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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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Even The Germans Are Succumbing To Europe’s Problems

LMC Now Forecasts 2012 West Europe Sales Will Dive 7.3 Per Cent “how will manufacturers respond in coming months – heavy discounting and self-registering are, after all, short-term solutions to what are clearly longer-term problems” German luxury car manufacturers have been sailing serenely past the wreckage of Europe’s mainstream industry, but even the likes of […]

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