China: Sales Weakness Hits German Industry Doubly Hard

EWmagazine.nl

Factuality

Ownership

The facts: Volkswagen, BMW, and Mercedes-Benz lose ground in China – significantly fewer cars sold Source: Volkswagen, BMW, Mercedes-Benz, Politico German automakers are suffering substantial losses in the Chinese automotive market in the first half of the year, according to the car manufacturers' half-year figures. Volkswagen reports that its passenger car sales in the Chinese market shrank from 11,125,756 to 8,912,647 cars in the first half of…

Noticias ao Minuto

Factuality

Ownership

German car manufacturers are facing the deepest crisis in recent decades, under pressure from the collapse of sales in China and the rise of Chinese brands that are preparing an offensive on Europe.

steigan.no

Factuality

Ownership

For 150 years, German industry and science have maintained a high international class. After the unification in 1871, the country quickly developed into Europe's industrial locomotive and not even two lost world wars were able to eradicate Germany's industrial-cultural ecology. Now, however, something dramatic is happening. The German automotive industry, which has been a flagship of German industry and economy, is on the edge of a cliff. Are we…

manager magazin

Factuality

Ownership

Growing economic problems in China are exacerbating the plight of German industry in two ways: Not only are sales collapsing for German companies in the Far East, but they are also facing more cheap competition from the Far East in Europe.