Mercedes global sales fall 6% as electric car sales hit record high

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Mercedes-Benz reported a 6% decline in global sales, with weakness in China weighing on results while Europe and North America recorded growth. Electric-vehicle sales reached a record high, but the report prompted a fall in the company’s shares.

Mercedes-Benz shares fell after the German carmaker reported a 6% fall in global sales, driven by weakness in China. Sales outside China edged higher, supported by growth in Europe and North America.