Trends - Mercedes Benz - Business Recorder

Mercedes Benz

How a cheap component could help kill off combustion cars

LONDON/BERLIN: The humble wire harness, a cheap component that bundles cables together, has become an unlikely...

Published 30 May, 2022 11:14pm

Business & Finance

Mercedes-Benz bets on India’s nouveau riche to drive luxury car sales

PUNE: Germany’s Mercedes-Benz is betting that a growing crop of young new millionaires will drive demand for ...

Published 13 Apr, 2022 06:03am

Business & Finance

Import of used cars gaining momentum once again

KARACHI: The import of used cars has been gaining momentum once again despite the government’s resolve to curb ...

Updated 10 Apr, 2022 04:37pm

Markets

Scarcity and software set to power Mercedes-Benz through 2022

BERLIN: Mercedes-Benz will focus on its most luxurious vehicles and bring more software in-house to tackle higher...

Published 24 Feb, 2022 05:32pm

Business & Finance

Mercedes-Benz targets US for hands-free driving certification this year

BERLIN: Mercedes-Benz hopes to acquire certification for Level 3 autonomous driving in the United States this year,...

Published 24 Feb, 2022 05:16pm

Business & Finance

Refreshed Mercedes-Benz posts strong results after truck split

FRANKFURT: German auto manufacturer Mercedes-Benz more than doubled its operating profit despite widespread supply...

Published 24 Feb, 2022 01:24pm

Markets

Mercedes-Benz foresees EV-only production lines within a few years

BERLIN: Mercedes-Benz expects to have factories producing exclusively electric vehicles (EVs) by the second half of...

Updated 21 Feb, 2022 08:44pm

Business & Finance

Mercedes-Benz beats profit forecast as EV sales surge

BERLIN: Mercedes-Benz Cars & Vans expects an adjusted EBIT of 14 billion euros ($15.94 billion) in 2021, it said...

Published 11 Feb, 2022 02:57pm

Business & Finance

South Korea fines Mercedes $16.9mn over emission rules breach

SEOUL: South Korea's antitrust regulator said on Monday it decided to fine German carmaker Mercedes-Benz and its...

Published 07 Feb, 2022 11:03am

Markets

Daimler AG to rebrand as Mercedes-Benz on Feb. 1

BERLIN: Daimler AG will be formally renamed Mercedes-Benz Group AG on Saturday - nearly a year after the spin-off of...

Published 28 Jan, 2022 05:53pm

Business & Finance

Mercedes-Benz to assemble its EQS electric luxury sedan in India

NEW DELHI: German luxury carmaker Mercedes-Benz plans to start local assembly of its EQS electric sedan in India ...

Published 12 Jan, 2022 02:50pm

Business & Finance

Daimler Truck rolls into stock market after Mercedes split

FRANKFURT: Daimler Truck launched on the Frankfurt Stock Exchange on Friday after the heavy-goods operation was spun...

Published 10 Dec, 2021 02:21pm

Markets

Mercedes-Benz's hands-free drive system clears German authority

BERLIN: Mercedes-Benz's semi-autonomous driving system has been cleared by Germany's car authority, paving the way...

Published 09 Dec, 2021 05:33pm

World

Toyota defends skipping COP26 emissions pledge

TOKYO: Toyota defended a decision not to sign an emissions pledge proposed during the COP26 climate talks on...

Published 11 Nov, 2021 05:20am

Business & Finance

Daimler quarterly profits up despite chip crisis

BERLIN: German luxury automaker Daimler on Friday reported a strong profit boost in the third quarter despite a ...

Published 29 Oct, 2021 02:05pm

Business & Finance

With help from Tesla, nearly 80% of Norway's new car sales are electric

OSLO: Demand for Tesla Inc's mid-sized models helped push up electric car sales in Norway to nearly 80% of total car...

