China Car Sales Plunge Most In 7 Years Amid Global Auto Industry Meltdown
Cars sales in China took a nose dive.
The January plunge was the largest one month fall in 7 years. This is a trend took place in 2018 and is continuing into 2019. The Chinese government is also refusing to stimulate at this time.
This is sending shockwaves throughout the automobile industry. Car companies in both Europe and the United States are scaling back. GM recently announced the laying off of 17,000 workers.
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