Mercedes Profits Hit by Competition, China Slump
Mercedes-Benz Group AG’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. Bloomberg’s Oliver Crook reports. #press
https://www.bloomberg.com/news/videos/2024-10-25/mercedes-profits-hit-by-competition-china-slump-video?utm_source=press.coop
Bloomberg :press: /
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2024-10-25 06:03:24
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2024-10-25 06:03:24Event JSON
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