Cybersecurity

Mercedes-Benz profit slides amid cutthroat Chinese market

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Mercedes-Benz reported a 17 percent drop in first-quarter profits due to intense competition and reduced demand in China. This decline underscores the challenges global automakers face as local competitors like BYD and Geely gain market share, forcing companies to adapt with localized models to remain competitive.

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Mercedes-Benz profit slides amid cutthroat Chinese market

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