Mercedes-Benz Group AG

MBGAF: OTCM (USA)
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Mercedes-Benz Earnings: China Joint Venture Impaired; Reduce Our Fair Value on Competitive Pricing

Mercedes-Benz has taken a large impairment on its Chinese joint venture. The 20% contraction in the Chinese market hit its full-year top-line growth, but it is constructive that the profitability outlook is unchanged on strong cost control and a strong financial services business.

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