Luxury carmaker suffers 7% drop in sales in vital China market partly due to slowdown in economy, but European sales surge 28%Jaguar Land Rover is cutting prices in China after being hit by sliding sales in the world’s biggest car market.
Demand for the British-designed luxury sedans and four-wheel-drives has slumped during a slowdown in the Chinese economy and continued campaign against corruption that is deterring some Chinese from making extravagant purchases.
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Source: theguardian.com