Mercedes-Benz Lowers Profit Forecast Due to China Slowdown
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Mercedes-Benz has significantly reduced its profit forecast for 2026, citing weak business in China and rising costs. The German automaker now expects its core profit to remain flat at €5.8 billion, abandoning its earlier forecast of 15% growth. This revision follows similar moves by competitors Volkswagen and BMW, highlighting the challenges faced by German automakers in the Chinese market. Mercedes-Benz's stock temporarily lost more than five percent following the announcement.
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