Mercedes car earnings plunge

Mercedes-Benz electric car sales plunge by a third as Chinese competition and stuttering demand hit home
The German carmaker said it had seen a 31% drop in sales of battery-powered cars from a year earlier as it reported its Q3 earnings on Friday.
Mercedes-Benz electric cars: Your questions answered
Here’s what you need to know about the Mercedes-Benz range of electric cars, including prices, equipment and charging speeds. The post Mercedes-Benz electric cars: Your questions answered appeared first on Motoring Electric.
Mercedes car earnings plunge 64% in Q3 on weak luxury demand in China
German premium automaker Mercedes-Benz on Friday said third-quarter earnings in the core car division plunged by 64% as Chinese consumers continued to cut back on luxury goods off the back of a weakening economy.
Weakness in China causes Mercedes-Benz's profits to plummet
German carmaker Mercedes-Benz has suffered a sharp drop in profits in the third quarter due to the weakness of the important Chinese market. Mercedes-Benz reported on Friday that it also expects its earnings before interest and taxes (EBIT) and revenue to decline for the full year.
Mercedes Profits Hit by Competition, China Slump
Mercedes-Benz's key gauge of profitability slid to 4.7% in the third quarter, undershooting the company's minimum target of 8%. The company plans to step up cost improvement measures after fierce competition and weaker demand in China hit the luxury-car maker's profits.
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