Chinese car dealer collapse signals another difficult year for the Chinese market ...Middle East

Daily Sun - News
Chinese car dealer collapse signals another difficult year for the Chinese market
A Chinese automobile dealership that managed up to 80 locations in the southern province of Guangdong declared bankruptcy last week, indicating that the fierce rivalry that has roiled the world’s largest auto industry may linger another year.On Jan 17, salespeople from Guangdong Yongao Investment Group informed consumers that the firm had collapsed and that orders had been cancelled.This was while staff were waiting to be paid outstanding salaries, according to Chinese media outlets.The dealership marketed over a half-dozen brands, including Honda Motor Co., Volvo Car AB, and Guangzhou Automobile Group Co.’s electric car brand Aion.Photos uploaded on social media showed roughly 20 yellow tow

Hence then, the article about chinese car dealer collapse signals another difficult year for the chinese market was published today ( ) and is available on Daily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Chinese car dealer collapse signals another difficult year for the Chinese market )

Apple Storegoogle play

Last updated :

Also on site :