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Major German carmakers hit by steep China sales plunge as competition heats up - AP News

Major German carmakers hit by steep China sales plunge as competition heats up - AP News

Major German carmakers are experiencing sharp quarterly sales declines in China, the world's biggest auto market. Volkswagen, Mercedes-Benz, BMW, and Porsche saw China sales plummet between 30% and 41% in the April-June quarter compared with last year. For thโ€ฆ

HONG KONG (AP) Major German carmakers saw sharp quarterly sales declines in China as domestic demand weakened and competition heated up in the worlds biggest auto market. At Volkswagen, Mercedes-Benโ€ฆ [+2917 chars]

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