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Mercedes Faces Profit Challenges Amid EV and ICE Dynamics

Business and Finance
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  • Mercedes shares fell 5% on cost cuts and lower profit forecasts
  • EV sales are vital for recovery, potential ICE sales increase could help
  • Mercedes plans to cut production costs by 10% by 2027
  • Car-making profit margin dropped to 8.1% in 2024, expected to decrease further in 2025
  • Mercedes to launch new models and invest in upcoming electric and combustion vehicles
  • Analysts cautious about stock performance amid industry challenges
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