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Mercedes reports robust profits from cost savings
Mercedes-Benz stands out for achieving strong profits despite a decline in deliveries due to a downturn in the Chinese market, where the collapse of the real estate sector has eroded consumer confidence. The adjusted sales revenue in the automotive division decreased to 4% in the second quarter; however, it exceeded analysts' expectations of a larger decline, supported by cost-cutting efforts and reduced development spending, along with solid performance from the finance services division. The company maintained its profit margin forecast for 2026 between 3% and 5%, with a slight downward revision to revenue and delivery projections amid a 30% drop in car sales in China. The company's shares rose by 3.6% following an earlier increase but remain well below the levels seen at the start of the year, as the CEO pledged further cost reductions to support revenues in a challenging global market environment.
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