Mercedes-Benz abruptly lowers profit forecast over weak China sales
Mercedes profit warning demonstrates how dependent luxury brands have become from the Chinese marketplace. /Mercedes
Luxury automaker Mercedes-Benz has revised its annual profit target downward for the second time this year, citing a challenging economic climate, particularly in China. This revised forecast follows a similar downgrade earlier this year due to weak second-quarter results. As the headwinds for Germ
Comments
Ready to join the conversation?
You must be an active subscriber to leave a comment.
Subscribe Today