Chart of the day: Car trouble
Europe's premium-car makers have borne the brunt of Beijing's new anti-monopoly investigations into the vehicle industry. The 74 per cent market share enjoyed by Audi, BMW and Mercedes-Benz together explains why. Volkswagen's dominance across the passenger-vehicle market - 18 per cent of the total, according to analysts at Citi - is as striking as the correlation between overall Chinese and European market share. European brands have gained at the expense of Chinese marques this year. Consolidation is the obvious answer to the competitive challenge to home-grown cars, with more than 17 Chinese makers scrapping for a slice of the 32.1 per cent of the market domestic brands own.