Mercedes-Benz drops earnings outlook on tariff uncertainty

FRANKFURT, Apr 30 (AFP): Premium German carmaker Mercedes-Benz said Wednesday that first quarter net profit tumbled as it struggled with weak demand in China and warned that US tariffs clouded the year ahead in uncertainty.
Mercedes' net profit plunged almost 43 per cent in the first three months of the year to reach 1.73 billion euros ($1.93 billion), the group said.
Finance chief Harald Wilhelm said Mercedes was nevertheless in a strong position thanks to what he said was a strong position in profitable, top-end vehicles.
Earnings before interest and tax also fell sharply to reach 2.29 billion euros, about 15 per cent.