Mercedes-Benz Cuts Full-Year Cars Return-on-Sales Guidance to 2%–3%
Mercedes-Benz lowered its full-year adjusted return-on-sales outlook for its cars unit to 2%–3%, citing a deteriorating China market and higher costs.
By Dominic ChoppingMercedes-Benz cut full-year earnings expectations as it contends with a deteriorating market in China and higher costs.The German luxury automaker said Tuesday that it now expects an adjusted return on sales this year of 2% to 3% in its cars unit, down from previous guidance of b…