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China Auto Brands Doomed If Foreign Ownership Relaxed

Chinese brands will be “killed in the cradle” if the government allows foreign automakers to become more independent from their domestic partners in the world’s biggest car market, the country’s main auto group said.

The China Association of Automobile Manufacturers voiced its warning yesterday as it reported that Chinese brands in January extended market-share losses, falling 4.9 percentage points from a year earlier to 38.4 percent, while foreign companies such as General Motors Co. benefited from record industry sales. Geely Automobile Holdings Ltd. alone saw deliveries tumble 47 percent.