Guangzhou Automobile Group Co (HK:2238) has released an update.
Guangzhou Automobile Group Co., Ltd. reported a significant decrease in its vehicle production and sales for May 2024, with year-on-year drops of 37.62% in production and 25.33% in sales. The cumulative figures for 2024 also saw declines, with production and sales decreasing by 28.62% and 24.51% respectively, compared to the previous year. The report highlighted notable reductions across its various subsidiaries, including GAC Honda and GAC Toyota Motor.
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