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Chinese automakers face brutal shakeout as home sales plunge

Original: Chinese cars are turning heads around the world, but plunging sales at home have state-backed automakers heading for a b

Chinese cars are winning attention in global markets, but sales at home are falling sharply, putting state-backed automakers on course for a brutal consolidation. The Wall Street Journal reports the industry is heading for a shakeout as intense competition and weak domestic demand squeeze manufacturers, raising questions about how many carmakers can survive the downturn.

Why now: Plunging domestic sales and warnings of industry consolidation are drawing attention to the future of China's state-backed carmakers.

ChinaChinese state-backed automakersWall Street Journal

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• Chinese cars are turning heads around the world, but plunging sales at home have state-backed automakers heading for a brutal shakeout. · WSJ · 4

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