Car Companies: Losses in China Endanger Overall Balance Sheets
9 Articles
9 Articles
The collapse of the Chinese market continues to cause sales declines at the Stuttgart automaker. However, the strong demand for e-cars is a source of hope.
For VW, BMW and Mercedes, the fall in sales in China has reached a new dimension. There is no end in sight. Now the entire profit targets of the companies are in danger.
German automaker Mercedes-Benz said on Wednesday that sales in the company's core passenger car business continued to decline in the third quarter, Reuters reports.
The collapse of the Chinese market continues to cause sales declines at the Stuttgart automaker. However, the strong demand for e-cars is a source of hope.
A further collapse in China has prevented Mercedes-Benz from selling in the third quarter. Altogether, the Dax Group sold 407,200 cars, 8 percent less than a year earlier.
Mercedes-Benz is going through one of its most delicate moments in China after years of growth and dominance among luxury brands; the company is undergoing the accelerated transformation of the market and the advance of new local manufacturers; it is now preparing a profound renovation of its range to try to recover lost ground. Mercedes-Benz is living in China one of the most complicated moments in its recent history. The German brand, which fo…
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