Johnson Electric Holdings Ltd (0179.HK)
23 Aug 2019
HONG KONG (Reuters Breakingviews) - China’s auto pessimism could be over-revved. A grim start to the year saw sales slump by more than 10 percent compared with the first half of 2018. Chaos reigned amidst new rules, while Beijing remained reluctant to offer stimulus. But policy pressure is uneven, and the worst could be past.
FRANKFURT Luxury carmaker Daimler cut its profit forecast for the fourth time in 13 months on Friday, as it set aside more money to cover a regulatory crackdown on diesel emissions and vehicle recalls related to Takata airbags. | Video
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