German auto industry faces even tougher competition as China economy slows - Reuters
German auto industry faces even tougher competition as China economy slows Reuters
Coverage by Political Leaning
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Notable Quotes
"The competition in the Chinese market is the most intense competition in the world."
— Hildegard Mueller , Executive
"The Chinese manufacturers will have a bigger role now and in future."
— Hildegard Mueller , Executive
"China is in economic crisis with high unemployment and many have to save."
— Hildegard Mueller , Executive
"The competition in the Chinese market is the most intense competition in the world."
— Hildegard Mueller , Executive
"The Chinese manufacturers will have a bigger role now and in future."
— Hildegard Mueller , Executive
"China is in economic crisis with high unemployment and many have to save."
— Hildegard Mueller , Executive
"Volkswagen now targets operating margins of 4%-6% in China by 2030, down from double-digit margins the group once generated there."
— Ralf Brandstaetter , Executive
"The competition in the Chinese market is the most intense competition in the world."
— Hildegard Mueller , Executive
"The Chinese manufacturers will have a bigger role now and in future."
— Hildegard Mueller , Executive
"China is in economic crisis with high unemployment and many have to save."
— Hildegard Mueller , Executive
"The competition in the Chinese market is the most intense competition in the world."
— Hildegard Mueller , Executive
"The Chinese manufacturers will have a bigger role now and in future."
— Hildegard Mueller , Executive
"China is in economic crisis with high unemployment and many have to save."
— Hildegard Mueller , Executive
"The competition in the Chinese market is the most intense competition in the world."
— Hildegard Mueller , Executive
"The Chinese manufacturers will have a bigger role now and in future."
— Hildegard Mueller , Executive
"China is in economic crisis with high unemployment and many have to save."
— Hildegard Mueller , Executive
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<a href="https://news.google.com/rss/articles/CBMiuwFBVV95cUxOWEpJWnE0S2o1QlVvMzBIUEdCZFdKZ0wyZ1N2SEpDaGd2OEZGa0JIb28zRkdISElVMmhRUlNteVJPVUVWeWNyWkxZUkdTSGxBQmxXNk9PNkRhbGk1cnRTZDRYdWtkd0RxQUhQbXhocFhXMUNTRUFaYkwzWGpjUEdMMzRNdmFNUm1VLUMxeFFNNWJLRWdzeXpLbEdaYjdYN2dPaXZKdFl5ZlpkRzdFMlhLMWNCVUJjRHI1Mnh3?oc=5" target="_blank">German auto industry faces even tougher competition as China economy slows</a> <font color="#6f6f6f">Reuters</font>
China's economic slowdown is squeezing Germany's carmakers further as they face a lasting shift away from the market conditions that underpinned years of dominance, a German industry official said at the Beijing auto show on Saturday.
China's economic slowdown is squeezing Germany's carmakers further as they face a lasting shift away from the market conditions that underpinned years of dominance, a German industry official said at the Beijing auto show on Saturday.
Volkswagen has sharply lowered its ambitions for China, cutting long-term sales and profitability targets as competition intensifies, a leading executive told the Handelsblatt newspaper in an interview published on Thursday.
Automakers endured a disastrous 2025, marked by steep profit declines and multibillion‑dollar losses, with Chinese manufacturers standing as the only exception. The outlook points to a tough 2026.
China's economic slowdown is intensifying competition for German automakers, with local brands like Geely and Nio offering advanced features at lower prices, challenging German dominance in the market.
The article reports on the challenges faced by German automakers due to China's economic slowdown, highlighting intensified competition from local brands and the impact of consumer patriotism in China.
The article highlights the intensified competition in the Chinese auto market due to the economic slowdown, with local brands like Geely and Nio offering advanced features at lower prices, challenging German automakers.
China's economic slowdown is intensifying competition in its auto market, squeezing German luxury brands as local rivals like Geely and Nio surge with premium, feature-rich EVs at lower prices amid weakening demand and rising consumer patriotism.
At the Beijing auto show, Hildegard Mueller, president of Germany's VDA auto lobby, highlighted the intensified competition in China, emphasizing the growing role of Chinese manufacturers and the impact of consumer patriotism.
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