German sports car maker Porsche AG reported a 28% tumble in 2024 China sales on Monday, as persistent weakness in the world's largest car market hit German carmakers.
Porsche, majority-owned by Volkswagen sold 56,887 vehicles in 2024 in China, versus 79,283 in 2023.
The drop weighed on global sales, which were down 3% at 310,718 vehicles compared with 2023. This came despite growth in its other markets, including an 11% rise at home in Germany.
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