Mercedes-Benz

Mercedes-Benz said it had cut prices on some of its EQE and EQS models in China from Wednesday, citing changing market demand for top-end electric vehicles. Foreign carmakers are struggling to break into China’s electric vehicle market, with only Tesla achieving higher sales figures.Luxury car manufacturer Mercedes-Benz said in a statement late on Tuesday that the retail price (MSRP) for the EQE crossover vehicle was cut by 9% and the luxury EQS limousine’s price by 11-22%.“The Top-End electric vehicle segment in China is…

Mercedes-Benz Group AG cut prices on two electric car models in China by as much as $33,000. Mercedes-Benz Group AG cut prices on two electric car models in China by as much as $33,000, as heated competition in the world's biggest EV market impacts sales. The luxury automaker said in a statement on its website late Tuesday that it was reducing prices on certain models from its EQ range, effective Wednesday, and that it would provide subsidies to customers who recently bought the cars.  The cuts seemed to be immediate,…

Mercedes-Benz said it had cut prices on some of its EQE and EQS models in China, citing changing market demand for top-end electric vehicles. Foreign carmakers are struggling to break into China's electric vehicle market, with only Tesla achieving higher sales figures. Luxury car manufacturer Mercedes-Benz said in a statement late on Tuesday that the retail price (MSRP) for the EQE crossover vehicle was cut by 9% and the luxury EQS limousine's price by 11-22% . "The Top-End electric vehicle segment in China is still…

Ride-sharing app Beat is withdrawing from Latin America to focus on its European operations, the company said in a LinkedIn statement. The startup, which first launched in Greece in 2011 and whose owners included automakers BMW and Mercedes Benz, began operating in Latin America in 2019. "Due to a clear strategic decision of the shareholders to focus on its core European markets, our shareholders have made the decision to stop investing in the Latin American region, where Beat operates," the statement said.Read Also The…

Silicon Valley-based AI chip startup SiMa.ai said it is entering the automotive industry and has recruited Harald Kroeger, a former executive at top tier auto supplier Bosch and Mercedes Benz, to lead that business. Kroeger, who is on the board of electric pickup truck firm Rivian, will join SiMa.ai's board, which includes top chip industry executives Moshe Gavrielov, a Taiwan Semiconductor Manufacturing Co. board member, and Lip‑Bu Tan, an Intel board member. The announcement comes as chip makers' competition in the…

Last Updated: November 03, 2022, 17:49 ISTAll-Electric Mercedes-Benz EQB SUV (Photo: News18.com)Mercedes-Benz EQB 7-seater SUV will be the German luxury brand's third all-electric SUV in the Indian market after the EQC and EQSMercedes-Benz India is all set to launch the EQB 7-seater e-SUV in the country. News18 has accessed exclusive images of the all-electric SUV which indicate that it will go on sale in the next few days in the Indian market. To be the German luxury brand’s third EV in India after EQC and EQS, it will…

German luxury carmaker Mercedes-Benz said Wednesday its net profits in the third quarter doubled year-on-year, to almost four billion euros ($4 billion), driven by better sales in China. Despite continued problems with supply chains, the company saw revenues increase by 19 percent, to 37.7 billion euros. Incentives from the Chinese government to encourage people to buy cars helped to boost car sales in the company’s biggest market, Mercedes said. Also Read: Maruti Suzuki Brezza CNG Variants Leaked Online, Launch Soon in…

Actor Prithviraj Sukumaran is a well-known figure in the Indian film industry. Apart from his regular appearances in Malayalam cinema, the actor has also worked in several Tamil, and Hindi languages films. Like many other South Indian film actors, Prithviraj is quite well known for his fondness for high-end cars and bikes. The actor previously owned a Lamborghini Huracan and also has a Urus SUV in his collection. And adding another toy to his garage, Prithviraj recently purchased a Mercedes-Benz G63 AMG. The actor bought…

With its futuristic HoloLens headset, Microsoft Corp. MSFT -5.50% grabbed an early lead in the race to the metaverse. Seven years later, its big push into augmented reality, which blends virtual imagery with views of the real world, has bumped up against the limits of the technology and the patience of company management.The device, a ring-shaped computer worn like a crown that displays digital information on attached goggles, hasn’t become a hit. Microsoft shelved a…

Mercedes-Benz India has said it is witnessing an accelerated growth in sales of its top-end cars priced above Rs 1 crore, having sold 68 percent more such vehicles in the first nine months of 2022. According to the company’s Vice President – Sales and Marketing – Santosh Iyer, the company, which sold 11,469 units in the January-September period this year surpassing what it sold in the whole of 2021, has seen 30 per cent of its sales coming from its top-end vehicles. Mercedes-Benz India had sold a total of 11,242 units in…