Mercedes-Benz Forecasts 'Significantly Lower' Profits for 2025

Mercedes-Benz implemented a cost-cutting initiative aimed at increasing sales and profits following a 40% decline in earnings in 2024, attributed to weak sales in crucial markets like China and Germany. The automotive division forecasts that group earnings for 2025 will notably fall compared to the previous year. In order to strengthen its competitive position, Mercedes-Benz intends to decrease production costs by 10% by 2027.