Overview
- Mercedes-Benz said net profit fell to about €1.19–€1.2 billion in Q3, taking nine‑month earnings down to €3.87 billion from €7.8 billion a year earlier as revenue slipped 7% to €32.1 billion.
- Adjusted EBIT at Mercedes dropped to €2.1 billion, while reported operating profit fell to €750 million after €1.35 billion in special items, including €876 million in Q3 restructuring charges tied to a €5 billion savings program.
- Vehicle deliveries at Mercedes declined 12% in Q3 to 525,300 cars and vans, with nine‑month volumes down roughly 9% to about 1.6 million, pressured by weaker demand in China and higher US import tariffs that reached 15% from August after 27.5% in April–July.
- Mercedes reaffirmed full‑year guidance and, according to investor briefings reported by Business Insider, announced a €2 billion share buyback over 12 months, a signal that helped lift the stock by around 6–8% on the day.
- Volkswagen posted a €1.072 billion Q3 loss and cited about €7.5 billion in year‑to‑date burdens, including roughly €4.7 billion from Porsche adjustments and impairments, as management flagged ongoing chip‑supply uncertainty tied to Nexperia when confirming its outlook.