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Mercedes-Benz drop after guidance cut; peers move lower

By Reuters News

** Shares in Mercedes-Benz Group MBGn.DE slide around 5% after the German premium automaker cuts its 2026 guidance

** The company now expects an adjusted return on sales between 2% to 3% versus 3% to 5% anticipated earlier

** Group's EBIT is now seen at the prior-year level compared to significantly above the prior-year level

** Stock among worst performers on STOXX 600 index .STOXX; if losses hold it will see its worst day since May 2025

** Peers BMW BMWG.DE, Renault RENA.PA, Volkswagen VOWG.DE all slip between around 3% and 3.5%

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