Reported 1 day ago
In 2024, Mercedes-Benz experienced a 3% decrease in car sales, selling 1,983,400 vehicles, primarily impacted by a 7% drop in China and a 3% decline in Europe. Battery-electric vehicle sales also plummeted by 23%, prompting the company to adjust profit margin targets and implement cost-cutting measures due to stricter EU emissions regulations and a tough market outlook.
Source: YAHOO