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Mercedes-Benz to ramp up cost cutting after profit drops by 50%

By New York Post   |   Oct 25, 2024 at 01:46 PM EST
Mercedes-Benz to ramp up cost cutting after profit drops by 50%

Mercedes-Benz plans to intensify cost-cutting measures following a 50% drop in net profit due to weak demand in China. The German automaker aims to enhance efficiency and reduce expenses amid challenging market conditions.

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