Sluggish demand and deflationary prices combine to spell a drop in profits for two of China's largest automakers. Tianjin Automotive Co. Ltd. and Dongfeng Automotive Corp., both of which went public in June on China's stock exchanges, report feeble profits for the year's first half. Officials from both carmakers reportedly are quick to blame the stumble on slow demand and lower prices, economic factors that are currently prevailing throughout China's business sectors. Tianjin Automotive, ...
Premium Content (PAID Subscription Required)
"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.