Mercedes-Benz earnings hit by 'intense price competition'

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Mercedes-Benz earnings hit by 'intense price competition'
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Mercedes-Benz (MBG.DE) shares fell after reporting a decline in revenue and profit in the third quarter, citing electric vehicle market challenges and supply...

) shares fell after reporting a decline in revenue and profit in the third quarter, citing electric vehicle market challenges and supply chain issues. The company said"intense price competition, particularly in the electric vehicle segment" was part of a reason for the reason for the decline. Yahoo Finance Senior Autos Reporter Pras Subramanian breaks down the results.

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