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Mercedes-Benz Is Pivoting to Local Manufacturing in China
The shift follows a 31% third-quarter sales drop as Mercedes-Benz faces tougher competition from domestic brands and pressure to cut costs.
Summary by Quartz
4 Articles
4 Articles
The manufacturer based in Stuttgart has seen how in the third quarter sales in the Asian market have cooled by 31%.
German automaker Mercedes-Benz Group AG is forced to completely rethink its activities in the Chinese market due to falling demand and stiff competition. This is reported by Bloomberg.
Coverage Details
Total News Sources4
Leaning Left0Leaning Right1Center2Last Updated67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
Factuality
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