News

Mercedes just unveiled the latest version of its most opulent sedan: a $175,000-plus chariot complete with 5 screens and massaging seats

The 2021 Mercedes-Maybach S-Class – the latest generation of the company’s most luxurious sedan – is here. It hits the market in mid-2021 with a starting price in the neighbourhood of $US200,000. The 2021 Mercedes-Maybach S 580 is built for the chauffeured, and comes crammed with ultra-luxurious appointments like massaging […]
Mercedes just unveiled the latest version of its most opulent sedan: a $175,000-plus chariot complete with 5 screens and massaging seats
Lifestyle

The coronavirus outbreak has triggered unprecedented mass layoffs and furloughs. Here are the major companies that have announced they are downsizing their workforces.

The spread of the coronavirus is projected to impact millions of jobs worldwide. Over six months, more than 60 million Americans have filed for unemployment insurance – that’s more than the number of claims filed during the 18-month Great Recession. The travel and hospitality industries have taken a significant hit. […]
The coronavirus outbreak has triggered unprecedented mass layoffs and furloughs. Here are the major companies that have announced they are downsizing their workforces.
News

Daimler, the parent company of Mercedes-Benz and other automotive brands, is shutting down production in Europe as the coronavirus outbreak rages

The Daimler Group has joined Ford and FCA in shutting down vehicle production in Europe. The Daimler Group, headquartered in Stuttgart, Germany, holds numerous brands, such as Mercedes-Benz, Mercedes-AMG, Smart, an Freightliner heavy trucks. Daimler said that the shutdown would last for two weeks, initially. Visit Business Insider’s homepage for […]
Daimler, the parent company of Mercedes-Benz and other automotive brands, is shutting down production in Europe as the coronavirus outbreak rages
Markets

Mercedes-parent Daimler warns the costly transition to electric cars is forming a triple-threat to future profits

Mercedes-builder Daimler anticipates its transition to electric vehicles will further squeeze profits until 2022, Bloomberg reported Thursday. The margin headwinds call for job cuts and capped development spending, CEO Ola Kallenius said at his first major strategy presentation since assuming the role in May. The costs associated with electric-vehicle development […]
Mercedes-parent Daimler warns the costly transition to electric cars is forming a triple-threat to future profits
Markets

Europe’s steel tariff move tips over another domino in Trump’s trade war with China

The EU opted to make previously temporary steel tariffs permanent Wednesday matching US tariffs on imports. The move highlights that protectionism is spreading and Donald Trump’s trade war with China is entrenching itself into global economy. European automakers are “extremely disappointed” with the move restricting imports sending carmakers’ share prices […]
Europe’s steel tariff move tips over another domino in Trump’s trade war with China
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