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Euronews

Eleanor Butler

Mercedes sees quarterly profit plunge on China weakness and US tariffs

Mercedes United States China Ola Källenius

Mercedes Benz announced a 31% year-on-year drop in third-quarter profit on Wednesday as it contends with weak sales in China and tariffs on US shipments.

Profit dropped to €1.19 billion from €1.71bn the year before, while revenue fell 7% to €32.15bn. Adjusted EBIT, meanwhile, slipped 17% to around €2.1bn.

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