China’s new-vehicle market, a reliable source of growth and profits for automakers worldwide, contracted for the second consecutive year as a weakening economy and prolonged trade war with the United States continued to sap demand.
China’s new-vehicle market, a reliable source of growth and profits for automakers worldwide, contracted for the second consecutive year as a weakening economy and prolonged trade war with the United States continued to sap demand.
The Trump tariffs will push automakers to drill down into their supply chain for every dollar of U.S. content that is exempt from import levies.