decline

WORLD

Mercedes-Benz reports significant decline in profits compared to last year

September 22, 2024
decline
mercedes benz
profits

The lowered outlook for Mercedes-Benz has had a negative impact on other German automotive stocks. Shares of the premium car manufacturer fell by more than 6% due to profit warnings, as reported by DPA and CNBC. Mercedes-Benz has reduced its profit forecast for this year, citing weak demand in China. The company now expects its […]