BusinessHindustan Times

Mercedes recalls over 310,000 US vehicles as weak China sales hit forecast

in5points
  1. Mercedes recalls 310,667 vehicles in the US over a driver's door lock issue that may cause the automatic park brake not to engage, increasing crash risk.

  2. The recall covers CLA, A-Class, C-Class, CLE, GLA, GLB, and GLC models; dealers will replace the door lock free of charge.

  3. Mercedes cuts full-year sales and revenue forecasts due to weak China sales, intense price competition from local manufacturers, and falling demand.

  4. Mercedes recorded a 704 million euro impairment related to its China business in Q2, causing a sharp drop in EBIT to 49 million euros from 783 million euros a year earlier.