By Iain Gilbert
Date: Tuesday 30 Apr 2024
(Sharecast News) - German automotive group Mercedes-Benz said on Tuesday that Q1 earnings had plummeted as it was weighed down by model changes and soft demand for electric vehicles.
Mercedes-Benz stated adjusted underlying group earnings dropped to €3.86bn, down 30% year-on-year and short of consensus estimates of €3.87bn.
In its...
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