Used Mercedes-Benz AG luxury automobiles sit on the forecourt at the automaker’s showroom (Photographer: Krisztian Bocsi/Bloomberg)  

Auto Demand Facing a ‘Sustained Downturn' in World’s Two Biggest Markets

(Bloomberg) -- Global automakers are rapidly downshifting, two leading industry watchers said Wednesday, as demand falters in the world’s largest car markets -- China and the U.S.