HONG KONG: Brillance China issues profits warning
Brilliance China Automotive Holdings has issued a profits warning, saying in a statement that it expects the consolidated results of the group for the year ended 31 December "will be materially adversely affected principally by an operating loss of Zhonghua sedan and a possible provision for impairment of intangible assets, resulting from the general production overcapacity and intensified price competition of the [Chinese] automobile industry during the year".
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable