Daimler has issued a profit warning and BMW has issued a quarterly automotive division loss due to the fall in sales.
European Car sales had a marked drop in June, another addition to the downward spiral that is leading to profit warnings across the European car market this year. At the halfway mark for it's looking likely there will be a second annual decline in sales. The industry is blaming uncertainty around Brexit and flattening demand for the drop. European car sales look set for a second annual decline after new car registrations fell sharply last month. Sales dropped 7.8% to 1.
European Car sales had a marked drop in June, another addition to the downward spiral that is leading to profit warnings across the European car market this year. At the halfway mark for it's looking likely there will be a second annual decline in sales. The industry is blaming uncertainty around Brexit and flattening demand for the drop. European car sales look set for a second annual decline after new car registrations fell sharply last month. Sales dropped 7.8% to 1.
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