China Signals It May Let Weaker Automakers Merge as Sales Slow

  • Auto industry has `obvious overcapacity,' official says
  • Slowing car sales will severely undermine industry profit

Automakers Attempt to Swerve Headwinds from China

Chinese regulators signaled they may refrain from introducing large-scale stimulus measures and instead encourage weaker automakers to merge or be acquired, as a slowdown in the industry exposes problematic overcapacity.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.