From Yahoo Finance: 2025-05-12 14:39:00

Mercedes-Benz CEO Ola Källenius reassures customers and business partners that the company will not raise prices to offset Trump’s tariffs. With a focus on long-term growth, the company remains stable despite uncertain times. The automaker plans to produce the GLC SUV in Alabama to avoid some tariffs.

The Trump administration eases tariffs on autos, allowing automakers to be reimbursed up to 3.75% for US-assembled vehicles in year one. Mercedes-Benz sold over 374,000 vehicles in the US last year, with more than half imported. The company faces challenges as profits and revenue decline in the first quarter.

Despite a 4% decline in car sales, Mercedes-Benz remains focused on long-term growth in the US market. Källenius emphasizes stability and avoids hasty decisions on price increases. The company withdraws financial outlook amidst ongoing tariff uncertainties.

Read more: No plans to introduce new earnings guidance, price hikes