Published 04 Oct, 2021 10:57am

Business & Finance

Daimler to keep 35% stake in trucks spin-off as separation nears

Daimler, in turn, will be renamed Mercedes-Benz Group AG to reflect its focus on the car and van business including the Mercedes-Benz brand

Published 30 Jul, 2021 07:36pm

Business & Finance

Going electric: carmakers make the switch

PARIS: Leading automakers have signalled their intention to scrap internal combustion engines by 2030 or cut back...

Published 26 Jul, 2021 05:21am

Business & Finance

Mercedes-Benz unveils its 2022 EQS Luxury Electric Sedan

Mercedes-Benz has finally unveiled its 2022 EQS Luxury Electric Sedan, featuring a two-tone paint design, larger battery, a huge infotainment screen, and luxurious interior.

Published 16 Apr, 2021 06:39pm

Business & Finance

Mercedes unveils electric compact SUV in bid to outdo Tesla

The EQA, the first of several electric models Mercedes-Benz plans to launch this year.
The SUV will go on sale in Europe on Feb 4 at what board of management Britta Seeger described as "very attractive price points".

Published 20 Jan, 2021 06:50pm

Business & Finance

Mercedes sales boss confident will resolve semiconductor shortages

We are confident that, together with the suppliers, we will get this issue in hand.
She said car deliveries in January were secured but that the company was, with suppliers.

Published 20 Jan, 2021 06:48pm

Business & Finance

Mercedes Benz ends luxury car prodution in Brazil, shutting down small plant

The company said in a statement that the pandemic had caused a drop in demand for luxury vehicles that made it unsustainable to keep the factory open.

Published 17 Dec, 2020 08:27pm

Markets

Aston Martin gains capital injection and strengthens Mercedes link

Shares in the company jumped as much as 12.8% after it said late on Tuesday that Daimler's Mercedes-Benz would lift its stake in the British carmaker to up to 20% by 2023.
Mercedes will not put up any cash but will be given the shares in exchange for expanding an existing supply agreement.

Published 28 Oct, 2020 04:42pm

Business & Finance

Daimler to cut fixed costs and take Mercedes more upmarket

Mercedes-Benz to focus on limousines, SUVs.
To cut fixed costs, capex, R&D by more than 20%.
Mercedes aiming for double digit margins in good times.

Published 07 Oct, 2020 01:05am

Business & Finance

After Tesla's fart mode, Mercedes bets on comfort to blow customers away

It has led the Lastenheft, or engineering blueprint, of the S-Class to expand from a pamphlet into a huge tome.
"The Lastenheft for this S-Class which was conceptualised in 2014 is now 689 pages long," Weissinger said at the Daimler-owned company's factory in Sindelfingen.

Published 02 Sep, 2020 08:25pm

Business & Finance

Daimler agrees to US diesel settlements worth nearly $3bn

The German carmaker said it expects the costs of the settlements with US authorities will total $1.5 billion.
A spokesman for CARB confirmed the settlement "will reach $1.5 billion and affects 250,000 vehicles nationwide."

Published 14 Aug, 2020 02:21am

Gainers
Losers
Leaders

Stock	Price
Equity Modaraba / Aug 19 First Equity Modaraba(FEM)	8.00 ▲ 1.00 (14.29%)
Unicap Modaraba / Aug 19 Unicap Modaraba(UCAPM)	3.10 ▲ 0.38 (13.97%)
WorldCall Telecom / Aug 19 Worldcall Telecom Limited(WTL)	1.45 ▲ 0.15 (11.54%)
Popular Islamic / Aug 19 Popular Islamic Modaraba(PIM)	9.49 ▲ 0.98 (11.52%)
Pervez Ahmed Co / Aug 19 Pervez Ahmed Consultancy Services Ltd.(PASL)	1.00 ▲ 0.10 (11.11%)
J.A.Textile / Aug 19 J.A. Textile Mills Limited(JATM)	8.10 ▲ 0.74 (10.05%)
B. F. Mod. / Aug 19 B.F. Modaraba(BFMOD)	5.50 ▲ 0.50 (10.00%)
First Fid. Leasing / Aug 19 First Fidelity Leasing Modaraba(FFLM)	2.63 ▲ 0.23 (9.58%)
Int. Knit. / Aug 19 International Knitwear Limited(INKL)	11.25 ▲ 0.96 (9.33%)
Hira Textile / Aug 19 Hira Textile Mills Limited(HIRAT)	2.15 ▲ 0.17 (8.59%)

