China’s Sputtering Car Sales Could Stall European Auto Rally – WSJ – Wall Street Journal
European auto stocks may be running out of fuel in China.
China in June recorded a 3.4% monthly year-on-year drop in new-car sales, its first decline in more than two years. More worrying, the China Association of Automobile Manufacturers also cut its growth forecast to 3% from 7% for this year.
That is bad news for European car makers,…