business / news / / CNBC TV18
Mercedes-Benz Q1 profit falls as China sales drop amid BYD, Geely rivalry.
Mercedes-Benz China sales dropped 27% in Q1, reaching their lowest level since 2016.
KEY POINTS
- Mercedes-Benz plans to cut global production capacity by over 10%, mainly outside Germany.
- About 40 new models, including electrics, will launch from 2025 to 2027.
- Tariffs led to a $1.2 billion profit impact for Mercedes-Benz last year.
COMPANIES
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