Group 1 - The core issue is the impact of Trump's tariff threats on German automakers, leading to a decline in their stock prices [1] - The stock prices of Mercedes-Benz, BMW, Volkswagen, and Porsche fell between 1.8% and 2.2% [1]

Group 1 - The core viewpoint of the article is that Mercedes-Benz India has reported a 10% year-on-year increase in retail sales for the period from April to June, reaching a total of 4,238 vehicles sold [1]

Core Insights - Mercedes-Benz India reported a 10% year-on-year increase in retail sales for the April to June period, reaching a record high of 4,238 units [1] - The demand for high-end models such as the S-Class, Maybach, and AMG series drove a 20% increase in luxury car sales [1] - Sales of electric vehicles surged by 157%, currently accounting for 8% of the company's total sales [1]

Core Insights - The automotive recall report for the first half of 2025 reveals a significant increase in recalls, with 60 recalls affecting 5.0688 million vehicles, an increase of over one million vehicles compared to the same period last year [1][2] Group 1: Recall Statistics - In the first half of 2025, there were 60 automotive recalls, which is nearly 10 fewer than the same period last year, but the total number of recalled vehicles has increased significantly from approximately 4 million to over 5 million [2] - Tesla accounted for a substantial portion of the recalls, with 120.68 thousand vehicles recalled, representing nearly one-fourth of the total recalls [3] - Mercedes-Benz was the most frequently recalled brand, with 12 recalls totaling 144,967 vehicles in the first half of the year [3] Group 2: Market Trends - The domestic automotive market is undergoing a transformation, facing challenges such as intensified price competition and the need for improved product quality to attract consumers [2] - The recall data indicates a shift in focus from price competition to enhancing product quality, performance, and brand strength [2][4] Group 3: Import Vehicle Issues - Imported vehicles have seen a notable decline in sales, with a 16.7% drop in the first four months of the year, attributed to quality issues and increased competition from domestic manufacturers [5] - Over 50% of recalls in the first half of the year involved imported vehicles, highlighting quality concerns across various global brands [5] Group 4: Quality Improvement Initiatives - The automotive industry is urged to enhance manufacturing quality and address production issues to improve brand image and consumer trust [7] - The Ministry of Industry and Information Technology has initiated inspections to ensure compliance with production standards and address safety concerns in the automotive sector [8]

Core Viewpoint - Mercedes-Benz continues to experience strong fundamental demand for its vehicles, particularly in the United States and Germany, despite the impact of tariffs on global sales in the second quarter [1] Group 1 - Customer demand for Mercedes-Benz vehicles remains robust in key markets [1] - The impact of tariffs has affected global sales, but demand in the U.S. and Germany is still positive [1]

梅赛德斯-奔驰：批发交付受动态市场影响，包括关税政策和车型转换。 ...

梅赛德斯-奔驰：第二季度汽车和货车销量同比下降9%。汽车和货车交付量降至54.71万辆。纯电动汽车 销量为41900辆，降幅为18%。客户对梅赛德斯-奔驰汽车的基本需求，特别是在美国和德国，仍然强 劲。尽管关税影响了第二季度的全球销售，但在美国和德国仍看到良好的客户需求。(新浪财经) ...

梅赛德斯-奔驰：第二季度汽车和货车销量同比下降9%。汽车和货车交付量降至547,100辆。纯电动汽车 销量为41,900辆，降幅为18%。 ...

Core Viewpoint - Fitch plans to withdraw its rating on Mercedes-Benz Group [1] Group 1 - Fitch's decision indicates potential changes in the creditworthiness assessment of the company [1]

Core Viewpoint - Mercedes-Benz is facing a series of technical and trust crises in the Chinese market, highlighted by widespread failures of in-car navigation and CarPlay functions, followed by a recall of 16,100 vehicles due to safety concerns, indicating a significant delay in the company's smart transformation efforts [1][2][3] Group 1: Technical Failures - On June 12, numerous Mercedes-Benz owners reported a sudden failure of in-car navigation and CarPlay functions, with the central screen going black and displaying error messages [2] - Mercedes-Benz acknowledged the issue was due to a backend failure and attempted to rectify it, but many users continued to experience problems, leading to dissatisfaction with the company's response [2][3] - Following the technical failures, the State Administration for Market Regulation issued three recall notices affecting 16,100 vehicles, further damaging the brand's reputation in China [2][3] Group 2: Recall Details - The recalls included 252 domestic C-Class and GLC SUVs due to incorrect fuse boxes that could lead to loss of power and airbag failure, posing a fire risk [3] - Additionally, 13,447 domestic EQC vehicles were recalled due to software defects in the battery management system that could cause thermal runaway in extreme conditions [3] - 2,151 imported A-Class, CLA-Class, and GLA-Class vehicles were recalled for non-compliant turbocharger nozzles, which posed emission risks [3] Group 3: Strategic Challenges - The series of technical incidents reflects a systemic lag in Mercedes-Benz's smart transformation, with the company struggling to implement its self-developed MB.OS operating system and collaborate effectively with local tech firms [1][3] - Despite plans to invest over 14 billion yuan in R&D in China, the company's progress in smart technology has been minimal compared to competitors like Volkswagen and Audi, who have made significant advancements [3][4] - Mercedes-Benz's electric vehicle sales in China dropped 23% in 2024, with overall sales declining by 7% to 683,600 units, indicating challenges in adapting to the "software-defined vehicle" era [1][4] Group 4: Financial Performance - In 2024, Mercedes-Benz's global sales fell by 3% to 1.983 million units, with revenue decreasing by 8.5% [4] - The company announced a shift in strategy, abandoning its 2030 full electrification plan and restarting the development of fuel vehicles to recover profits [4] - To address ongoing challenges, Mercedes-Benz initiated the "Next Level Performance" cost-saving plan, aiming to reduce costs by 5 billion euros by 2027 [4][5] Group 5: Industry Perspective - Industry experts suggest that Mercedes-Benz urgently needs to restructure its technology R&D system and improve user response mechanisms to remain competitive in the smart vehicle market [5] - The company's failure to address basic issues, such as OTA upgrades and battery management, has resulted in significant customer dissatisfaction, particularly during widespread technical failures [5]