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Mercedes-Benz reassures on Nexperia chips as profit plunges
Mercedes-Benz reassures on Nexperia chips as profit plunges
Economy
by  AFP

German premium carmaker Mercedes-Benz sought to reassure investors Wednesday over a feared shortage of microchips as it reported plunging third-quarter profits. For the third quarter, Mercedes reported a 30.8-percent plunge in net profit to 1.19 billion euros ($1.38 billion), dragged down by US President Donald Trump's tariff blitz as well as slumping sales in China.