GAC Group's Sales, Output Slip in August
MT Newswires Live09-04 18:57
Guangzhou Automobile Group (SHA:601238, HKG:2238) or GAC logged vehicle sales of 126,584 units in August, down 6.7% from a year prior.
Production for the month declined 1.2% year over year to 126,727 units, according to a Friday filing with the Hong Kong bourse.
For the first eight months of 2026, sales rose 0.2% and production contracted 3% to a little over 1 million vehicles each.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.