Sluggish demand and intensifying competition in China have continued to put pressure on the automotive sector, with German luxury automakers BMW (BMW.DE) and Mercedes-Benz (MBG.DE) reporting declining sales in the region during the third quarter. Yahoo Finance autos reporter Pras Subramanian analyzes this trend and its implications for the broader luxury automotive industry. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith
The latest investor updates on stocks that are trending on Thursday.
(Bloomberg) -- Continental AG has lined up banks to help with the separation of its struggling car parts business, according to people familiar with the matter, moving ahead with the plans despite recalls related to faulty braking systems it supplied.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationSingapore Ends 181 Years of Horse Racing to Make Way for HomesFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsWhat Do US Vehicle Regulators