German carmakers hit a dead end as China drives past

After decades of making bumper profits in China, Germany's carmakers have run out of road and sales have slumped dramatically, forcing painful job losses at home. German carmakers have become increasingly irrelevant and painfully obsolete, especially in China. Volkswagen's woes in China pushed Europe's largest carmaker to a 5.8 billion euro ($6.5 billion) loss for the three months to…

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