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Mercedes-Benz profit plunges on China slump and US tariffs
Mercedes-Benz profit plunges on China slump and US tariffs
Economy
by  AFP

German premium carmaker Mercedes-Benz reported plunging third-quarter profit Wednesday, hit by weak sales in China as well as US tariffs. Sales by volume in key market China meanwhile fell 27 percent in the third quarter, helping drag overall sales down 12 percent.