mercedes
German automotive group Mercedes-Benz will not face criminal charges in the United States in the long-running scandal over emissions of nitrogen oxides, according to information obtained by dpa. The US Department of Justice (DOJ) has closed its investigation, according to a letter sent to the company in March and made available to dpa. The story was first reported in the German business newspaper Handlesblatt. "With the DOJ's decision, we are taking another important step towards legal certainty in connection with various diesel proceedings," said Renata Jungo Brüngger of the board of manageme...
DPA Breaking News
Mercedes-Benz chief executive Ola Källenius expressed confidence that the company could cope with competitive conditions in the Chinese market in remarks to journalists at the 2024 Beijing International Automotive Exhibition on Thursday. "We are not standing still," Källenius said. Mercedes-Benz could keep up with the rapid pace of technical progress in China, he added. The German company maintains development centres in Beijing and in Shanghai, both of which are integrated into its global network. These centres did not function as independent satellites "making in China for China," Källenius ...
DPA Breaking News
Former world champion Sebastian Vettel is not among drivers the Mercedes team is considering as successor of Lewis Hamilton from next season onwards, Germany's Bild paper reported on Friday. Bild said that Vettel was not on a shortlist of three drivers the Formula One team was considering. Vettel, 36, won four world titles with Red Bull 2010-2013 and retired after the 2022 season. The German has not ruled out a comeback lately, and he may still be a candidate for other teams. Mercedes team principal Toto Wolff had earlier Friday confirmed at the Japanese Grand Prix that they were looking at a ...
DPA Breaking News
Mercedes team principal Toto Wolff said on Friday it was too early to decide on who will replace Lewis Hamilton from next season but added that currently retired Sebastian Vettel could be a candidate. Wolff only confirmed that they have a shortlist of drivers but added that "we haven't taken the decision yet and it's not something that we plan to do in the next few weeks." Hamilton announced a shock move to Ferrari from next season onwards after winning six of his seven Formula One world titles with Mercedes where he has been driving since 2013. Triple world champion Max Verstappen is Wolff's ...
DPA Breaking News
Mercedes team principal Toto Wolff has named three-time Formula ONe world champion Max Verstappen his "number one pick" to replace Lewis Hamilton, who's leaving the German outfit and joining Ferrari in 2025. “We have a slot free, the only one in the top teams, unless Max decides he goes, then the slot is not going to be free with us anymore," Wolff told Fox Sports Australia in an interview. Asked directly if Verstappen is his number one pick, Wolff replied: “Yes. I mean, you see what his performance levels are. But I wouldn’t want to discount the other ones too." "There are a few options that ...
DPA Breaking News
German luxury carmaker Mercedes-Benz felt the effects of higher costs in 2023 as a result of inflation and supply chain disruptions. Revenue increased by 2% over the previous year to €153.2 billion ($166.4 billion), the Stuttgart-based company reported on Thursday. However, earnings before interest and taxes adjusted for special effects fell by 3% to €20 billion. Consolidated net profit fell by just under 2% to €14.5 billion. Nevertheless, shareholders are to receive a dividend per share increased by 10 cents to €5.30 euros. Mercedes had announced on Wednesday a share buyback totalling €3 bill...
DPA Breaking News
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