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Mercedes shares dived more than 5-1/2% as it slashed costs and forecast weaker profits for 2025 but analysts had been bracing for worse numbers and reckoned the company was doing well compared with other German automakers. Successful electric vehicles are key to any recovery, while an unexpected turnaround in internal combustion engine vehicle sales will boost profits short-term. BMW gets the nod from one analyst as being in a strong position, thanks to its leadership in electric vehicles. Meanwhile, Mercedes’ share price had been had been advancing, despite investors expecting the auto industry to face severe problems in 2025. European…
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