Mercedes-Benz profit slides amid cutthroat Chinese market
Like other carmakers, Mercedes is struggling to compete with low-cost competitors in China (CHARLY TRIBALLEAU) · CHARLY TRIBALLEAU/AFP/AFP German premium automaker Mercedes-Benz said Wednesday its first-quarter profit fell by almost a fifth as cutthroat competition in China shakes the world’s carmakers. Net profit for January to March came in at 1.43 billion euros ($1.67 billion),…