Mercedes-Benz: Net profit plunges by half - stock rises nonetheless!

Mercedes-Benz is experiencing noticeable headwinds this year, yet the stock market is reacting remarkably calmly. Although the premium manufacturer’s profit is falling sharply, the stock is currently up more than 5%. The company refers to an ongoing challenging market environment but shows determination to continue on its chosen course. "We are fully focused on technology and profitability," states the management. Particularly the core business with passenger cars is impacting profit In the first 9 months of this year, Mercedes-Benz reports...