China’s Largest Automaker’s Net Profit Plunges 94%; CEO Says They Must “Survive on Their Knees.”

China’s Largest Automaker’s Net Profit Plunges 94%; CEO Says They Must “Survive on Their Knees.”

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SAIC Motor, once China’s largest carmaker, has reported a shocking drop in profits, with net profit plummeting by 93.5%. The company’s latest financial report paints a grim picture.

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