Mercedes Q3 earnings miss Wall Street estimates, cites US-China EV wars as reason
Auto giant Mercedes saw a steep drop in third‑quarter profits, with operating profit plunging by 70% year‑over‑year to €750 million ($873 million)., according to earnings report released by the company on Wednesday. The company pointed straight to the tariffs imposed by President Donald Trump on vehicles imported into the United States, and to weakening demand [...]