Car of the Week: This 1934 Mercedes-Benz 500 K Could Fetch Up to $2 Million at Auction
Ninety years ago, Mercedes-Benz‘s 500 K Special Roadster was arguably the coolest car money could buy. With its flowing fenders, mile-long hood, muscular 5.1-liter supercharged straight-eight engine, and raked-back windscreen, the model was the dream machine of the period. Naturally, its rarity was part of its rarified appeal.Mercedes-Benz Teamed up With Moncler for This New Ultra-Exclusive G-Wagen Between 1934 and 1936, Mercedes built just 342 examples of the 500 K. Of these, 29 were bodied as two-seat, open-top Special Roadsters. Fewer still—around five—were commissioned with a sweeping “long-tail” body. And just two of these featured the spare wheel hidden away under...
Mercedes-Benz to ramp up cost-cutting after profit drops by 50%
Mercedes-Benz on Friday said it plans to ramp up cost-cutting efforts after its net profit halved in the third quarter amid weak demand in China. The German automaker cut its full-year profit margin twice during the third quarter, down to 4.7% from 12.4% a year before, as European car companies see their sales falter amid a weak Chinese economy. “We are taking a prudent view about market evolution going forward and we will step up all efforts on further efficiency increases and cost improvements across the business,” Chief Financial Officer Harald Wilhelm said in a statement. Mercedes-Benz shares dipped 1.2% on Friday. BMW...