Mercedes slashes outlook in latest blow to German industry

Maybach production Arc 24 — Mercedes-Maybach S-Class vehicles are pictured on the assembly line in Sindelfingen, Germany. (BLOOMBERG)

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By:

Bloomberg

September 20, 2024 08:24 AM

Mercedes-Benz cut its financial forecast for the year, citing a rapid deterioration of its business in China, in the latest blow to Germany’s struggling industrial sector.

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