Overview
- Mercedes’ third‑quarter net profit fell about 30% to roughly €1.19–1.2 billion as revenue declined 7% to about €32.1 billion.
- Nine‑month net income at Mercedes dropped 50.3% to €3.87 billion, with Q3 deliveries down 12% to 525,300 and China sales falling about 27%.
- Mercedes is pursuing a roughly €5 billion savings program versus prior plans, offering voluntary exits to about 40,000 non‑production staff and booking €876 million in Q3 restructuring costs.
- US import tariffs cut profitability for German premium brands, with rates spiking to 27.5% from April to July before settling at 15% in August, while lower‑margin EVs and currency effects added pressure.
- Volkswagen posted a €1.072 billion Q3 net loss, citing €7.5 billion in burdens including about €4.7 billion from Porsche adjustments, and flagged chip‑supply risks tied to Nexperia even as core brand metrics improved.