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Automakers Are Taking a Beating Over China
Stocks for automakers such as General Motors, Fiat Chrysler Automobiles and Ford took a pounding Tuesday after China devalued its currency in an effort to boost exports from the country, stemming the economic slowdown already underway.
In a statement released Tuesday, GM said it had enough of a local supply chain within China to offset its exposure to international currency fluctuations.
“We believe that our exposure is limited and manageable, and do not expect that the devaluation will have a material impact on the company’s financial performance,” the company wrote.
China 2015: The 10 Most Impressive Chinese Carmakers at Auto Shanghai (Part 2)
It’s Leopaard, with two A’s.
Last time we had a look at the 10th to 6th most-impressive Chinese carmakers at Auto Shanghai 2015, it’s now time for ranks No. 5 to No. 2. By now, either the carmakers in question have made tremendous progress compared to last year in Beijing, or they are approaching world class. And we’ll start with the “Most Improved” award.
Drumroll, please:
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