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2. VW, GM shudder as China profit engine sputters

2015-07-17 07:55:44| Automakers - Topix.net

The China Association of Automobile Manufacturers cut its 2015 vehicle sales growth forecast for China in 2015 to 3 percent from 7 percent. Automakers like GM with volume brands have already responded to the slowdown by cutting prices and increasing discounts, squashing profit margins.

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Category:Automotive

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