ZeroHedge· Tyler Durden·· 3 hr agoAI Score32
Mercedes-Benz Cuts Full-Year Performance Outlook, Earnings Warnings Emerge Densely Among European Automakers
Mercedes Slashes Outlook As China Demand Hits Wall; Europe's Auto Profit Warnings Pile Up
AI summary
Mercedes-Benz Group AG has lowered its full-year 2026 performance outlook due to deteriorating demand in the Chinese market and rising input costs. The adjusted operating margin forecast for its core passenger vehicle segment has been reduced from a maximum of 5% to 2%-3%, and the group's EBIT is expected to be roughly flat.
Source:ZeroHedge · zerohedge.com