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Guangzhou-based GAC, which has partnerships with Toyota Motor and Honda Motor, expects its full-year sales and production to be positive, said general manager Feng Xingya.
BASF said shedding 2,000 jobs by the end of 2022 would help the group save 200 million euros ($234 million) annually by 2023.
In the passenger vehicle segment, the automaker saw an uptick of 21.3 percent at 113,033 units as against 93,173 units in August 2019.
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China, GAC Group, Bayerische Motoren Werke AG, Reuters, Automotive industry
World news – CA – China’s GAC, BMW expect China sales to grow this year – ET Auto