Reported 3 days ago
Mercedes-Benz CEO Ola Källenius described the current auto market as a 'Darwinian battle' due to declining demand and fierce competition from Chinese manufacturers. As European automakers face challenges like flat EV growth and depressed consumer sentiment in China, Källenius emphasized the need for investment and innovation to survive. Despite these difficulties, Mercedes has managed to outperform rivals Volkswagen and BMW in market value, although it has scaled back its goal to become fully electric by 2030.
Source: YAHOO