gained between 1.7% and 2.6% as crude prices rose on the back of lower-than-expected rise in U.S. ...

BMW has now joined Daimler, the maker of Mercedes cars, in reducing its profit outlook.

The European luxury industry boomed in 2011, untouched by global economic slowdown, with demand from China helping to swell profits.

Daimler , the world’s second-largest maker of luxury vehicles, plans to challenge Bayerische Motoren Werke’s leadership by rolling out new ...

German automaker Daimler AG issued another profit warning as it reported third-quarter earnings of euro213 million (US$27.3 million) on Thu...

Daimlerchrysler may sell or seek partners for its unprofitable Chrysler division, abandoning a nine-year attempt to build a global carmaker...