Dossier
Stephen Dyer
Coverage of Stephen Dyer in the Nexus archive.
- Major German carmakers hit by steep China sales plunge as competition heats up
Major German carmakers including Volkswagen, Mercedes-Benz, BMW, and Porsche experienced steep quarterly sales declines in China, with drops ranging from 30% to 41% compared to the same period last year. The declines were driven by weakened domestic demand, intense competition from Chinese automakers like BYD, and a broader economic slowdown in China.