Story thread · 2 reports / 2 sources

China Signals It’s Finally Starting to Tackle Glut in Car Market

bloomberg.com · 21h · first reportShare

China has long called for consolidation to rein in production overcapacity in the world’s biggest auto market, only for those efforts to fizzle. But a deal involving two state-owned companies is a sign that it may finally have found a way of tackling the problem of making too many cars.