Mercedes-Benz, the German carmaker, reported an 8% decline in sales in the second quarter, primarily due to intense competition in China. The company delivered 417,800 vehicles in the April-June period, with sales in China dropping by 30% compared to the same period last year.
However, the company saw a 10% rise in sales in the U.S. and a 4% increase in Europe during the same period. Additionally, sales of battery-electric vehicles rose by 50% to 63,000 vehicles, which includes cars and vans.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
