Chinese Auto Sales Hit Their Lowest Levels In 17 Months - Jalopnik
Retail deliveries fell 2. 5 percent to 1. 3 million units, the lowest level since February 2014, according to the China Passenger Car Association. A separate set of figures from the China Association of Automobile Manufacturers showed passenger-vehicle sales declined 6. 6 percent, also to a 17-month low. Volkswagen builds a range of models there including its Touareg and Audi Q7 flagship SUVs at its Bratislava plant, South Korea’s Kia produced more than 300,000 vehicles in the country last year while PSA/Peugeot-Citroen’s Slovak unit made more... Prime Minister Robert Fico said he was committed to boosting the country’s premium car sector and would work closely with Jaguar Land Rover to ensure the plant is built in Slovakia. Profit margins remain healthy and sales this year are on pace to be Maserati’s second-best ever (only behind 2014) for Fiat Chrysler, as Maserati awaits the arrival of its highly anticipated Levante crossover SUV in 2016 — a first for the brand. will be a critical component of its sales: In 2014, 39 percent of Maserati sales were here. “We are doing well,” Maserati CEO Harald J. Wester said in a phone interview from Italy, birthplace of Maserati. Source: jalopnik.com
