BusinessGerman carmakers hit a dead end as China autos drive past
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BusinessGerman carmakers hit a dead end as China autos drive past
FRANKFURT: After decades of making bumper profits in China, Germany’s carmakers have run out of road and sales have slumped dramatically, forcing painful job losses at home. Volkswagen’s woes in China pushed Europe’s largest carmaker to a 5.8 billion euro ($6.5 billion) loss for the three months to»»»
German carmakers hit a dead end as China drives past
FRANKFURT – After decades of making bumper profits in China, Germany’s carmakers have run out of road and sales have slumped dramatically, forcing painful job losses at home. Volkswagen’s woes in China pushed Europe’s largest carmaker to a €5.8 billion (S$8.3 billion) loss for the three months to e»»»
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