The Western auto industry is now locked in a 'Darwinian' make-or-break battle with China, the chiefs of 2 major automakers warn
Mercedes-Benz CEO Ola Källenius says companies need to "keep on innovating" amid a "Darwinian" battle in the auto industry.
John Keeble via Getty Images
- Mercedes-Benz CEO Ola Källenius says automakers need to hunker down if they want to beat the Chinese.
- Källenius described the competition between automakers as a "Darwinistic-like price war."
- Ford's CEO, meanwhile, called the Chinese auto industry an "existential threat" after a visit to the country in May.
The...
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