Overview

• Mercedes-Benz's third-quarter profits dropped by over 50%, with a significant impact from declining sales in China.
• Porsche experienced a 27% fall in operating profit, with third-quarter sales in China at their lowest in a decade.
• Mercedes-Benz's electric vehicle sales decreased by 31%, highlighting challenges in the competitive EV market.
• Porsche aims to recover by year-end, despite a 5.2% revenue decline and ongoing issues in the Chinese market.
• Both companies are implementing cost-cutting measures to address the financial downturn and improve efficiency.