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Mercedes-Benz Reports Sharp Profit Decline and Unveils Cost-Cutting Plan

The automaker cites weak sales in China and outlines a strategy to reduce costs and revamp its product lineup by 2027.

Apple Reports Record Revenue Despite Decline in iPhone Sales

Philips Slashes 2024 Sales Forecast Due to Plummeting China Demand

Mercedes-Benz and Porsche Face Profit Declines Amid Weak Chinese Market

Heineken's First-Half Profits Hit by $950M China Writedown and Weak Beer Sales