China’s Car Dealerships Facing Losses of Almost $20 Billion
Car dealerships across China are facing losses of almost $20 billion as consumers hold off on making major purchases and ...
China auto association flags concern over dealership losses to government
Car dealers incurred combined losses of 138 billion yuan ($19.55 billion) in the first eight months of the year as they were ...
The end of the great China gold rush
American businesses hoped China would be a gold mine. That dream is dying and it could make it harder for the countries to ...
VW Targets Job Cuts in China to Lower Costs as Sales Slump
Volkswagen AG has begun to trim corporate jobs in China as it works to reduce overhead by a target of 20% globally over the ...
US arm sales to Taiwan violate "One China Principle," China says
U.S. arms sales to Taiwan have seriously violated China's "One China Principle" and provisions of joint communiques between ...
China’s New Home Sales and New Construction Starts Narrow Declines
China’s new home sales and new construction starts by property developers narrowed their year-over-year declines in August, ...
Channel NewsAsia Singapore4d
The moon’s dimming light: China sees lacklustre mooncake sales as consumers refuse to bite
Festival has seen the Chinese mooncake industry buckle under domestic consumption woes. While these round pastries remain a ...
Mercedes-Benz trims 2024 core profit outlook again after China sales fall
Benz on Thursday cut its full-year profit margin for the second time in less than two months, after overall sales volume fell ...
Automotive News4d
VW and China partner SAIC set to close car plant as sales shrink
VW and SAIC are cutting capacity and conducting a strategy review of the Skoda brand in China after a steep dropoff in sales.