German Cars Struggle in China | Global News

German automakers like Volkswagen, Mercedes-Benz, BMW, and Porsche are hitting hard times in China, with sales plummeting 30-41% in the last quarter and over 20% year-to-date — a major blow to profits despite strong performance elsewhere. Sluggish Chinese consumer spending, fierce competition from local brands (who undercut them on price and dominate the EV space), and slower model updates are forcing these traditional gas-powered giants to adapt fast in the world’s largest car market. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7a01cfa3d02dc414