Nissan, Daimler, and Aston Martin latest to take the hit in global car industry

Global carmakers as diverse as Japan’s Nissan, Germany’s Mercedes Benz-maker Daimler, and British-based Aston Martin, in new warnings about sales slowdowns, showed the huge challenges facing the industry as they try to buy time to invest in the new generation of electric and self-driving cars.

Standing out against the pack, however, was French carmaker PSA, the Peugeot and Opel-Vauxhall manufacturer, as it delivered a sharp increase in first-half profit, defying the global industry downturn as new models and cost savings more than made up for weaker emerging market sales.