11-July-2026
Corporate News
 
German Automakers Hit by Sharp China Sales Drop in Second Quarter
11-Jul-2026

German carmakers' sales collapsed further in China during the second quarter, as a protracted slowdown in the world's biggest auto market cranked up the pressure on legacy brands in a bruising battle with local competitors. Volkswagen, Mercedes-Benz and BMW all saw a drop of at least 30% in the April to June period in China, according to company sales data.

News Source:- https://money.usnews.com/investing/news/articles/2026-07-10/german-automakers-hit-by-sharp-china-sales-drop-in-second-quarter