Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Mercedes considers US production shift due to tariffs

Mercedes considers relocating some production to the US due to Trump’s 25% auto tariffs impacting profitability.

Published

on

Mercedes considers relocating some production to the US due to Trump’s 25% auto tariffs impacting profitability.

In Short

Mercedes-Benz is considering moving vehicle production to the US due to Trump’s 25% tariffs, which could affect the GLC model and others.

The tariffs are pressuring profit margins, prompting potential reductions in sales of lower-margin models like the GLA SUV.

Mercedes-Benz Group AG is contemplating relocating production of a vehicle model to the US due to Donald Trump’s 25% auto tariffs.

The production chief, Jörg Burzer, stated that this move may be essential to manage the financial impact of these duties but did not specify which model would be affected.

Tariff effect

Burzer mentioned that the company is still evaluating the effects of the tariffs, highlighting the importance of flexibility in their plans.

German automakers, including Mercedes, are significantly impacted by the US’s increased levies on auto imports. The demand for SUVs remains strong, while the transition to electric vehicles among US consumers is slower than anticipated.

The GLC, Mercedes’ most popular imported model, sold 64,163 units in the US last year, marking a 58% increase from the previous year. The GLC starts at just under $50,000 and has lower profit margins compared to higher-end models like the S-Class sedan and G-Wagon, making it more vulnerable to the effects of tariffs.

The newly implemented 25% tariff has caused turbulence within the auto industry, leading consumers to secure purchases quickly and resulting in a decline in shares amid concerns about rising costs. There are reports that Mercedes may reduce sales of lower-margin models, such as the GLA SUV, as the tariffs threaten to diminish profitability.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

News

Global stocks wobble as Davos kicks off and Trump reshapes geopolitics

Global markets faced volatility amid Davos discussions on inflation and Trump’s Greenland deal, heightening geopolitical risks.

Published

on

Global markets faced volatility amid Davos discussions on inflation and Trump’s Greenland deal, heightening geopolitical risks.


Global stock markets endured a volatile week as world leaders gathered in Switzerland for the World Economic Forum, with investors closely watching signals on inflation, interest rates and geopolitical risk.

The Davos meetings set a cautious tone, as uncertainty weighed on market sentiment across regions.

Adding to the tension, Donald Trump announced a deal involving Greenland, reigniting debate over strategic assets and global influence. The unexpected move injected fresh geopolitical risk into markets already grappling with an unsettled global outlook.

Kyle Rodda from Capital.com, breaks down how markets are reacting, what the Greenland announcement could mean for investors, and what to watch next as Davos concludes.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#GlobalMarkets #Davos #WorldEconomicForum #Trump #Greenland #Stocks #Geopolitics #Ticker


Download the Ticker app

Continue Reading

News

Zelenskyy reveals planned UAE talks with Russia and the United States

Zelenskyy announces trilateral talks with Russia and the US in UAE, urging stronger European political will at the World Economic Forum.

Published

on

Zelenskyy announces trilateral talks with Russia and the US in UAE, urging stronger European political will at the World Economic Forum.


Volodymyr Zelenskyy says trilateral talks with Russia and the United States are planned in the United Arab Emirates as efforts to end the war intensify.

He also criticised European leaders at the World Economic Forum, calling for stronger political will.


Download the Ticker app

Continue Reading

News

Albanese apologises to Jewish community at Bondi attack memorial

Albanese apologizes to Jewish community, pledges to combat antisemitism after Bondi terror attack during Sydney memorial.

Published

on

Albanese apologizes to Jewish community, pledges to combat antisemitism after Bondi terror attack during Sydney memorial.


Anthony Albanese has apologised to the Jewish community, saying Australia failed to keep people safe after the Bondi terror attack.

Speaking at a memorial in Sydney, he pledged to confront antisemitism and stand with families and first responders in grief and unity.


Download the Ticker app

Continue Reading

Trending Now