The road ahead looks slippery for Germany's luxury carmakers, which face deteriorating conditions in their home market and in China.
Demand is starting to flag in Germany as a deepening downturn in southern and western Europe is now weighing on the German economy.
BMW, Daimler AG's Mercedes-Benz and Volkswagen AG's Audi face weaker demand in China, too, where the gap between growth rates for luxury and mainstream vehicle sales has shrunk significantly.
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