Mercedes and Porsche Squeezed by U.S. Tariffs and Slowdown in China
The luxury automakers Mercedes-Benz and Porsche slashed their forecasts for earnings this year as the double whammy of President Trump’s tariffs and slowing demand in China hit the German companies hard. Mercedes said on Wednesday that revenue in 2025 would come in “significantly below” last year. The company also lowered its projection for profit margins….
