Post Tagged with: "growth"

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Audi chief confident China auto sales would recover fast

Audi chief confident China auto sales would recover fast

Audi’s chief executive officer Rupert Stadler seems confident China’s recent automotive sales volume slowdown is only temporary and thinks deliveries would grow again sooner than later. China, the world’s largest auto market and the second global economy, has seen a recent slowdown in automotive sales growth, in part due to […]

China nine month auto sales rise the lowest in three years

China nine month auto sales rise the lowest in three years

Passenger-vehicle deliveries in the world’s largest auto market, China, have surged at the slowest rate since 2012 after the first nine months, showcasing the slumping demand that triggered a governmental purchase tax cut to rekindle demand. Retail sales of cars, SUVs and multipurpose vehicles soared 5.8 percent to a tally […]

Thailand sees collapse of car sales this year

Thailand sees collapse of car sales this year

Thailand’s industry-wide auto sales might slump up to 15 percent this year and deliver a third consecutive year of negative growth, according to the Thai subsidiary of Japan’s Toyota Motor Corp. The company had initial expectations that called for a positive turn of events – with new vehicle sales soaring […]

Europe: VW executive says automakers returning from China

Europe: VW executive says automakers returning from China

Carmakers are coming back to Europe and increasing production on the Old Continent as China, the world’s largest single auto market, starts lowering the cost advantage as the economy weakens. The weakness seen in China would prove a great opportunity for central European countries to attract new investments even as […]