From January to September, the industry delivered a total of 14.86 million cars, a drop of 11 per cent on the year. Photo: Xinhua
From January to September, the industry delivered a total of 14.86 million cars, a drop of 11 per cent on the year. Photo: Xinhua
Autos

China’s carmakers face profit squeeze amid rising material costs, dwindling demand

  • The country’s carmakers are expected to report a drop in net profits for October, says the China Association of Automobile Manufacturers (CAAM)
  • A surge in the factory-gate inflation rate drove up prices of materials used in carmaking, which include steel, aluminium and copper

From January to September, the industry delivered a total of 14.86 million cars, a drop of 11 per cent on the year. Photo: Xinhua
From January to September, the industry delivered a total of 14.86 million cars, a drop of 11 per cent on the year. Photo: Xinhua
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