Chinese shoppers bought fewer cars last year as trade tensions and a weaker economy contributed to the first annual sales decline in two decades.
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Chinese Annual Car Sales Slip for First Time in DecadesPassenger-vehicle sales in China fell last year for the first time since 1990, producing a wreck for Ford, GM and other global manufacturers, which have banked on the world’s largest car market in the face of saturation elsewhere.
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Global Auto Makers Dented as China Car Sales Fall for First Time in DecadesPassenger-vehicle sales in China fell last year for the first time since 1990, producing a wreck for Ford, GM and other global manufacturers, which have banked on the world’s largest car market in the face of saturation elsewhere.
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Geely flags Chinese car pileup aheadThe $13 bln automaker is forecasting flat sales for the year ahead, following a 20 pct rise last year. Demand is cooling after years of blistering growth, forcing companies to downshift. Politics and over-investment are mostly to blame, but that’s scant comfort to investors.
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