Mercedes Benz: Weak sales in China pressure quarterly results!

The Mercedes-Benz Group sold exactly 499,700 cars and vans in the first quarter. This corresponds to a decrease of 6% compared to the same period last year. The car division, in particular, is suffering from the negative dynamics in China, where volume plummeted by 27%. According to the official statement, the market there is "characterized by model cycle effects, macroeconomic uncertainties, and a challenging market environment." However, excluding the China business, a more positive picture emerges: In the core markets of Europe and the USA, car...