Germany's Mercedes-Benz lowers forecast due to weakness in China

NAMPA / DPA

2024-09-20

Berlin (dpa) - German high-end carmaker Mercedes-Benz on Thursday lowered its guidance for the 2024 financial year, citing a deterioration of its business in China. The company now expects annual earnings before interest and taxes (EBIT) to be significantly below the prior year's level, whereas it had previously anticipated a slight decline compared to the prior year. According to the Stuttgart-based firm, China's gross domestic product growth ha......

Restricted content

Economy

German Economy Minister Habeck convenes 'car summit'

2024-09-19 23:01:57

German Economy Minister Habeck convenes 'car summit'

2024-09-19 23:01:57

European stocks close strong as markets cheer Fed rate decision

2024-09-19 20:31:14

Volkswagen denies report that it is mulling 30,000 job cuts

2024-09-19 19:31:48

Volkswagen denies report that it is mulling 30,000 job cuts

2024-09-19 19:31:48

Germany's benchmark DAX index passes 19,000 points for first time

2024-09-19 19:00:50

Germany has not approved war weapons exports to Israel since March

2024-09-19 17:31:00

Leipzig unearths previously unknown work by Mozart

2024-09-19 16:31:23

BMW has no problem with EU's tougher CO2 standards for 2025

2024-09-19 16:31:22

BMW has no problem with EU's tougher CO2 standards for 2025

2024-09-19 16:31:22

Leipzig unearths previously unknown work by Mozart

2024-09-19 16:03:42

Latest NAMPA photos

OUTAPI, 19 September 2024 - The Namibian Police Force in the Omusati Region has confiscated mopane poles that were illegally harvested. (Photo: Contributed)

NAMPA

ONDANGWA, 18 September 2024 - The Namibian Surgical Society annual laparoscopic workshop is underway in Ondangwa. (Photo by: Maria David) NAMPA

NAMPA

ONGWEDIVA, 18 September 2024 - ALV Consulting Engineers donated N.dollars 50 000 to Lions Football Club on Wednesday. (Photo by: Maria David) NAMPA

NAMPA

SWAKOPMUND, 18 September 2024 - (From left) Roads Authority Chief Executive Officer Conrad Lutombi; Erongo RED CEO Tino !Hanabeb; Erongo Governor Neville Andre Itope and Erongo RED Executive Manager for Network Operations and Maintenance, Nico Niemand photographed along the Swakopmund-Walvis Bay Bridge, where street lights will soon be installed. (Photo by: Isabel Bento) NAMPA

NAMPA

SWAKOPMUND, 18 September 2024 - (From left) Erongo RED Chief Executive Officer (CEO) Tino !Hanabeb, Road Fund Administration CEO Ali Ipinge and Roads Authority CEO Conrad Lutombi on Wednesday signed a tripartite agreement to install 24 streetlights with stainless steel spigots specifically along the Swakopmund Bridge. (Photo by: Isabel Bento) NAMPA

NAMPA

WINDHOEK, 18 September 2024 - Windhoek Mayor Queen Kamati and Minister of Urban, Erastus Uutoni. (Photo by: Eba Kandovazu) NAMPA

NAMPA

OSHAKATI, 18 September 2024 - The Oshana Region has launched its Oral Health Week campaign to promote oral health and hygiene in the region. (Photo by: Maria David)NAMPA

NAMPA

WINDHOEK, 18 September 2024 - All People’s Party president Ambrosius Kumbwa. (Photo by: Andreas Thomas) NAMPA

NAMPA