Mercedes-Benz Group AG (MBG.DE, MBGAF) is cutting its full-year sales forecasts, now revising it lower to a range of 7.5% to 8.5% from 11%. The luxury automaker references its languishing sales figure in China amid the country's economic environment.

Julie Hyman and Josh Lipton report more on the story.

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This post was written by Luke Carberry Mogan.