Mercedes-Benz Q3 car earnings drop 64% due to decreased demand for luxury vehicles in China.

Mercedes-Benz reported a 64% decline in car earnings for the third quarter, primarily due to decreased demand for luxury vehicles in China. This drop highlights challenges in the luxury market as consumer preferences shift. The company is now facing pressures to adjust its strategies to address these changing market conditions and maintain profitability.

October 25, 2024
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