The German luxury automaker and its European peers are currently awaiting a lowering of US auto import tariffs to 15% from 27.5%<\/p>\n
Published Mon, Sep 8, 2025 \u00b7 06:16 AM<\/p>\n
[MUNICH] German luxury automaker Mercedes-Benz is sticking with its premium strategy in its main market China, where a brutal pricing war has cost the group market share as local customers increasingly switch to cheaper domestic models.<\/p>\n
CEO Ola Kaellenius, speaking to Reuters ahead of the IAA auto show in Munich, said that the new electric GLC SUV, which Mercedes-Benz unveiled on Sunday (Sep 7), would be instrumental in recovering lost ground in the world\u2019s largest auto market.<\/p>\n
\u201cThis is going to hit the nail on the head in terms of what Chinese Mercedes customers are looking for,\u201d Kaellenius said. <\/p>\n
\u201cAnd yes, we charge a little bit more. But GLC fans can rest assured … from a pricing point of view, if you are currently a GLC customer, you will also feel at home with this new electric GLC.\u201d <\/p>\n
Like Porsche, Mercedes-Benz has been protecting margins at the expense of market share in China, where it suffered a 19 per cent decline in vehicle sales to 140,400 in the second quarter of 2025. <\/p>\n
Kaellenius said that the company would not change its strategy in China and would maintain its premium approach.<\/p>\n
Mercedes-Benz and its European peers are currently awaiting a lowering of US auto import tariffs to 15 per cent from 27.5 per cent, something Washington has pledged as part of the European Union\u2019s move to eliminate tariffs on most US goods. <\/p>\n
\u201cThe European Commission and their trade team are working with the American administration on this,\u201d Kaellenius said, adding he hoped that the US administration would soon sign an executive order to get the tariffs down. <\/p>\n
Kaellenius did not quantify the financial impact tariffs have had so far on the group\u2019s results but said: \u201cWe are doing what we can to mitigate it\u201d. REUTERS<\/p>\n
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