Daimler boosts China Benz sales, wary of power crunch

Newswire

SHANGHAI, July 27 (Reuters) - DaimlerChrysler AG posted a 70 percent jump in sales of its Mercedes luxury cars in China in the first half year, defying a slowdown in nationwide car sales that began in April. But a worsening energy crunch across the country forced the auto maker's Beijing Jeep venture to halt production for a few days recently, an executive said on Tuesday, without elaborating. After years of under-investment in capacity and rising incomes, China faces an electricity ...

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