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CBT automotive newscast: September 29, 2020

CBT News - 0
Today’s Featured Interview: NADA Vice Chairman Paul Walser reflects on COVID-19 challenges and looks ahead to 2021 With 26 dealerships, Walser Automotive Group is the 56th largest auto...

Nicholas Speeks, CEO of Mercedes USA, Takes a Leave of Absence

Josh Isley - 0
Nicholas Speeks, CEO of Mercedes USA is taking a leave of absence Automotive News reports. Speeks took over as the head of Mercedes’s North American division last fall and has diligently worked to navigate the luxury-car maker through the COVID-19 pandemic.  While it’s unknown what prompted the move by Mercedes, Speeks is not expected to return […]
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Daimler

Daimler Profit Projections Lowered with Escalating Trade Tariffs

Kimberly Hurley - 0
Mercedes Benz’s parent company, Daimler, has reported that the escalating trade war between the United States and China is the reason they have cut its profit forecast. This statement comes after the announcement that each country will implement new tariffs beginning on July 6. These include the U.S.’s 25% tariffs on $50 billion worth of […]
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