Automakers

German automakers become more worried about Tesla, Chinese rivals

BMW showroom
A BMW showroom. A German survey found that views about the future of the econony by VW, Mercedes and BMW deteriorated for a fifth month in a row in June.
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By:
Bloomberg
July 05, 2023 12:14 PM

German automakers' expectations are at their worst since the 2008 financial crisis because of inflationary pressures, weak economic growth in Europe and punishing competition from Tesla as well as Chinese automakers, a new survey found.

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