Mercedes-Benz Cuts 2026 Profit Outlook on Tough China Market
13 Articles
13 Articles
The Mercedes-Benz Group in Stuttgart is struggling with high costs and headwinds from China. This will also be reflected in the balance sheet. The Group revised its forecasts downwards.
Due to weak business in China and rising costs, the automaker expects only an operating result at the previous year's level.
A challenging market environment in China and higher costs in the fourth quarter burden the annual targets of the car manufacturer. Only in the summer there was a sales warning.
Milan, 27 Oct. (askanews) Mercedes-Benz cuts forecasts for 2026 on the eve of the publication of quarterly accounts, due to the growing difficulties on the Chinese market and the increase in costs expected in the fourth quarter, including those of raw materials. The German group now provides for an adjusted operating margin of 2-3% for the car division, [...]
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