Some European OEMs are seeing a recovery in autos: Daimler experienced a gradual recovery in orders in the latter part of Q2, while Volkswagen AG is predicting the rebound in China’s car market will pick up. Volvo AB is one exception, as it is anticipating a hit to demand in both the short- and medium-term. “Daimler and Volkswagen both bounced at the open, making autos the best performer in the Stoxx Europe 600 Index,” said The Detroit Free Press. (Source: The Detroit Free Press) Read the original article…
