for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Mercedes-Benz Q3 margins rebound thanks to China boost

FRANKFURT, Oct 23 (Reuters) - Strong demand for luxury cars in China in the third quarter helped turn around margins at Daimler’s Mercedes-Benz cars division despite an overall fall in deliveries caused by the COVID-19 pandemic.

The adjusted return on sales at Mercedes-Benz Cars & Vans rose to 9.4% in the quarter, up from 7% a year earlier and above the minus 1.5% margin Daimler posted in the second quarter.

Reporting by Edward Taylor Editing by Riham Alkousaa

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up