Mercedes Profits Plunge Nearly 50% Amid EV Shift
Mercedes Profits Plummet by Almost 50 Percent Mercedes-Benz has represented precision engineering, luxury and consistent financial performance for decades. However, the biggest automotive titans themselves are not safe from worldwide tumult. In its latest earnings report, Mercedes-Benz revealed that profits have fallen by nearly 50 percent, sending ripples through the automotive industry and raising fresh questions about…