Frankfurt, Germany, Sept 20, 2024 (AFP) - Mercedes stock falls after new profit warning

NAMPA / AFP

2024-09-20

German auto manufacturer Mercedes-Benz fell sharply on the Frankfurt Stock Exchange on Friday after the group lowered its outlook on the back of weak sales in its key Chinese market. Mercedes shares had lost almost seven percent around 10:00 am local time (0800 GMT) shortly after markets opened. The Stuttgart-based group said late Thursday it now expected its operating profit to be "significantly below the prior year level". Previously, the car......

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