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VW and Mercedes’s Electric-Car Ambitions Run Into Trouble

  • VW plans to delay EV rollout, Mercedes cuts EQS price in China
  • German carmakers are under pressure to finally overtake Tesla
The Mercedes-Benz EQS 580 4MATIC.
The Mercedes-Benz EQS 580 4MATIC.Source: Mercedes-Benz

The German car industry’s bid to wrest the electric-vehicle crown from Tesla Inc. veered off course this week with stumbles for Volkswagen AG and Mercedes-Benz AG

VW plans to delay a key project by at least two years after software fumbles, according to a person familiar with the situation, calling into question its ambitious €52 billion ($54 billion) EV rollout touted as the industry’s biggest. Also this week, Mercedes cut prices on its flagship EQS EV in China by about $33,000 after misjudging the market. The shares fell as much as 7.2%.