BYD is Cutting Production Despite Strong Sales ...Middle East

BYD stock and its U.S. listed ADRs slumped about 3% on Wednesday this week, after it was reported the vehicle manufacturer was cutting production. China’s top automaker is scaling back production at several factories due to rising vehicle inventories and slower-than-expected sales growth, multiple outlets including Reuters and CarNewsChina reported. The company has canceled night shifts and delayed adding new production lines, reducing output at at least four factories by about one-third. “There were two reasons for the mentioned actions:…

Read More Details
Finally We wish PressBee provided you with enough information of ( BYD is Cutting Production Despite Strong Sales )

Also on site :

• China's Oil Imports From Iran Hit Record High
• British cars are being stolen and shipped within a day, fueling a multi-billion-pound crime bill
• U.S. Oil Reserve Refill Pushed Back Seven Months