An interesting read on local demand for passenger vehicles in China.
Lots more goodies in the source.
https://asia.nikkei.com/Business/Companies/Automakers-in-China-put-the-brakes-on-production
Most Japanese and American brands facing significant reductions in demand, with a few exceptions.
The government is also on guard against excess capacity in production from developing and plans to ban new manufacturing plants for gasoline-powered vehicles unless the plant utilization rate of the region is above the national average.
Lots more goodies in the source.
https://asia.nikkei.com/Business/Companies/Automakers-in-China-put-the-brakes-on-production
Most Japanese and American brands facing significant reductions in demand, with a few exceptions.