Daimler’s Reverse Bodes Ill for European Auto Sector – Wall Street Journal

Posted: Tuesday, August 25, 2015

China worries have halted stocks in European luxury auto makers in their tracks. That even Daimler has now stalled suggests deepening concerns for the sector.

Shares in BMW and Volkswagen, Audi’s parent company, plunged this year after the companies reported softening Chinese sales growth. In July alone, BMW unit sales fell 7% while Audi’s dropped by 13% year on year. But Daimler had bucked the trend. During the same month, Daimler’s…


Write a Reply or Comment:

Your email address will not be published.*