{"id":17770,"date":"2018-10-09T15:22:41","date_gmt":"2018-10-09T15:22:41","guid":{"rendered":"http:\/\/qatar-news.org\/qatarnewsEn\/?p=17770"},"modified":"2018-10-09T15:22:41","modified_gmt":"2018-10-09T15:22:41","slug":"china-is-buying-fewer-cars-gm-and-vw-are-feeling-the-pain","status":"publish","type":"post","link":"https:\/\/qatar-news.org\/qatarnewsEn\/?p=17770","title":{"rendered":"China is buying fewer cars. GM and VW are feeling the pain"},"content":{"rendered":"<p class=\"zn-body__paragraph speakable\"><cite class=\"el-editorial-source\">Hong Kong (CNN Business)<\/cite>Sales in the world&#8217;s biggest auto market are falling, causing big problems for top global brands that have come to rely on it for much of their growth.<\/p>\n<div class=\"zn-body__paragraph speakable\">China has been a source of <a href=\"https:\/\/money.cnn.com\/2018\/04\/10\/news\/economy\/china-cars-tariffs\/index.html\">blockbuster sales<\/a> for major carmakers for years, as rapid economic growth gave millions of consumers the cash to spend on middle-class status symbols. For the likes of General Motors (<a href=\"https:\/\/money.cnn.com\/quote\/quote.html?symb=GM\">GM<\/a>) and Volkswagen (<a href=\"https:\/\/money.cnn.com\/quote\/quote.html?symb=VLKAF\">VLKAF<\/a>), China brings in more revenue than the United States or Europe. <\/div>\n<div class=\"zn-body__paragraph speakable\">But those companies are now facing difficulties. The Chinese market has gotten a lot tougher this year as the wider economy has lost momentum and <a href=\"https:\/\/money.cnn.com\/2018\/06\/20\/investing\/daimler-profit-us-china-trade\/index.html\">a trade war with the United States has ramped up<\/a>.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hong Kong (CNN Business)Sales in the world&#8217;s biggest auto market are falling, causing big problems for top global brands that have come to rely on it for much of their growth.China has been a source of blockbuster sales for major carmakers for years, as rapid economic growth gave millions of consumers the cash to spend&hellip;<\/p>\n","protected":false},"author":10,"featured_media":17771,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-17770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world_news"],"_links":{"self":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/17770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17770"}],"version-history":[{"count":0,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/17770\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/media\/17771"}],"wp:attachment":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}