Mercedes-Benz Group AG reinstated guidance at a lower level, citing pressure from President Donald Trump’s tariffs and tough competition in China, where local brands are dominating on electric vehicles.
The German manufacturer now expects a carmaking margin of as low as 4% this year, below the at least 6% it had projected before withdrawing its outlook due to Trump’s trade moves. The duties are weighing on prices and sales, and Mercedes warned that group revenue will come in significantly below last year’s level.
The mounting trade hurdles add to a deeper structural challenge in China, where a fierce EV price war led by domestic automakers is hurting margins. Mercedes has struggled to gain traction there with its more expensive models…
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