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Chinese automakers SAIC, Geely turn up heat on global rivals

Reuters  |  SHANGHAI 

By Joseph White and Norihiko ShirouzuSHANGHAI (Reuters) - Global automakers face fresh threats to their profits in China from domestic automakers SAIC and Geely, which are launching new models and marketing strategies to challenge better-known foreign brands in the world's largest car market.The country's biggest automaker, Shanghai Automotive Industry Corp (SAIC), wants to double sales of its fully owned domestic brands this year - albeit from a low base - executives told a group of reporters on Monday."China success is the base of overseas market success," said Zhang Liang, product ...

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First Published: Mon, April 17 2017. 19:36 IST