Mercedes-Benz cuts sales forecast as profit rises despite China weakness
AI Summary
Mercedes-Benz experienced a 22% increase in second-quarter operating profit but downgraded its full-year car sales forecast due to weak demand in China. The German luxury carmaker faces challenges despite profitability improvements.
German premium carmaker Mercedes-Benz reported a 22% rise in second-quarter operating profit but cut its full-year car sales forecast due to weakness in China.