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flag Mercedes-Benz reports a significant drop in 2024 profits and revenues, facing challenges in China and EV sales.

flag Mercedes-Benz reported a 28% drop in net profit to €10.4 billion and a 4% fall in revenues to €145.6 billion in 2024. flag The decline is linked to weaker sales in China and a 23% drop in electric vehicle sales. flag Mercedes plans to cut production costs by 10% by 2027 and anticipates lower sales and thinner profit margins in 2025. flag The company faces challenges from the shift to electric vehicles and increased competition from Chinese firms.

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