Mercedes-Benz

A bipartisan group of U.S. senators, led by Bernie Moreno (R-Ohio) and Elissa Slotkin (D-Mich.), is fast-tracking legislation to permanently ban Chinese-made vehicles from the U.S. market, citing national security and economic threats. The bill would codify existing restrictions and prohibit companies with over 15% Chinese ownership from selling vehicles in the U.S., potentially affecting Mercedes-Benz. The push coincides with President Trump's meeting with Chinese President Xi Jinping in Washington.

7 reports · 3 sources · Updated Sep 29, 05:09 PM UTC

AI coding startup Cognition announced its annualized revenue run rate has surpassed $1 billion, doubling from $492 million in May. The company recently closed a $2 billion Series E funding round led by Andreessen Horowitz and Accel, reaching a $48 billion valuation. Its AI agent Devin is used by clients including Nvidia, Citigroup, and Mercedes-Benz.

8 reports · 5 sources · Updated Sep 26, 04:22 AM UTC

On September 25, Mercedes-Benz launched the facelifted Mercedes-Maybach S-Class in China, priced from 1.398 million to 3.353 million yuan. The model debuts the MB.OS architecture, an on-device multimodal VLM large model for the intelligent cockpit, and the first high-level assisted driving system in the ultra-luxury market, co-developed with Chinese firm Momenta. The system supports urban and highway navigation, with future OTA updates planned for parking-to-parking capability. The grille is 20% larger, and the MANUFAKTUR program offers over 150 exterior colors.

7 reports · 3 sources · Updated Sep 25, 07:04 AM UTC

Mercedes-Benz is pursuing an aggressive cost-cutting plan in Germany, targeting approximately €800 million in labor cost savings. Management has warned employees that two German factories could face closure if workers do not increase input and cooperate with cost targets. Measures under consideration include extending working hours without additional pay, adjusting holiday and Christmas bonuses, or eliminating special subsidies. The automaker declined to comment on ongoing negotiations.

5 reports · 4 sources · Updated Sep 24, 10:22 AM UTC

On September 21, Chinese Commerce Minister Wang Wentao held separate talks with European and German auto industry leaders, urging the EU to avoid protectionist measures and resolve trade differences through dialogue. Wang met with ACEA President Ola Källenius via video call and with VDA President Hildegard Müller in Beijing. Both sides reaffirmed support for free trade, open markets, and continued investment cooperation, as tensions simmer over potential EU tariffs on Chinese electric vehicles.

14 reports · 8 sources · Updated Sep 23, 01:27 AM UTC

US President Donald Trump confirmed that US and Iranian officials held a three-hour meeting in New York on September 22, describing the talks as "very productive" and "smooth." Trump stated another meeting will be arranged soon. US Special Envoy Steve Witkoff and Jared Kushner participated. Trump did not rule out a potential US-Iran agreement after the November midterm elections. The meeting occurred on the sidelines of the 81st UN General Assembly session.

7 reports · 4 sources · Updated Sep 23, 01:12 AM UTC

Volkswagen has been removed from the Euro Stoxx 50 index for the first time in 15 years, effective September 21, following a routine review by index compiler Stoxx. The exclusion reflects severe operational pressures, including a 30.7% drop in net profit, a profit warning cutting its 2026 operating margin forecast to up to 1%, and a historic restructuring plan to cut 100,000 jobs. Volkswagen's shares have fallen over 75% from their 2021 peak and are trading near 16-year lows. The company stated index inclusion does not change its fundamental strength.

13 reports · 8 sources · Updated Sep 22, 03:44 AM UTC