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Mercedes-Benz profit drops 48.8% amid weak sales

1+ mon, 6+ day ago  (389+ words) Mercedes-Benz reported 2025 earnings within guidance as cost savings and new models offset weaker volumes and pricing pressure. The German carmaker posted revenue of "132.2bn ($156.78bn) and adjusted EBIT of "8.2bn for 2025, down 9.2% and 39.9% respectively year-on-year. It reflected the impact of global tariffs, foreign-exchange…...

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Mercedes and Geely explore deeper ties on future vehicle models-report

3+ day, 3+ hour ago  (299+ words) Mercedes-Benz has begun early discussions with China's Geely about expanding cooperation on future vehicle development in China, Bloomberg has reported. The preliminary conversations are centred on potential collaboration on vehicle models planned for release after Mercedes's current generation of EVs....

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BMW Group to deploy humanoid robots in production in Germany for the first time

2+ week, 3+ day ago  (496+ words) Pilot project at BMW Group Plant Leipzig follows humanoid robot pilot in the US. For the first time, the BMW Group says it is bringing "Physical AI" to Europe and launching a pilot project with humanoid robots at its Leipzig,…...

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BYD, Geely and VinFast bid for Nissan-Mercedes Mexico plant

1+ mon, 6+ day ago  (298+ words) Chinese carmakers BYD and Geely and Vietnam's VinFast are finalists to acquire a Nissan-Mercedes-Benz vehicle plant in Aguascalientes, Mexico. The three companies advanced from nine bidders, which also included Chinese manufacturers Chery and Great Wall Motor, according to sources cited…...

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BMW Group and PreZero sign Europe vehicle recycling deal

1+ mon, 1+ week ago  (298+ words) The agreement centres on building a commercial framework to recover and reuse automotive materials. BMW Group has partnered with circular economy company PreZero to develop closed-loop recycling approaches for end-of-life vehicles across Europe. The agreement was formalised at the Innovation…...

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Mercedes‑Benz reports softer third quarter

4+ mon, 3+ week ago  (276+ words) Mercedes'Benz Group posted weaker results for the third quarter of 2025, with lower revenue and earnings across its main businesses. Group revenue fell 7% to "32.14bn ($37.37bn), while EBIT declined 70% to "750m, reflecting reduced gross profitability and significant special charges. Adjusted EBIT, which excludes legal,…...

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Porsche weighs scrapping electric 718 models - report

1+ mon, 2+ week ago  (366+ words) CEO Michael Leiters is reassessing the programme after expenses surged following the company's earlier push into electric vehicles (EVs). VW Group owned carmaker Porsche is reviewing whether to abandon electric versions of its 718 Boxster and Cayman as budget pressures mount…...

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Mercedes-Benz builds S-Class robotaxi partnerships

1+ mon, 2+ week ago  (241+ words) Mercedes-Benz is developing a robotaxi programme around its new S-Class through collaborations with technology firms and mobility operators across several regions. The German luxury automaker said the S-Class will form the central vehicle platform, pointing to its redundant systems for…...

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ZF and BMW sign agreement for future transmissions tech

1+ mon, 2+ week ago  (261+ words) Further development of ZF's 8-speed automatic transmission with a special focus on future electrified drives. ZF Friedrichshafen AG and the BMW Group have signed a long-term supply agreement in the field of passenger car drive systems. The core of the…...

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GM 2025 profit slumps on EV charges

1+ mon, 3+ week ago  (350+ words) General Motors has posted weaker annual earnings for 2025 after revenue slipped and large electric-vehicle (EV) charges pushed the fourth quarter into a loss. The US-based carmaker said annual revenue fell 1.3% to $185bn, while EBIT-adjusted dropped 14.6% from 2024. Net income margin narrowed sharply…...