Mercedes-Benz expects the adjusted return on sales of its cars division for the full year to hit the lower end of its 12-14% forecast, the company said on Thursday, as it reported a drop in third-quarter earnings due partly to lower deliveries.
Preparations at the Mercedes-Benz booth with the Mercedes-Benz Vision EQXX automobile ahead of the Munich Motor Show in Munich, Germany, on Sunday, Sept. 3, 2023. The biennial motor show, one of Europe's most important automotive events, opens on Tuesday, Sept. 5, with the future of the car industry in the balance.
Earnings before interest and taxes across the Mercedes-Benz Group fell 6.8% to 4.8 billion euros with revenue down 1.4% at 37.2 billion euros.
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