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P1racenews AI automatic summary:
Mercedes announce MAJOR £5.9 million loss in profits
Mercedes reported a decrease in profits of £5.9 million for the year 2023. This information was revealed after the company published their financial accounts. The drop in profits indicates a challenging year for the luxury car manufacturer. It will be interesting to see how Mercedes plans to address this decline in profitability. Investors and analysts will likely be closely monitoring the company’s future financial performance.