No Longer Immune Crisis Hits German Luxury Carmakers

In the first sign that the global economic crisis may be returning to the luxury car industry, Germany's Daimler has reduced its earnings forecast for next year, while Porsche said it would also build fewer cars. The market in China, which helped keep German manufacturers above water in recent years, is slowing.
'The overall market in Europe is deteriorating,' German carmaker Daimler has warned.

'The overall market in Europe is deteriorating,' German carmaker Daimler has warned.

Foto: dapd
dsl -- with wire reports
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