Overview
- Mercedes posted Q3 net profit of €1.19 billion, down 30.8% year on year, with nine‑month net income nearly halved to about €3.87 billion.
- The Stuttgart group booked roughly €1.34 billion in special items in Q3, including about €876 million tied to personnel reductions, reaffirmed full‑year guidance and launched a €2 billion share buyback over 12 months.
- Deliveries at Mercedes fell 12% in Q3 to 525,300 vehicles as China sales plunged about 27% and higher U.S. import tariffs eroded margins after rates jumped to 27.5% from April to July before easing to 15% in August.
- Volkswagen posted a €1.072 billion Q3 loss, citing around €7.5 billion in negative impacts, with about €4.7 billion linked to Porsche strategy changes and impairments, even as revenue and cash flow in the quarter improved modestly.
- Both automakers flagged a developing semiconductor supply risk tied to Nexperia, with VW noting its guidance assumes sufficient chip availability and industry sources warning of potential production disruptions.