Daimler Sales Are Doing Fine

Reuters: Daimler defies China gloom as luxury car sales boom
Its luxury-car division Mercedes-Benz launched the redesigned A-Class compact car and the GLC and GLE sport-utility vehicles (SUVs) in September, and its sales in China - the world's biggest car market - jumped 53 percent in that month. Audi's sales in the country rose 2.9 percent.

The upbeat Chinese prospects contrast with weak sales figures in the country from other carmakers, including General Motors and BMW, which raised concerns that a big source of profitable growth over the past decade may be running dry as the market matures and economic growth slows.
Long baijiu, short yuan.

No comments:

Post a Comment