‘We have to take a little bit of a cautious stance,’ Ola Källenius says in a dramatic walk back from just two years ago.
The Mercedes-Benz logo at the Munich motor show on Sept. 3, 2023.
Photographer: Krisztian Bocsi/BloombergWhen Germany last convened its biennial car show, Ola Källenius couldn’t have sounded more bullish about China.
Mercedes-Benz Group AG had enjoyed a string of successful years in the country, the chief executive officer said, but the best was yet to come. “If we look at the GDP growth, if we look at how many buyers come into the segment that is relevant for Mercedes,” he said, “this in the next 10 years presents probably the biggest absolute growth opportunity for our company.”
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