Sales for German automakers, including Porsche, BMW, and Mercedes-Benz Group, dropped by 30-32% in the Chinese market.
Steady: 0 in the last 7 days
Updated sep 25
The latest in this situation
How it started
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What happened
Sales for German automakers, including Porsche, BMW, and Mercedes-Benz Group, dropped by 30-32% in the Chinese market.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Market decline impacts sales and profitability for Volkswagen Group and Porsche in China.Sub-event
- Weakened sales in China impacted overall profits for Mercedes-Benz Group.Sub-event
Market slowdown causes significant sales decline for German auto brands in China.1 source
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The entities involved
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China
cultural region, ancient civilization, and nation in East Asia; mostly refers to the People's Republic of China in political situation and rarely refers to the Republic of China
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Porsche
German automobile manufacturer specializing in high-performance sports cars, SUVs and sedans, owned by Volkswagen AG
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BMW
German automobile manufacturer, and conglomerate
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