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Mercedes Slashes Outlook As China Demand Hits Wall; Europe's Auto Profit Warnings Pile Up
Mercedes Slashes Outlook As China Demand Hits Wall; Europe's Auto Profit Warnings Pile Up Mercedes-Benz Group AG became the latest European automaker to slash its profit outlook as deteriorating demand in China and rising input costs squeeze margins.Shares tumbled in European trading this morning as the auto industry as a whole confronts intensifying Chinese competition, softening demand, and ongoing cost pressures."Mercedes-Benz Group AG today updated its full-year 2026 outlook for Mercedes-Benz Cars and the Mercedes-Benz Group. In addition to an increasingly challenging market