Medical and Hospital News
CAR TECH
Mercedes-Benz profit plunges on tariff, China woes
Mercedes-Benz profit plunges on tariff, China woes
by AFP Staff Writers
Frankfurt, Germany (AFP) July 30, 2025

Premium German carmaker Mercedes-Benz said Wednesday its second-quarter profit plunged nearly 70 percent due to US tariffs and weak sales in China, prompting it to lower its full-year revenue outlook.

Net profit for the period was 957 million euros ($1.1 billion), far below the 1.5 billion analysts polled by financial data firm FactSet had expected.

Without tariffs the firm's car business would have achieved a profit margin of 6.6 percent compared to an actual 5.1 percent, Mercedes-Benz said.

That amounts to a cost of hundreds of millions of euros given overall sales of 24.2 billion euros at the cars division for the quarter.

Mercedes-Benz CEO Ola Kaellenius said the results were "robust" considering "the dynamic business environment".

"We're adapting to new geopolitical realities by using our global production footprint intelligently," he added.

Trump in April slapped an additional 25-percent levy on imported cars as part of an aggressive trade policy he says will help boost US manufacturing.

That hit European carmakers, with Jeep- and Citroen-owner Stellantis as well as auto giant Volkswagen all reporting slumping North American sales at recent results.

Mercedes-Benz's own sales by volume fell 12 percent in the United States over the period.

In China they tumbled 19 percent, underlining the challenge the company faces against local competitors such as BYD.

Mercedes-Benz put out new guidance for the year to take account of tariffs, forecasting groupwide revenue "significantly below" the 146 billion euros it took in last year.

Back in February it expected 2025 revenue to be "slightly below" the 2024 level.

Along with other carmakers, Mercedes-Benz then withdrew its guidance in April whilst it digested the impact of Trump's tariff blitz.

At its key cars division Mercedes-Benz said that it now forecasts a profit margin of between 4 and 6 percent, including the effects of tariffs.

Excluding tariffs it expects a profit margin of between 6 and 8 percent.

Related Links
Car Technology at SpaceMart.com

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
CAR TECH
Hanoi scooter riders baulk at petrol-powered bikes ban
Hanoi (AFP) July 20, 2025
Vietnam's plan to bar gas-guzzling motorbikes from central Hanoi may clear the air of the smog-smothered capital, but riders fear paying a high toll for the capital's green transition. "Of course everyone wants a better environment," said housewife Dang Thuy Hanh, baulking at the 80 million dong ($3,000) her family would spend replacing their four scooters with electric alternatives. "But why give us the first burden without any proper preparation?" grumbled the 52-year-old. Hanoi's scooter ... read more

CAR TECH
Fukushima nuclear plant clean-up faces another delay

'Once in a hundred years': villagers clean up after deadly China floods

Fukushima radioactive debris removal delayed until 2037

Philippine flooding centre stage at Marcos state of nation speech

CAR TECH
ESA and Neuraspace develop autonomous satellite navigation technologies

Bogong moths rely on stars and magnetic fields to guide epic migrations

Breakthrough hybrid model restores orbit accuracy for BeiDou-3 satellites

SpaceX launches advanced GPS satellite for Space Force

CAR TECH
One man's 30 years of toil to save Sierra Leone's orphaned chimps

Hong Kong activists face tough compromise over LGBTQ rights blueprint

Adopted in US, Greek Cold War kids find long-lost families

China says US withdrawal from UNESCO not behaviour of 'responsible country'

CAR TECH
'Absolute madness': Thailand's pet lion problem

Experts condemn India park after elephants airlifted to Japan

Australia's mammal megafauna face long-term decline from extinctions and invasive species

Sunbears to elephants: life at a Thai wildlife hospital

CAR TECH
China probes Wuhan ex-mayor who presided over Covid response

WHO says all Covid-19 origin theories still open, after inconclusive study

Deadly dengue fever impacts climate-hit Bangladesh coast

After quitting WHO, US urges others to 'consider joining us': Kennedy

CAR TECH
China says 'deeply concerned' over deadly Cambodia-Thailand border clashes

China probes Tibet ex-leader over bribes, 'superstitious activities'

After the revolution, Bangladesh warms to China as India fumes

China's abandoned buildings draw urban explorers despite risks

CAR TECH
Myanmar junta claims recapture of gold mining hub

UK, Germany vow to tackle people smuggling gangs

'Las Vegas in Laos': the riverside city awash with crime

Blast kills six soldiers in Mexican cartel zone

CAR TECH
Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.