Reported 28 days ago
Despite a preliminary trade deal reducing tariffs to 15%, both Mercedes and Porsche face significant financial challenges due to previous tariffs, declining sales, and shifting consumer preferences in key markets like the U.S. and China. Mercedes reported a substantial drop in revenues and profits, prompting a lowered outlook for 2025, while Porsche also disclosed a decrease in revenue, attributing its struggles to high tariff costs and changing buyer behavior. Both companies highlight that these challenges are unlikely to resolve soon.
Source: YAHOO