Electrifying: Toyota’s all-newCorolla vehicle on display at the Guangzhou International Automobile Exhibition yesterday. More than 60 new models are being unveiled at the auto show in the southern city ofGuangzhoustarting yesterday, with manufacturers betting on swanky SUVs and electric cars to revive a market headed for its first annualslumpin at least two decades. — Bloomberg
GUANGZHOU: China, the world’s biggest car market, has had it all this year – a trade war, a collapsing stock market, and a weakening currency that kept consumers away from showrooms.
From Volkswagen AG to Toyota Motor Corp, global carmakers are trying an old pill for the problem: lure back shoppers with a flood of new cars. More than 60 new models are being unveiled at the auto show in the southern city of Guangzhou starting yesterday, with manufacturers betting on swanky SUVs and electric cars to revive a market headed for its first annual slump in at least two decades.
Limited time offer:
Just RM5 per month.
