Mercedes-Benz ranked first in the ranking of the world’s most valuable automobile brands, leaving behind the previous leading electric car, Tesla. This data was shared by a consulting company Brand Finance.
Last year, Tesla cars were in first place; before that, Mercedes-Benz was already the most expensive brand. Currently, the value of Mercedes-Benz has increased by 1 percent to 59.4 billion dollars, and the value of the Tesla brand has decreased by 12 percent to 58.3 billion dollars.
Brand Finance analysts attribute this change in the market to scandals related to the company’s founder, Elon Musk; His statements negatively affect Tesla’s reputation.
After the two leaders, the three most valuable automobile brands were Toyota ($52.7 billion), Porsche ($43.1 billion) and BMW ($41 billion).
China’s most valuable automobile brand is electric car manufacturer BYD. It grew by 20 percent and reached 12.1 billion dollars.
Mercedes models in February discovered a dangerous marriage, but it will not be annulled in Russia. It is stated that the recall campaign will affect AMG GT, C-Class, CLE, E-Class, EQE, EQS, GLC, S-Class and SL cars. All cars were produced in 2023. These machines were equipped with fuses that did not meet safety requirements. This may cause the power unit to malfunction. Also, cars can catch fire.
Former Mercedes car overthrown A head-on accident in Moscow.
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Source: Gazeta
Anika Rood is an author at “Social Bites”. She is an automobile enthusiast who writes about the latest developments and news in the automobile industry. With a deep understanding of the latest technologies and a passion for writing, Anika provides insightful and engaging articles that keep her readers informed and up-to-date on the latest happenings in the world of automobiles.