China Dealer Halts Porsche, VW Stores Amid Price War
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A Porsche dealership. Photo: VCG
A Chinese dealership group has suspended operations at two Porsche centers and a Volkswagen outlet, underscoring mounting pressure on foreign automakers and their retail networks as China’s auto price war squeezes cash flow.
Dongan Holding Group said Friday that it had halted business at two Porsche dealerships in Zhengzhou and Guiyang, as well as a Volkswagen store in Zhengzhou.
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