While PSA Citroen and General Motors are teaming up to cut costs in the face of the declining European market, VW, Daimler and BMW are booming due to heavy sales in China.
Germany’s Daimler has been given the green light to buy 12 percent of Chinese partner BAIC. DW discusses the move with Stefan Bratzel from the Center of Automotive Management in Bergisch Gladbach.
Car sales in the European Union slumped further in June, although the pace of decline slowed slightly. Debt-wracked nations are at the center of the industry's troubles.
Car sales in the crisis-stricken EU have slumped for the eighth month in a row, compounding the woes of the continent's troubled carmakers. Lucky are those who can rely on overseas profits.
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