StuttgartChina car sales fell 30% in a single quarter.
Second-quarter profit rose 22% on cost cuts, but Germany’s Mercedes-Benz cut its full-year sales outlook as Chinese rivals take share on software and battery cost.
The carmaker is intensifying productivity measures at its German plants through year-end.
Sources: wallstreet:online, RTE.ie, ETAuto.com, Investing.com, Times LIVE