HONG KONG (AP) Chinese demand for foreign luxury cars is waning as customers opt for more affordable Chinese brand models, often sold at big discounts, catering to their taste for fancy electronics a… [+4895 chars]
High-end car sales sink in China as its economy slows, taking a toll on European automakers - AP News
Chinese demand for foreign luxury cars is waning as customers opt for more affordable Chinese brand models. Those are often sold at big discounts catering to their taste for fancy electronics and comfort. That is bad news for European carmakers like Porsche, …
By:Chan Ho-him
Source:Associated Press
Published:
Related News
Micron to invest $24 billion in Singapore plant as AI boom strains global memory supply - CNBC
Micron Technology has committed investments of $24 billion to expand its memory chip production within Singapore.
CNBC•Dylan Butts
General Motors is set to report earnings before the bell. Here's what Wall Street expects amid major electric vehicle write-downs - CNBC
GM plans to record $7.1 billion in special charges for the fourth quarter of 2025 related to its pullback in electric vehicles and restructuring in China.
CNBC•Michael Wayland
Fed expected to keep rates unchanged as Chair Powell pivots back to economics - AP News
After two weeks of intense political and legal scrutiny, the Federal Reserve will seek to make this week’s meeting about interest rates as straightforward and uneventful as possible, though President Donald Trump probably still won’t like the result. The cent…
Associated Press•Christopher Rugaber