Mercedes profits fall due to lower sales

By Agence France-Presse

Oct 27, 2023 12:06 am

FRANKFURT: German carmaker Mercedes-Benz said on Thursday that its profits fell in the third quarter due to a drop in vehicle deliveries amid shortages of some parts.

Net profits came in seven percent lower, at 3.7 billion euros ($3.9 billion), in the July to September period, the company said in a statement.

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