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China slowdown slams brakes on auto market
2015-09-24 02:36:39| Auto Dealers - Topix.net
Shanghai: Chinese luxury auto dealer Sunfonda was in the fast lane to success as the country boomed but a slowdown in the world's number two economy has slammed the brakes on the firm's ambitions. The worst economic performance in a quarter century and a prolonged government crackdown on corruption have hammered luxury car sales in the country, and Sunfonda last month announced a 75 percent slump in first-half net profits.
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Category:Automotive
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