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German Car Stocks Undermined By China Devaluation Again

German Car Stocks Undermined By China Devaluation Again. “Logically, more (currency) depreciation should follow; economic growth is slowing, capital is fleeing and the currency was already overvalued” German car stocks took a beating for a second consecutive day as China again manoeuvred its currency lower on foreign exchange markets. There was plenty of doom and […]

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Mercedes Resists Faltering China With Powerful Profits

Mercedes Resists Faltering China With Powerful Profits. “We expect sales momentum to continue” – Zetsche Mercedes Benefitting As Audi, BMW Ranges Look Old. While BMW and Volkswagen investors wobble from real or imagined fears about China, Mercedes-Benz sailed serenely on reporting sharply higher sales there, while reporting much improved profits. Investors wondered whether Mercedes-Benz could […]

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VW Boosts Profit, But Cuts Sales Forecast Citing China

VW Boosts Profit, But Cuts Sales Forecast Citing China. VW Brand Improves Profit Margin. China Margin Of Close To 15 Per Cents Looks Unsustainable. Volkswagen impressed investors with its latest financial report but worries about China were inescapable. Shareholder confidence won’t be helped either by the fact that VW remains leaderless after the demise of […]

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