Honda Motor Co.'s China sales slumped 15 percent year on year to 99,263 vehicles in May, as an engine problem dampened demand for the CR-V compact crossover. Last month, sales of the CR-V, normally ...
SHANGHAI -- PSA Peugeot Citroen needs more drastic cost cuts and new crossover and SUV models to reverse a slump in sales in China, CEO Carlos Tavares said. PSA must find "a new business model" and ...