24/7 Space News
CAR TECH
Mercedes-Benz profit plunges on tariff, China woes
Mercedes-Benz profit plunges on tariff, China woes
by AFP Staff Writers
Frankfurt, Germany (AFP) July 30, 2025

Premium German carmaker Mercedes-Benz said Wednesday its second-quarter profit plunged nearly 70 percent due to US tariffs and weak sales in China, prompting it to lower its full-year revenue outlook.

Net profit for the period was 957 million euros ($1.1 billion), far below the 1.5 billion analysts polled by financial data firm FactSet had expected.

Without tariffs the firm's car business would have achieved a profit margin of 6.6 percent compared to an actual 5.1 percent, Mercedes-Benz said.

That amounts to a cost of hundreds of millions of euros given overall sales of 24.2 billion euros at the cars division for the quarter.

Mercedes-Benz CEO Ola Kaellenius said the results were "robust" considering "the dynamic business environment".

"We're adapting to new geopolitical realities by using our global production footprint intelligently," he added.

Trump in April slapped an additional 25-percent levy on imported cars as part of an aggressive trade policy he says will help boost US manufacturing.

That hit European carmakers, with Jeep- and Citroen-owner Stellantis as well as auto giant Volkswagen all reporting slumping North American sales at recent results.

Mercedes-Benz's own sales by volume fell 12 percent in the United States over the period.

In China they tumbled 19 percent, underlining the challenge the company faces against local competitors such as BYD.

Mercedes-Benz put out new guidance for the year to take account of tariffs, forecasting groupwide revenue "significantly below" the 146 billion euros it took in last year.

Back in February it expected 2025 revenue to be "slightly below" the 2024 level.

Along with other carmakers, Mercedes-Benz then withdrew its guidance in April whilst it digested the impact of Trump's tariff blitz.

At its key cars division Mercedes-Benz said that it now forecasts a profit margin of between 4 and 6 percent, including the effects of tariffs.

Excluding tariffs it expects a profit margin of between 6 and 8 percent.

Related Links
Car Technology at SpaceMart.com

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
CAR TECH
Hanoi scooter riders baulk at petrol-powered bikes ban
Hanoi (AFP) July 20, 2025
Vietnam's plan to bar gas-guzzling motorbikes from central Hanoi may clear the air of the smog-smothered capital, but riders fear paying a high toll for the capital's green transition. "Of course everyone wants a better environment," said housewife Dang Thuy Hanh, baulking at the 80 million dong ($3,000) her family would spend replacing their four scooters with electric alternatives. "But why give us the first burden without any proper preparation?" grumbled the 52-year-old. Hanoi's scooter ... read more

CAR TECH
NASA says it will lose about 20 percent of its workforce

Jensen Huang, AI visionary in a leather jacket

Club Med taps ex-Carrefour executive as new CEO

New twist in EU-China patents standoff at WTO

CAR TECH
New MachLab rocket test site launches UK into next phase of space engineering

SpaceX launches satellites from California, Florida day after scrubs

Lunar soil shows promise for in-situ oxygen and fuel production

SpaceX scrubs launch of 2 SES mPOWER satellites

CAR TECH
China Focus: Chinese scientist details first planned Mars sample-return mission Tianwen 3

Skyfall Mars helicopter fleet to scout future astronaut landing sites

Curiosity Rovers Boxwork Campaign Reaches New Heights on Mount Sharp

Brines may form from seasonal frost on Mars study finds

CAR TECH
Six Chinese universities to launch new low altitude space major this fall

International deep space alliance launched in Hefei China

China launches international association to boost global access to deep space research

Chinese Long March Rockets Make International Debut at Paris Air Show

CAR TECH
SpaceX launches 28 Starlink satellites days after service outage

Sidus Space unveils plan to raise capital through public stock offering

AST SpaceMobile launches $500 million convertible note offering with share repurchase initiative

Surrey launches new Space Institute to drive mission-ready innovation and skills for UK space sector

CAR TECH
Ancient Roman concrete longevity offers mixed sustainability benefits

US tech titan earnings rise on AI as economy roils

'Marathon at F1 speed': China bids to lap US in AI leadership

Stablecoins inspire hope, and hype, in Hong Kong

CAR TECH
Building blocks of life found in distant star system suggest origins in interstellar space

One billion years of protein evolution reveals surprising design flexibility

Diverse rocky planets found around nearby red dwarf including one in the habitable zone

Alien life clues may emerge from deep sea volcanic vents on Earth

CAR TECH
JunoCam revived by onboard heat treatment just in time for Io flyby

Rare Trans Neptunian Object Reveals Unexpected Orbital Dance with Neptune

Fossil object 2023 KQ14 challenges Planet Nine theory with unique distant orbit

UH Researchers Help Solve Uranus Heat Mystery

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.