China’s Auto Market Stumbles After 30-Year Boom

  • 📰 WSJ
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

The wheels are coming off the world’s biggest auto market after decades of blistering growth

TANGSHAN, China—, as a prolonged and unprecedented sales slump partly induced by policy changes closes thousands of dealerships, idles factories and weighs on an already slowing economy.

In Tangshan, a city of about 7.6 million in the country’s north known for its steel producers and heavy industry, around five of the 30 dealerships in the Lunan Car Culture Industrial Park have closed in the past year, dealers said. Abandoned furniture...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Oh God. We'll have to bail out UAW corruption again.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Auto industry cautious about China's sluggish market at start of decadeChina's auto market is likely to shrink for the third year in a row in 2020... Who the hell cares about the Evil Empire of China!! They are slaughtering protesters in Hong Kong and committing genocide against the Uyghur’s. HKProtests China_is_terrorist The AutomotiveIndustry doesn’t give a crap about the HumanRightsViolations occurring by the CCP China's auto Industry is just fine. But the definition of auto, has shifted to EVs. You don't sell EVs, you go bankrupt, it's that simple. 👍
Source: Reuters - 🏆 2. / 97 Read more »

Auto industry cautious as China starts 2020 with forecast of a 2% sales declineAutomakers in China need to get used to a new normal of 'low speed growth&q... Please don't. Go on with sheer detachment of finance. In the video: First thing I notice is the pollution in China. Wonder how that will translate for TESLA ?
Source: Reuters - 🏆 2. / 97 Read more »

Amazon announced 2 automaker partnerships for Alexa Auto platform - Business InsiderAmazon made announcements that illustrate its strategy to expand access to consumers through Alexa Auto — including new automaker partnerships.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Auto industry cautious about China's sluggish market at start of decadeChina's auto market is likely to shrink for the third year in a row in 2020... Who the hell cares about the Evil Empire of China!! They are slaughtering protesters in Hong Kong and committing genocide against the Uyghur’s. HKProtests China_is_terrorist The AutomotiveIndustry doesn’t give a crap about the HumanRightsViolations occurring by the CCP China's auto Industry is just fine. But the definition of auto, has shifted to EVs. You don't sell EVs, you go bankrupt, it's that simple. 👍
Source: Reuters - 🏆 2. / 97 Read more »