Two Blokes

Mercedes-Benz and Porsche slash outlooks as US tariffs and China sales hit profits

  • click to rate
    Posted by Two Blokes Jul 30 - Filed in Stock - 4 views
    German carmakers Mercedes-Benz and Porsche both issued warnings on Wednesday as new US tariffs and falling sales in China dealt a heavy blow to their second-quarter results. Mercedes-Benz reported that net profit tumbled nearly 70% to €957 million, missing analyst expectations.