Mercedes Battles China’s Auto Surge | Europe News

Mercedes-Benz is under pressure as Chinese rivals surge, forcing the luxury automaker to slash costs and shift production to stay afloat—despite a profit boost fueled by financial services and vans, sales in China plummeted 30%, forcing a revenue and sales forecast downgrade as global competition heats up. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1f4ded9970809708