Mercedes-Benz

Mercedes-Benz is part of German manufacturer Daimler AG, and the brand is used for luxury automobiles, buses, coaches, and trucks. The name first appeared in 1926 under Daimler-Benz but traces its origins to Daimler's 1901 Mercedes and to Karl Benz's 1886 Benz Patent Motorwagen, widely regarded as the first automobile.

Chinese regulator fines Mercedes-Benz 350 million yuan for price fixing

The fine handed out to Mercedes-Benz in China is the highest so far for antitrust violations investigated in the country last year. Photo: Bloomberg

German carmaker Daimler's Mercedes-Benz has been fined 350 million yuan (HK$443 million) by a provincial pricing regulator for fixing the cost of vehicles.

Friday, 24 April, 2015, 6:10am 1 comment

Daimler CEO says no sign of slump in China, BMW more cautious

The symbol of Mercedes-Benz sits in front of the Daimler branch in Shanghai, China, as its CEO says he sees no sign of a slowdown n car sales in the country. Photo: AFP

Daimler Chief Executive Officer Dieter Zetsche said he saw no signs of a significant slump in sales for Mercedes-Benz luxury cars in China, even as rival BMW struck a more cautious tone.

13 Jan 2015 - 12:16pm

China finds Mercedes-Benz guilty of price manipulation

Jiangsu province's price bureau has found evidence of price manipulation at Mercedes-Benz car dealers in five cities and at the German brand's Shanghai office. Photo: Reuters

Mercedes-Benz has been found guilty of fixing prices for car parts and after-sales services, according to antitrust authorities in Jiangsu.

19 Aug 2014 - 5:53pm 16 comments

India's luxury car sales accelerating

India's big spenders are executives, ex-farmers and a younger, rich generation with different values from their parents. Photo: Bloomberg

German giant Mercedes-Benz admits it was "a little surprised" when Indian customers snapped up 125 of its new top-of-the-line S-Class luxury cars costing 15.7 million rupees (HK$1.96 million) each in just 16 days.

10 Feb 2014 - 4:46pm

Mercedes-Benz rekindles panda bond hopes in China

Mercedes-Benz is said to have hired Bank of China to work on a deal to raise funds in the mainland's interbank market. Photo: Bloomberg

German carmaker Mercedes-Benz plans to sell yuan-denominated bonds in the onshore debt market - known as "panda bonds" - mainland state media reported, making the car giant the first non-financial institution to sell such bonds and rekindling hopes of a handful of foreign companies raising funds onshore directly.

22 Jan 2014 - 4:39pm

Mercedes' lawyer hits out at FIA in tyre test tribunal

Jean Todt of the FIA

Mercedes accused Formula One's governing body of double standards yesterday at a tribunal that could impose stiff sanctions on their team for allegedly breaking the rules with a 'secret' tyre test.

8 May 2015 - 4:27pm

German carmakers lose Hong Kong market share after tax break ends

German carmakers lose Hong Kong market share after tax break ends

German car brands are losing market share in Hong Kong as a weaker yen and a new emissions rule that has squeezed European cars out of a tax incentive scheme since April have made their Japanese rivals more competitive.

17 Jun 2013 - 5:47am

Mercedes driver Lewis Hamilton steers clear of 'Tyregate'

Lewis Hamilton. Photo: AP

Lewis Hamilton said he had ignored the controversy about the Mercedes "Tyregate" scandal because he is more concerned about feeling at one with his car in this weekend's Canadian Grand Prix.

8 May 2015 - 4:27pm

Feisty and sneaky all in the F1 game

Feisty and sneaky is all in the game of F1. Photo: AFP

Having made a schoolboy error and exited the race embarrassingly , a driver can march down the pit lane, visor lowered and he doesn't have to talk to the media or the boss.

8 May 2015 - 4:27pm

Mercedes could face tribunal after protests over tyre testing

A mechanic pushes a trolley of Pirellis tyres. Photo: Reuters

The latest row engulfing Formula One could end up going before another hearing after Red Bull and Ferrari launched official protests against Mercedes, alleging the team breached rules by conducting in-season tyre testing with manufacturer Pirelli following the Spanish Grand Prix two weeks ago.

8 May 2015 - 4:27pm

Daimler unveils new flagship Mercedes model

Daimler says the rear of its new S-class is designed with chauffeur-driven Asians in mind. Photo: AP

Daimler has unveiled the newest version of its S-Class model from luxury Mercedes-Benz brand, a key part of the company’s effort to restore its earnings performance.

8 May 2015 - 4:27pm

Record car sales on line as quality questioned

Joachim Schmidt, sales chief at Mercedes. Photo: EPA

Volkswagen, Daimler and BMW posted record sales for last year, fuelled by demand in China.

But this year, that growth is at risk as the government in Beijing steps up scrutiny of the carmakers and media outlets question their quality.

8 May 2015 - 4:27pm

Germany's carmakers go abroad to grow

As the yen weakens and Europe's debt crisis spreads, Volkswagen and its German peers are planning to spend more than US$25 billion by 2017 to expand production outside their home region and insulate themselves from currency convulsions.

8 May 2015 - 4:27pm

Hamilton keen to build on strong start

Lewis Hamilton. Photo: EPA

Lewis Hamilton, who won the 2008 world championship while at McLaren, got Mercedes' first points of the season after teammate Nico Rosberg failed to finish the race when his car suffered electronics problems.

8 May 2015 - 4:27pm

Mainland China owners get more than they bargained for with trophy cars

More than 300 Mercedes owners on the mainland complained about excessive formaldehyde levels inside their cars. Photo: Bloomberg

Last year, more than 300 Mercedes owners on the mainland complained about excessive formaldehyde levels inside their cars. Some BMW owners have also been complaining online.

8 May 2015 - 4:29pm

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