German Manager Magazine: Mercedes: Profits collapse, shareholders rejoice004518

Sharply falling sales in China and burdens from the US import tariff, along with special effects, caused Mercedes-Benz’s profits to collapse in the third quarter. From July to September, the adjusted operating profit shrank by 17 percent to 2.1 billion euros, as the car manufacturer announced on Wednesday. Mercedes cited low sales volume and higher… Continue reading German Manager Magazine: Mercedes: Profits collapse, shareholders rejoice004518