BUSINESSFINANCIAL TIMES WORLD
Mercedes-Benz cuts annual forecast amid China slump
Mercedes-Benz has cut its annual forecast due to a slump in China's market. The German carmaker joins Volkswagen and BMW in warning about a more challenging Chinese market.
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Adjacent reporting
- Major German carmakers hit by steep China sales plunge as competition heats up
- Major German carmakers hit by steep China sales plunge as competition heats up
- Major German carmakers hit by steep China sales plunge as competition heats up
- German carmakers are suffering some of their worst declines ever in China as Q2 sales plunge 30%-41%
- Major German carmakers hit by steep China sales plunge as competition heats up
- BMW issues a big profit warning it once again blames on China. The automaker is plotting a major strategy shift