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Ryan Hogg

Mercedes boss says carmakers are locked in a ‘Darwinian battle’

Mercedes Toto Wolff BMW MercedesBenz Volkswagen

Ola Kaellenius, chief executive officer of Mercedes-Benz Group AG, at the Berlin Global Dialogue in Berlin, Germany, on Wednesday, Oct. 2, 2024. (Credit: Krisztian Bocsi—Bloomberg/Getty Images)

The boss of German carmaker Mercedes-Benz is bracing his company for a “Darwinian battle” as Europe’s auto giants reel from falling demand and the onslaught of Chinese competitors.

Mercedes-Benz CEO Ola Källenius said the biggest challenge facing automakers was halting a crisis of confidence among Chinese consumers.

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