German luxurious carmaker Mercedes-Benz mentioned Wednesday its web earnings within the third quarter doubled year-on-year, to virtually 4 billion euros ($4 billion), pushed by higher gross sales in China.
Regardless of continued issues with provide chains, the corporate noticed revenues enhance by 19 %, to 37.7 billion euros. Incentives from the Chinese language authorities to encourage folks to purchase automobiles helped to spice up automotive gross sales within the firm’s largest market, Mercedes mentioned.
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The group’s automobile gross sales in China its largest market rose to 222,600 within the third quarter, a rise of virtually 70 % on the identical interval a 12 months earlier. In distinction, the group bought simply 146,100 automobiles in Europe, it mentioned.
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