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Mercedes-Benz shares fall 6% as profit falls; CFO bemoans 'brutal' EV pricing

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cnbc.com/2023/10/26/mercedes-benz-shares-fall-6percent-as-cfo-warns-on-brutal-ev-space.html

Mercedes-AMG GT 43 4MATIC+ on display at Brussels Expo on January 9, 2020 in Brussels, Belgium.
Mercedes-Benz shares were sharply lower Thursday after the German carmaker reported a decline in profit and revenue as challenges from electrical vehicle competition to supply chains.
Shares were down 5.7% at 10 a.m. London time, putting the stock on course for its worst day since…

This story from cnbc.com was posted on 2023-10-26 by @auroraa.

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