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Will slowing car sales in China reignite brutal price war in crowded market?
South China Morning Post
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In the most bearish Chinese car market forecast by an international bank or consultancy, AlixPartners has predicted that deliveries will fall by 10 per cent this year on the back of a shaky economy and softening government support.
Weak buying interest was likely to fuel a brutal price war that would ensnare nearly all the country’s 100-odd carmakers, the global consultancy added.
It forecast that 24.6 million light vehicles would be delivered by Chinese carmakers this year, with 10 million of...
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