Mercedes shares fall 8% on lower profit outlook
- Profit outlook cut: Mercedes $MBG.DE+1.1% expects significantly lower pre-tax profit compared to the previous year.
- Weak demand in China: The Chinese market, a key market for Mercedes, saw a decline, which negatively impacted the outlook.
- Trade tensions: Rising tensions between the EU, the US and China are increasing pressure...
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An 8% drop in the stock is quite a lot. Well, the car companies aren't doing so well right now, so I won't be buying.