(Oct 28): Mercedes-Benz Group AG is preparing a broader overhaul of its China strategy after the luxury-car market deteriorated more sharply than expected, insisting it has no plans to retreat from what remains the world's largest auto market. Chief execu... See more
(Oct 27): Mercedes-Benz Group AG cut its profit guidance, joining peers Volkswagen AG and BMW AG after sales in China declined. The luxury-car maker now sees an adjusted return on sales in its core cars division of between 2% and 3% for the year, it said ... See more
(Oct 27): Porsche AG's profitability held up despite another sharp decline in vehicle sales, as demand for 911 sports cars and high-priced derivatives helped cushion the slump in China and weaker factory utilisation. The automotive division posted a 6.9% ... See more
Chinese automakers outsold Japanese rivals in Europe for the first time over a full quarter, underscoring how quickly brands like BYD Co. and Chery Automobile Co. are gaining ground in the region. Registrations of Chinese-branded cars roughly doubled from... See more
By William Wilkes Chinese automakers outsold Japanese rivals in Europe for the first time over a full quarter, underscoring how quickly brands like BYD Co. and Chery Automobile Co. are gaining ground in the region. Registrations of Chinese-branded cars ro... See more
