Porsche Q1 deliveries fall 8% on weaker demand in China and Europe
Global deliveries stood at 71,470 cars worldwide, Porsche said, with deliveries down 42% and 10% year-on-year in China and Europe, respectively. In Germany, Porsche's home market, deliveries slumped 34% to 7,495 vehicles. German carmaker Mercedes-Benz said on Monday that its first-quarter unit sales of cars and vans fell 7%, hit by declining demand in China and Europe.