Mercedes, BMW and Porsche Are Battling Chinese Rivals Led by BYD in Europe
Mercedes-Benz Group AG was once a standard-bearer of automotive refinement, but swooning sales and profits underscore how even the lucrative upscale end of the car market is feeling the heat from China. Manufacturers led by BYD Co. have opened a new front in the fight for dominance of the auto industry by redefining “Made in…