Sales of high-end cars fall in China as its economy slows, hitting European carmakers
HONG KONG (AP) — Chinese demand for foreign luxury cars is falling as customers opt for more affordable Chinese-branded models, often sold at deep discounts, satisfying their taste for luxury electronics and comfort. That’s bad news for European carmakers like Porsche, Aston Martin, Mercedes-Benz and BMW, which have long dominated the top end of the … Read more
