Mercedes-Benz on Wednesday said it took about a $420 million hit to its car division this year due to auto tariffs. The Wall Street Journal reported that the German automaker is looking at an approximately $1.7 billion decline for the year, based on estimates.

Benz will pause deliveries of its EQ electric range to the United States, the carmaker said on Wednesday as it responded to slowing demand and high inventories at dealerships. Since President Donald Trump's spending bill earlier this month cut tax EV credits sooner than anticipated,

A new report says Mercedes-Benz will temporarily stop building the all-electric EQE and EQS sedans and SUVs for American customers as of Sept. 1.