Mercedes, BMW, VW, Audi, Porsche lose China ground
Mercedes-Benz Group AG partnered with McDonald's for a marketing campaign as it struggles in the Chinese market, selling just 1,153 units in the first half. Competitors like Xiaomi and BYD Co. are capturing market share, with German brands like BMW and Volkswagen reporting declines of at least 30% in Q2. The trend suggests ongoing challenges for these automakers in China.