IllustrativeVolkswagen warns of continued slump in China auto market
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
Volkswagen has warned of a continued decline in the china auto market. The slump in china is reportedly affecting not just volkswagen, but also other automakers such as bmw, which has cut its profitability outlook. The struggles in the chinese market, combined with other factors like us tariffs, are expected to impact the profits of german automakers.
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