International Companies

Mercedes-Benz scales back sales targets after weak Q3 results

By Benjamin Chiou

Date: Friday 25 Oct 2024

(Sharecast News) - Mercedes-Benz became the latest in a string of automakers to issue a cautious outlook on Friday as profits in its car division slumped due to macro challenges and heightened competition, particular in China.
The German manufacturer admitted that third-quarter results "did not meet our ambitions", as adjusted EBIT...

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