Stock	Price
Sec. Inv. Bank / Aug 19 Security Investment Bank Limited(SIBL)	5.00 ▲ -0.78 (-13.49%)
Premier Insurance / Aug 19 Premier Insurance Limited(PINL)	6.91 ▲ -0.98 (-12.42%)
Universal Ins. / Aug 19 The Universal Insurance Company Limited(UVIC)	4.51 ▲ -0.44 (-8.89%)
Amreli Steels / Aug 19 Amreli Steels Limited(ASTL)	28.55 ▲ -2.31 (-7.49%)
Al-Khair Gadoon / Aug 19 Al-Khair Gadoon Limited(AKGL)	30.81 ▲ -2.49 (-7.48%)
P.I.A.C.(A) / Aug 19 Pakistan International Airlines Corp(PIAA)	4.80 ▲ -0.38 (-7.34%)
Data Agro / Aug 19 Data Agro Limited(DAAG)	16.70 ▲ -1.24 (-6.91%)
Fazal Cloth / Aug 19 Fazal Cloth Mills Limited(FZCM)	228.00 ▲ -15.99 (-6.55%)
Sapphire Textile / Aug 19 Sapphire Textile Mills Limited(SAPT)	1065.10 ▲ -71.62 (-6.30%)
K-Electric Ltd. / Aug 19 K-Electric Limited(KEL)	3.50 ▲ -0.23 (-6.17%)

Stock	Volume
WorldCall Telecom / Aug 19 Worldcall Telecom Limited(WTL)	169,849,000 ▼ 0.00
Cnergyico PK / Aug 19 Cnergyico PK Limited(CNERGY)	62,752,512 ▼ 0.00
K-Electric Ltd. / Aug 19 K-Electric Limited(KEL)	57,824,000 ▼ 0.00
Pak Refinery / Aug 19 Pakistan Refinery Limited(PRL)	40,903,331 ▼ 0.00
P.I.A.C.(A) / Aug 19 Pakistan International Airlines Corp(PIAA)	19,025,000 ▼ 0.00
G3 Technologies / Aug 19 G3 Technologies Limited(GTECH)	16,774,500 ▼ 0.00
Silk Bank Ltd / Aug 19 Silkbank Limited(SILK)	14,889,000 ▼ 0.00
Hascol Petrol / Aug 19 Hascol Petroleum Limited(HASCOL)	14,878,000 ▼ 0.00
Waves Singer / Aug 19 Waves Singer Pakistan Limited(WAVES)	9,719,000 ▼ 0.00
Pace (Pak) Ltd. / Aug 19 Pace (Pakistan) Limited(PACE)	9,177,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 17	215.90
USD PKR Interbank Buying / Aug 17	214.90
USD to Japanese Yen / Aug 17	134.93
USD to Swiss Franc / Aug 17	0.95
Pound Sterling to USD / Aug 17	1.21
Euro to USD / Aug 17	1.02
UK LIBOR % / Aug 17	2.32

Stock	Volume
S&P 500 / Aug 17	4274.04
India Sensex / Aug 17	60260.13
Tokyo Nikkei / Aug 17	28956.39
Nasdaq / Aug 17	12938.12
Hang Seng / Aug 17	19991.94
FTSE 100 / Aug 17	7515.75
Dow Jones / Aug 17	33980.32
Germany DAX 30 / Aug 17	13626.71
France CAC40 / Aug 17	6528.32

Item	Value
Crude Oil USD/Barrel / Aug 17	87.95
Karachi Cotton PKR/37.32 KG / Aug 17	19735.00
Gold 10 Grams PKR / Aug 17	121900.00
Gold Spot USD/Ounce / Aug 17	1766.43
Cotton US¢/pound / Aug 17	114.60

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