State-owned Chinese carmakers GAC and JAC forecast record Q2 losses

finance.yahoo.com/news/state-owned-chinese-carmakers-gac-124926447.html

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BEIJING (Reuters) -Guangzhou Automobile Group (GAC) and JAC Group expect to post their biggest ever second-quarter losses next month, as the state-owned Chinese automakers struggle with competition at home and abroad.
China’s auto sector is reeling from overcapacity and…

This story appeared on finance.yahoo.com, 2025-07-15 12:49:26.
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