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1.Market Observations, 8.Was Sticky

30 July 2019 (AFR) – Shrinking Chinese car market sparks fears over foreign groups’ future

(30 July 2019, AFR, p23, Tom Hancock, Wang Xueqiao and Qian’er Liu)

Foreign car ventures in China suffer from low capacity use (FT)

Foreign car ventures in China suffer from low capacity use (FT)

Shanghai/Shenzen | China’s shrinking car market is hitting foreign manufacturing groups hard, with some companies operating at a fraction of their potential output, sparking fears a number will be forced to quit the world’s biggest market. Ford and Peugeot owner PSA have suffered the most, with their factories running well below full capacity at historic lows because of plunging sales after last year’s reversal in the Chinese auto market — the first in almost three decades.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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