What the news says
This reflects pressure on European luxury automakers, which are heavily dependent on the Chinese market. The prolonged weakness in the world's second-largest economy could negatively impact the Eurozone's growth outlook.
07/08, 04:16 PM
Mercedes-Benz Group AG reports a decline in second-quarter car sales due to worsening weakness in China, where a property crisis is dampening demand for luxury cars.
Mercedes-Benz Group AG reports a decline in second-quarter car sales due to worsening weakness in China, where a property crisis is dampening demand for luxury cars.
Affected assets
bloomberg-industries
07/08, 04:16 PM
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