🚨 Mercedes' results have just been released, and it's a disaster...
❌ Turnover: €34.5 billion (-6.7%)
❌ Net profit: €1.72 billion (-54%!)
❌ Operating profit: €2.5 billion (-48%)
The CFO admits: "These results do not meet our ambitions".
The group announces "billions of savings" to come, only protection: no forced layoffs in Germany before 2030.
The automobile market is collapsing everywhere in Europe, it's pretty crazy...
#MarketDownturn #BinanceSpotTrading #Binance #BinanceTurns7 #vues
