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Profit decline: Why Mercedes still focuses on China

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Published: July 29th, 2024,
Last updated: August 31st, 2024

Mercedes sold noticeably fewer cars in the second quarter, particularly in its most important foreign market, China, and consequently recorded a significant drop in profits. Sales in the People’s Republic fell by six percent year-on-year, while the company’s net profit fell by 15.9 percent to 3.06 billion euros, the German manufacturer announced.

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Mercedes Benz