As China market shrinks for second year, automakers plan retreat

Ford lays off staff, while PSA seeks to exit joint venture

20200113N Changan Ford

Changan Ford Automobile is laying off workers after sales dropped by half in 2019. (Photo by Takashi Kawakami)

SHUNSUKE TABETA, Nikkei staff writer

BEIJING -- New-auto sales in China fell for a second straight year in 2019, showing the impact of an economic slowdown that has forced automakers to scale back operations in the world's biggest market.

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