German carmakers hit a dead end as China drives past

Bangkok Post · AFP · 2026-11-06 04:45 UTC

FRANKFURT — 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.

FRANKFURT — 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.

Volkswagen's woes in China pushed Europe's largest carmaker to a €5.8-billion (US$6.5--billion) loss for the three months to end-September.

The 10-brand group's declining fortunes in the world's largest car market are the main reason behind a historic restructuring drive that could see it shed up to 120,000 jobs by the end of the decade.

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