Mercedes-Benz reports 8% drop in Q3 car sales amid China slump

Mercedes-Benz reported an 8% decline in car sales during Q3, primarily driven by persistent demand weakness in China. Despite the overall drop in vehicle sales caused by the China slump, the company experienced a significant increase in its electric vehicle segment. Specifically, EV sales rose by 52% during the same period. The results highlight a contrasting trend between the general market decline in Asia and the growth of the brand's electric offerings.