Mercedes-Benz Q3 Earnings Miss
This is a news story, published by Yahoo Finance, that relates primarily to Mercedes-Benz's news.
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annual car salesReuters
•Mercedes car earnings plunge as China shuns luxury
79% Informative
Mercedes-Benz's third-quarter earnings in the core car division plunged by 64% , massively missing analysts' estimates.
Earnings were hit by model revamp costs as well as a tough market, especially for new versions of the G-Class SUV.
A rare bright spot was the continued cash flow generation from the industrial business, which reached 2% year-on-year .
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