Mercedes-Benz 3Q Net Profit, Revenue Drop on Lower Demand, Currency Effects

Mercedes-Benz reported lower third-quarter net profit and revenue after demand softened and foreign-exchange rates hurt its bottom line.

The German luxury-car maker said Thursday its net profit in the quarter fell by 7% on year to 3.72 billion euros ($3.93 billion), while revenue fell 1.4% to EUR37.20 billion.