Shares of Mercedes-Benz Group AG were losing around 5 percent in the German trading after the automobile major reported Tuesday weak profit and revenues in its first quarter amid lower unit sales of cars.
German automobile major Mercedes-Benz Group AG (MBG.DE) on Thursday reported that its third-quarter net profit fell 7 percent to 3.72 billion euros from last year's 4 billion euros.
"Mercedes-Benz Cars delivered an adjusted return on sales of 14.8%, due to healthy net pricing, higher sales and a good product mix," the carmaker said.