Mercedes-Benz 3Q Net Profit, Revenue Drop on Lower Demand, Currency Effects

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Oct. 26, 2023 1:38 am ET

Mercedes-Benz reported lower third-quarter net profit and revenue after demand softened and foreign-exchange rates hurt its bottom line.

The German luxury-car maker said Thursday its net profit in the quarter fell by 7% on year to 3.72 billion euros ($3.93 billion), while revenue fell 1.4% to EUR37.20 billion.

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