Duitse autofabrikanten lijden onder forse teruggang in China met dalingen tot 41 procent

German luxury and mass-market automakers experienced severe sales contractions in China during the second quarter, with Volkswagen, Mercedes-Benz, BMW and Porsche each reporting declines ranging from 30% to 41% year-over-year. Weakening domestic demand and intensifying competition in the world's largest automotive market drove the downturn, which extended across the first half of the year with