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Automakers

German automaker mood darkens on slowing EV shift, China slump

VW workers with ID3 front end of car Bloom Arc 2024
VW ID3 electric vehicle assembly in Zwickau, Germany. (BLOOMBERG)
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By:
Bloomberg
August 05, 2024 09:42 AM

Germany's automakers are growing gloomier about their prospects after a disappointing earnings season marked by waning electric vehicle sales and weakness in China for companies including Volkswagen Group and Mercedes-Benz.

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