​Mercedes-Benz Slides After China Slowdown “Becomes A Nightmare” Amid Profit Warning  – Tyler Durden

Mercedes-Benz Slides After China Slowdown “Becomes A Nightmare” Amid Profit Warning  Mercedes-Benz shares in Germany tumbled on Friday after the luxury carmaker slashed its full-year profit outlook. The company warned that further deterioration of the macroeconomic environment, specifically in China, was the primary reason vehicle demand softened.  Mercedes has downgraded its outlook for the year, now forecasting earnings before interest and taxes (EBIT) to be “significantly below” last year’s levels. The automaker also revised its adjusted return on sales forecast to 7.5% to 8.5%, a sharp drop from the prior forecast of 10% to 11%.  “This affected the overall sales volume in China, including…  — Continue at ZeroHedge News : Read More