High-end car sales sink in China as its economy slows, weighing on European carmakers
HONG KONG (AP) — Chinese demand for foreign luxury cars is waning as customers opt for more affordable models from Chinese brands, often sold at deep discounts, that rekindle their taste for electronics and front-end comfort. This is bad news for European carmakers such as Porsche, Aston Martin, Mercedes-Benz and BMW who have long dominated … Read more