Hints and tips:
...Markus Kamieth, the board member overseeing BASF’s operations in China, is backed by Brudermüller, who is to step down in May to join Mercedes-Benz, two people familiar with the matter said....
...More than one in three Mercedes-Benz cars are sold in China, while the country accounted for 40 per cent of Volkswagen’s car sales last year....
...The Ludwigshafen-based group on Wednesday said Kamieth would take over from Martin Brudermüller — who is set to become the head of Mercedes-Benz’s supervisory board — in April, confirming earlier reports...
...Bosch is the largest among Germany’s network of suppliers to the car industry, which in past decades has expanded across the world alongside its key customers Volkswagen, Mercedes-Benz and BMW....
...While most German suppliers have significant businesses in China, they mainly supply the businesses of VW, Mercedes-Benz and BMW....
...You’ve seen BMW and Mercedes-Benz, for example. They’re trying to become more and more premium carmakers....
...Brudermüller, who is set to become the head of Mercedes-Benz’s supervisory board, last year announced BASF would cut costs in Europe by €1bn over two years....
...Mercedes-Benz’s profits have been hit by a “brutal” price war in electric vehicles as demand lags behind in the face of a weaker economy....
...Several European companies such as Mercedes-Benz and BMW have already pledged to introduce green steel into their cars in the near future in order to lower their own carbon footprint....
...BMW’s buoyant update stood in contrast to warnings from rivals, including Mercedes-Benz, which last week said profits had been hit by a “brutal” price war in electric vehicles amid waning demand....
...Rosenberger, born in 1900 in the south-west German town of Pforzheim, was a racing driver for what is now Mercedes-Benz when he met Ferdinand Porsche....
...Mercedes-Benz has said it will hit the lower end of its full-year profit margin guidance, as the German carmaker grapples with a “subdued” economy and growing competition in electric vehicles....
...German carmakers make a large chunk of sales and profits in the country, with Chinese sales accounting for a third of BMW’s total car sales last year, and almost 40 per cent for Mercedes-Benz and Volkswagen...
...Mercedes-Benz previously announced an “ambition” to stop selling combustion engines where market conditions allow by the end of this decade....
...A third of BMW’s car sales last year were in China, while the equivalent figure at Mercedes-Benz was 37 per cent and nearly 40 per cent at Volkswagen....
...The Düsseldorf-based contractor said on Monday that the first test models of the Caracal — a vehicle that is light enough to be airlifted and uses the chassis of a Mercedes-Benz G-class four-wheel drive...
...Mercedes-Benz has proposed the chief of chemical group BASF as the next chair of its supervisory board, choosing an executive widely regarded as a China pragmatist....
...Mercedes-Benz, which has moved to a strategy of selling more premium cars, on Wednesday raised its full-year guidance....
...Audi has also been falling behind BMW and Mercedes-Benz in the US, which both sell significantly more cars in the country....
...VW, BMW and Mercedes-Benz all declined to comment on the complaints, stating that they had not yet been contacted by German regulators....
...Profits at Mercedes-Benz rose by more than a quarter last year thanks to a focus on more profitable models but it warned that demand in Europe was “sluggish” and that the market in China was feeling the...
...Still, despite the growing warnings from the federal government in Berlin as well as high tensions between Beijing and Washington, Germany’s powerful carmakers — Volkswagen, BMW and Mercedes-Benz — all continue...
...The review follows several legal disputes, including a lawsuit between Nokia and Mercedes-Benz....
...A study by Rhodium Group last year showed that a third of German investments in China between 2019 and 2021 had come from the country’s three big automakers, VW, BMW and Mercedes-Benz, as well as chemical...
...And the country’s powerful carmakers — Volkswagen, BMW and Mercedes-Benz — all count China as their largest market and invest accordingly to defend their market share amid growing competition from Chinese...
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