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07/28/2026 July 28, 2026 Mercedes profit rises, but car business slumps Mercedes-Benz has reported its first rise in quarterly group profit in three years, although
07/28/2026 July 28, 2026 Mercedes profit rises, but car business slumps Mercedes-Benz has reported its first rise in quarterly group profit in three years, although its main car business suffered a sharp fall as sales in China weakened.
The German carmaker's overall net profit rose 13.5% to €1.09 billion ($1.24 billion) between April and June, up from €957 million in the same period last year. The increase was driven by stronger results from Mercedes' vans and financial services businesses.
But earnings at the company's core passenger-car division fell 26% to €909 million as intense competition and weak demand continued to hit sales in China. Mercedes also wrote €704 million off the value of its Chinese investments.
The non-cash charge indicates that the company expects the difficult market conditions to persist. Once that write-down is included, profit at the car division fell by almost 94%.
The BriefWire