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Recent Posts
- New EV Vans Coming From IVECO and Stellantis
- Mercedes-Benz Debuts New CLA in Rome?
- Annals of Marketing – Mercedes-Benz and FYI
- Toyota Motor Starts Crown Estate Sales in Japan
- Toyota C-HR+, bZ4X and Lexus RZ European Debuts
- Porsche Posts €5.6B Profit in 2024
- Volkswagen Group 2024 Results Drop Significantly
- Electrify America Invests Millions in ZEV Workers
- Mercedes-Benz USA Offers Customization of Sprinter Vans
- Toyota and Evgo Open First Charging Stations
- Nissan CEO Uchida Ousted
- Nissan Motor Shows Latest Autonomous-Drive Technologies
- Ford Motor Recalls a Previous Hybrid Powertrain Recall
- Mercedes-Benz USA Recalling AMG Hybrid Electric Vehicles
- Volkswagen Group EV Recall for Sudden Loss of Power
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- US Auto Sales Forecast Trump Bump or Bumpy 25? | AutoInformed on Trump Presidency Effects on Auto Industry – All Bad?
- Lisa Jacobson on Fossil Fuel Phase Out or Cop Out at COP28?
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New Mercedes-Benz Strategy Aimed to Help Higher Profits
This follows the Q2 Daimler disaster. The COVID pandemic or the Grim Reaper saw a decline in demand for cars, vans, trucks and buses. Group total sales decreased by -34% to 541,800 cars and commercial vehicles (Q2 2019: 821,700). Revenue slipped significantly by -29% to €30.2 billion (Q2 2019: €42.7 billion). EBIT was minus -€1,682 million (Q2 2019: minus -€1,558 million). Adjusted EBIT was -€708 million (Q2 2019: plus €2,447 million). Continue reading
Greetings from the White House Diplomatic Reception Room
“The holidays have always held a special place in our hearts, and we’ve loved opening the doors of the People’s House wider and wider each year, continuing the spirit of goodwill and gratitude. America’s story is your story, and we hope you feel at home here,” said the President Joe Biden and First Lady Jill Biden. Continue reading →