Germany’s premium auto brands seduce Chinese customers
Category: Consumer
Chinese carmaker Geely purchased Volvo from US automaker Ford earlier this year at a cost of US$1.8 billion. The business logic seems straightforward: Combine cheap Chinese manufacturing with a known Western brand, distribute the product and count the money. Is Volvo set to take a bite out of German premium automakers’ market share in China? […]
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Making for the exit
From “Foreign Capital, go home!” Michael Pettis, Guanghua School of Management professor of finance, July 31
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Gome Electrical net profit rises 30%
Gome Electrical Appliances Holding’s (0493.HK) net profit rose 30% in the fist half of the year, thanks to robust consumer demand for electronic appliances and the end of a prolonged boardroom battle, the Wall Street Journal reported. Higher profit margins and lower financing costs led the Chinese electronics giant to report a net profit of […]
Source: China Business News