🚗 Mercedes-Benz announces bad results: profit down, lower sales and pressure on electric cars!
Mercedes-Benz $MBG.DE announced results for 2024 that didn't please too much. Profit dropped by 28 % to 10.4 billion euros, mainly due to lower sales in the key markets of Germany and China. The carmaker is now trying to adapt to the new reality and plans to cut costs by 2027 by 10 %,...
Read more
Great company, however, I don't find European car companies interesting anymore, as they are really not doing well right now.