Mercedes shares slump over 6% after carmaker cuts 2024 guidance on weak China demand
An employee at the Mercedes-Benz US International factory in Alabama is doing final inspections on a Mercedes-Benz C-Class. Mercedes shares dropped over 8% after the company revised its 2024 guidance due to weaker demand from China. Earnings before interest and taxes are expected to be significantly lower than the previous year, with a adjusted return…