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Mercedes-Benz Faces €14 Billion Profit Plunge | Markets & Money News
Mercedes-Benz is grappling with a hefty €14 billion drop in annual operating profit since 2022, raising alarms among investors. Analysts from Citi highlight that the struggles extend beyond declining sales in China, projecting a steep fall in contributions from the market. Non-China earnings also plummeted dramatically, and vehicle prices have significantly decreased, leading to further revenue losses. Citi suggests a restructuring to address these challenges, indicating that the auto industry,
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