Frankfurt, Germany, July 28, 2026 (AFP) - Mercedes-Benz writes off over 700 mn euros on China woes

NAMPA / AFP

2026-07-28

Premium German carmaker Mercedes-Benz on Tuesday reported falling profit at its car business as it wrote off over 700 million euros due to fierce competition in China. Though overall net profit for the quarter rose 13.5 percent to 1.09 billion euros ($1.24 billion), boosted by its vans and financial services businesses, core earnings at the key cars division fell 26 percent to 909 million euros, Mercedes said, hit by competition in China. The fig......

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