A Mercedes-Maybach S 680 is displayed at the Mercedes-Benz booth during a media day for the Auto Shanghai show in Shanghai, China April 24, 2025. REUTERS
July 30 (Reuters) – Mercedes-Benz (MBGn.DE), expects a profit margin of 4% to 6% this year for its car business, the automaker said in its first assessment of the damage from U.S. President Donald Trump’s trade war with the European Union.
The company had said in February it expected its profit margin for its car division to be just 6%-8% this year, after its earnings fell 30% in 2024, with a 40% slump in the car business.
Reporting by Alessandro Parodi and Amir Orusov in Gdansk; Editing by Milla Nissi-Prussak and Christian Schmollinger
