Automotive Sector Struggles as Mercedes Faces Challenges
A 1 billion euro hit from US tariffs, foreign exchange, and Chinese competition impacted results.
Revenue reached 1.2 billion euros with a 5% return on sales.
Shares fell 5.3% after announcing 2026 cost cuts and margin-restoration plans.
Sector-wide weakness persists amid a strong euro and uneven auto demand.
1 week ago