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Prada profits cut by Asia slowdown

2015-09-15 16:54:45| BBC News | Business | UK Edition

Profits at Italian luxury fashion group Prada fell by almost a quarter in the first half of the year as sales in Hong Kong and Macau slid.

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Renault CEO not worried about China slowdown

2015-09-14 14:32:20| Auto Dealers - Topix.net

The French carmaker Renault does not seem to be troubled by the economic situation in China and how it has been affecting auto sales there, according to the brand's head, Carlos Ghosn, in an interview published on Saturday. Ghosn has stated that Renault sells 30,000 cars every year in China and that it is planning to launch a new factory there starting 2016.

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New signs of China economic slowdown

2015-09-13 12:53:29| BBC News | Business | UK Edition

Growth in China's investment and factory output in August has come in below forecasts, in a further indication that the world's second-largest economy is losing steam.

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Geely's Volvo sees new models taking edge off China slowdown

2015-09-10 07:29:26| Auto Dealers - Topix.net

Geely's Volvo Car Group expects the Chinese roll-out of its new XC90 and, next year, the S90, to drive sales through a slowdown in demand in the world's biggest auto market, its top executive said. Chief Executive Hakan Samuelsson said Volvo would not join in any price war to prop up volumes as the company tries to make inroads into a high-end car market dominated by German rivals, although some analysts said he may be tempted to cut prices.

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ABB lowers growth outlook amid China slowdown

2015-09-09 09:34:09| Electronics - Topix.net

ABB Ltd. on Wednesday lowered its five-year growth outlook and launched a big reorganization of its business as the power and automation giant said it faced slower global growth, including in China. Zurich-based ABB, the world's largest maker of power grids, cut its annual revenue growth target to 3% to 6% between 2015 and 2020 from 4% to 7% previously.

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