Mercedes-Benz reports profit plunge on China sales slump

poslovni.hr

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The German auto industry has suffered heavy blows, but the French remain optimistic.

Tichys Einblick

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In 2024, the Stuttgart-based automaker suffered a severe break in profits: Group earnings fell by 28 percent to 10.4 billion euros, as the company announced. Sales also declined by 4.5 percent to 145.6 billion euros in the past financial year. The main reason for this decline is the ongoing sales crisis. Mercedes-Benz was only able to sell around 2.4 million vehicles worldwide – a minus of 4 percent compared to the previous year. The Mercedes-Be…

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Mercedes-Benz reports profit plunge on China sales slump

Frankfurt, Germany (AFP) Feb 20, 2025 Mercedes-Benz said Thursday its profits plunged by almost a third last year amid a sales slump in China and a slowdown in its electric car business, and announced a cost-cutting drive. The German car giant's net profit fell to 10.4 billion euros ($10.8 billion), down 28 percent from 2023, while revenues also slid about four percent to 145.6 billion euros. The group said it planned to sl