Mercedes-Benz Slashes Profit Target Again, Blaming Slowing China Market
Mercedes-Benz’s profit outlook has taken a hit as China’s luxury car market slows. Shares plummet 7.5%. Mercedes-Benz has joined a growing chorus of automakers facing headwinds in China,cutting its full-year profit margin target for the second time in less than two months.
Benz Group AG called for an easing of emissions rules and is backing Mario Draghi’s proposals to boost European ...
Mercedes-Benz has sold its remaining 10% stake in premium EV and hybrid maker Denza to BYD in the wake of disappointing sales ...
"Mercedes cuts profit margin target again" was originally created and published by Just Auto, a GlobalData owned brand.
Adjusted returns from Mercedes' main cars unit are now expected in a range of 7.5 to 8.5 percent, compared with a prior ...
German auto giant Mercedes-Benz is recalling more than half a million cars in China due to a technical defect. The Chinese ...
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