China may cut light-vehicle import duty by nearly half, report says
China is mulling proposals to cut import duties on passenger cars by about half, Bloomberg reported, citing people with direct knowledge of the matter, a move that's set to give a lift to luxury brands such as BMW and Lexus.
Hyundai's Q1 profit halves on bleak U.S., China sales
Hyundai's first-quarter net profit halved as bleak U.S. and China sales, a strong South Korean currency and labor union strikes dragged on the automaker's earnings.
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