Geely sees speed bumps ahead as its car sales and earnings sputter while China’s economic engine loses power

Geely Automobile Holdings, whose founder Li Shufu is the largest single shareholder of Daimler, said sales of its portfolio of brands including Lynk and Volvo are likely to remain flat this year in China, as economic growth slows down in the world’s largest vehicle market.The Zhejiang-based carmaker sold 44 per cent fewer vehicles in December, causing Geely to miss its 2018 sales target by 5 per cent.Car sales in China sputtered last year, as three decades of double-digit percentage growth… Source link

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