American Automakers Losing Ground in a Shrinking Chinese Market
- Brands haven’t refreshed lineups fast enough: industry body
- Makers not facing anti-U.S. sentiments or boycotting: CAAM
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American carmakers are losing ground in the Chinese market, and their problems are mostly tied to a lack of competitiveness rather than the trade war, an industry body said.
The market share of U.S. brands fell to 10.7 percent in the first eight months of 2018 from 12.2 percent a year earlier, according to the China Association of Automobile Manufacturers. The drop was caused by companies including Ford Motor Co. not refreshing their lineups in a timely manner, Xu Haidong, the association’s assistant secretary general, said Tuesday.