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MBGAF / Australia fines Mercedes Benz unit $8.5 million for lack of urgency on airbag recall

Australia fines Mercedes Benz unit $8.5 million for lack of urgency on airbag recall
(Reuters) -The Federal Court of Australia has ordered Mercedes Benz Group's local unit to pay an A$12.5 million ($8.49 million) fine for failing to communicate to customers the urgency in recalling its "potentially deadly" airbags, the country's competition regulator said on Friday. Read More
Posted: Sep 1 2022, 21:55
Author Name: Reuters
Views: 110578

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Mercedes-Benz Q3 earnings hit by 'intense price competition', report profit decline and revenue drop

By Yahoo Finance
October 26, 2023

Mercedes-Benz Q3 earnings hit by 'intense price competition', report profit decline and revenue drop

Mercedes-Benz (MBG.DE) shares fell after reporting a decline in revenue and profit in the third quarter, citing electric vehicle market challenges and more_horizontal

Mercedes CFO says macro environment is subdued

By CNBC International TV
October 26, 2023

Mercedes CFO says macro environment is subdued

Mercedes CFO Harald Wilhelm says the carmaker's portfolio will enable it to work in a "very competitive market environment". more_horizontal

Mercedes-Benz shares fall 6% as profit falls; CFO bemoans 'brutal' EV pricing

By CNBC
October 26, 2023

Mercedes-Benz shares fall 6% as profit falls; CFO bemoans 'brutal' EV pricing

The German carmaker said it had faced intense price competition, particularly in electric vehicles. more_horizontal

Mercedes-Benz expects to hit lower end of returns forecast for cars division

By Reuters
October 26, 2023

Mercedes-Benz expects to hit lower end of returns forecast for cars division

Mercedes-Benz expects the adjusted return on sales of its cars division for the full year to hit the lower end of its 12-14% forecast, the company sai more_horizontal

The Japanese government is starting to 'really invest' in EV charging: Mercedes-Benz Japan CEO

By CNBC International TV
October 24, 2023

The Japanese government is starting to 'really invest' in EV charging: Mercedes-Benz Japan CEO

Kintaro Ueno, president and CEO of Mercedes-Benz Japan, discusses the market for electric vehicles in the country. more_horizontal

I played video games and closed my eyes while driving a Mercedes

By CNN Business
October 12, 2023

I played video games and closed my eyes while driving a Mercedes

It was a cloudy day in Los Angeles when I went out in search of a traffic jam, something that's not hard to find there. I was looking for slow traffic more_horizontal

Are Investors Undervaluing Mercedes-Benz Group AG (MBGAF) Right Now?

By Zacks Investment Research
October 11, 2023

Are Investors Undervaluing Mercedes-Benz Group AG (MBGAF) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Neverthe more_horizontal

Mercedes-Benz electric trucks will be very competitive, CEO says

By CNBC International TV
October 10, 2023

Mercedes-Benz electric trucks will be very competitive, CEO says

Mercedes-Benz Trucks CEO Karin Rådström discusses the outlook for the company's new electric vehicles. more_horizontal


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