Mercedes Q3 Profit Falls 70% on US Tariffs & China EV

Published: 2025-10-30 01:38:05 |

Mercedes Q3 Profit plunged 70% year-on-year to €750m, driven by a 15% US import tariff on European cars and a 27% slump in China amid rising EV competition from BYD and Xiaomi. Mercedes Q3 Profit, adjusted for €1.3bn of one-off charges, fell 17%. The automaker maintained its full-year outlook, backed by strong luxury sales and a €2bn share buyback. CEO Ola Källenius announced efficiency measures, 40+ electric, hybrid and combustion model launches in 2026, and possible US production expansion. A semi-autonomous model is due this autumn in China, as CFO Harald Wilhelm flagged workforce reductions.

Neutral

Mercedes Q3 Profit slump signals broader auto sector pressure due to trade tensions and market shifts. This development has limited direct impact on crypto assets. While macro uncertainties could marginally boost demand for digital assets as a hedge, the absence of crypto-specific catalysts renders the overall effect neutral. Traders should monitor broader risk sentiment, but no immediate directional bias for crypto prices emerges from this report.