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Annual report, balance sheet

Despite new models, a weak market development weighs on Mercedes-Benz's financial results. | Photo: | Photo: Marijan Murat/dpa
News
Mercedes-Benz reports a pronounced decline in profit, revenue and sales.

The manufacturer is grappling with weak demand, high costs and tense market conditions. New models and cost-cutting measures are expected to counteract this, but a recovery is not expected until several years from now.

Ola Källenius, the Chairman of the Board of Management of Mercedes-Benz Group AG, stands in front of a brand logo before the earnings press conference of the automobile manufacturer. (Photo: Bernd/Weißbrod)
News
MercedesBenz prepares for more headwinds - Savings program

(dpa-AFX) The car manufacturer Mercedes-Benz expects even stronger headwinds and a significantly worse result this year. CEO Ola Källenius attributed this on Thursday to a continuously challenging environment.

Carmaker GM Exceeds Expectations. (Screenshot: news.gm.com)
News
Automaker GM exceeds expectations

(dpa-AFX) The car manufacturer General Motors (GM) is entering the new year with confidence. The US company, when presenting its annual figures in Detroit on Tuesday, hinted at a more significant profit increase than analysts had expected. Additionally, it exceeded the consensus forecasts of market experts for the fourth quarter. Consequently, the stock rose by more than three percent in pre-market trading in the US.