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BMW, Mercedes China Sales Slump
BMW, Mercedes China Sales Slump as Slowing Market Turns to EVs
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.Deliveries of BMW and Mini-branded cars fell 30%, the steepest drop in more than four years.
BMW and Mercedes-Benz See Profits Melt Away in China
BMW and Mercedes-Benz have seen their sales and profits drop significantly in China since the beginning of the year.
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 reporting weaker results in the country. The slump in China, the world's biggest car market,
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BMW, Mercedes China sales plunge as luxury slowdown worsens
The developments, along with slowing growth for electric vehicles in Europe, have contributed to profit warnings from both ...
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Mercedes-Benz Cars Sales Dips in Q3 on Weaker Demand
BERLIN (Reuters) - Mercedes-Benz saw a slight drop in cars sales in the third quarter as weaker demand, particularly in Asia, ...
ET Auto
1h
VW, Porsche China sales skid as market turns to local EVs
Volkswagen: Intensifying competition and weaker spending in China dragged VW’s luxury sports-car brand Porsche AG to its ...
electrive
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Mercedes’ EV sales down by almost a third in Q3
Mercedes-Benz recorded a 31 per cent drop in battery-electric passenger car sales in the third quarter of this year. The van ...
1d
on MSN
Mercedes-Benz Group Q3 sales dip as carmaker flags soft demand in China
Germany's Mercedes Benz Group Group (ETR:MBGn) has reported a drop in third-quarter sales, dented by weak economic conditions in China and a "subdued" market for battery-powered electric vehicles (EVs ...
1h
on MSN
China’s September Auto Sales Reverse Five-Month Declines, EVs Surge Ahead
China’s passenger-vehicle sales rose in September, reversing five months of declines thanks to supportive government policies ...
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