Daimler Sees Mercedes-Benz Sales in China Outpacing Premium Auto Market
August 24 2015 - 6:53AM
Dow Jones News
By Carlos Tejada
BEIJING--Daimler AG expects Mercedes-Benz sales to continue to
outperform the broader premium market in China, a top executive
said on Monday.
Hubertus Troska, member of Daimler's board of management for
greater China, said he expects current sales trends to continue
despite a slowdown in China's broader auto market and a
stock-market slump.
"The story we are telling you hasn't changed," he told reporters
at its manufacturing facility in Beijing.
He said he expected the growth to continue despite challenges
such as China's stock-market slump "subject to this not getting
completely out of hand."
Sales of Mercedes-Benz cars rose 20% to 173,553 vehicles in
China in the first half of this year. By contrast, Volkswagen AG's
Audi brand saw a 1.9% rise in its China sales to 273,853 cars and
BMW AG group's China sales rose 2.5% year-over-year to 230,601
cars.
Write to Carlos Tejada at carlos.tejada@wsj.com.
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(END) Dow Jones Newswires
August 24, 2015 06:38 ET (10:38 GMT)
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