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BMW, Mercedes China Sales Slump
BMW, Mercedes China Sales Plunge as Luxury Slowdown Worsens
BMW AG and Mercedes-Benz Group AG saw car sales slump in China in the third quarter as weak consumer sentiment in their biggest market weighed on luxury spending.
BMW and Mercedes quarterly sales drop on weak China
Sluggish demand and stiff competition in China hit third quarter sales at BMW and Mercedes, the German luxury automakers said on Thursday. The German car sector is facing multiple challenges, ranging from high production costs and managing the shift to electric vehicles to falling demand and rising competition from China.
BMW’s EV Sales Up 23% While Mercedes EVs Slide 31%, But China Is A Sales Disaster
Strong EV sales performance couldn’t prevent BMW’s overall delivery count falling, and China sales are down 30 percent in Q3
12h
Porsche's nine-month China sales plunge by third
German sports car maker Porsche on Friday posted a 29% nine-month sales drop in China, joining peers BMW and Mercedes in ...
8h
on MSN
VW Sales Drop on China, Slumping EV Demand in US, Europe
Volkswagen AG’s global sales dropped 7% in the third quarter, led by declines in Asia and Europe, as Germany’s biggest ...
1d
‘Rain after a long drought’: Property agents get busy as China’s big cities see brisk home sales
BEIJING/SHENZHEN: Shenzhen real estate agent Feng Kunzhu, 34, barely had time to eat at the start of China’s Golden Week ...
11d
on MSN
Stellantis shares plunge as carmaker follows Volkswagen in warning on profits
Shares in Chrysler parent Stellantis plunged almost 14% in Milan Monday after the Italian-American carmaker slashed its ...
abp LIVE
2d
EV Sales In China Benefit From Stimulus Package, Firms Report ‘Best Golden Week’ In Years
In a post on Wechat, Zhu Jiangming, CEO, Zhejiang Leapmotor Technology, said that the company got record high orders for ...
10d
Prediction: 3 Market-Leading Stocks That May Plunge if Donald Trump Wins in November
The third magnificent stock that may be poised to plunge if Donald Trump wins in November is Wall Street's largest company by ...
9d
on MSN
Nike sales slump 10%, shares plunge as new CEO faces massive challenge weeks before taking over
The company is yet to see sales benefits from its drive to fast-track innovation with the launch of new product lines such as ...
2d
on MSN
Metal stocks plunge sharply as China fails to introduce new stimulus measures
Metal stocks tanked today as investors were expecting Beijing to announce significant fiscal support, including trillions of ...
3h
on MSN
Polestar Seeks to Arrest Plunge by Selling Cars Via Dealers Too
Polestar Automotive Holding UK Plc’s new chief executive officer wants to turn around the struggling electric-car maker by ...
3d
3 Artificial Intelligence (AI) Stocks That Went Parabolic Can Plunge by Up to 78%, According to Select Wall Street Analysts
Three analysts are forecasting significant downside to come for some of Wall Street's leading artificial intelligence (AI) ...
1d
BMW and Mercedes-Benz sales plunge in China as luxury car slowdown worsens
BMW and Mercedes-Benz saw car sales slump in China in the third quarter as weak consumer sentiment in their biggest market ...
3d
on MSN
Oil and FTSE plunge on China fears
Oil prices and the FTSE 100 plunged today after China held off announcing fresh measures to boost its economy. Brent crude ...
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