Mercedes Readies Major China Overhaul as Slump Deepens
Headline from Bloomberg
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.
Bloomberg's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Mercedes-Benz Group AG is pushing ahead with its biggest product and cost overhaul in years, betting it can restore profitability even as China turns from a growth engine into one of the biggest drags on the business.
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.
Mercedes Readies Major China Overhaul as Slump Deepens | Since Then