BEIJING — Guangzhou Car Group Co. is placing brakes on its plan to grow to be the primary producer to begin promoting Chinese language-branded automobiles within the U.S., citing the commerce dispute between the world’s two largest economies.
GAC Motor, as the corporate is thought, had a objective to promote automobiles in America in early 2020 however is now suspending that concentrate on as tariffs threaten to make the importing of automobiles from China dearer. The corporate cited “the escalation of China-U.S. commerce frictions” and distribution “uncertainties” in a press release on Wednesday.
The corporate introduced a number of years in the past it meant to grow to be the primary Chinese language carmaker to crack the U.S. market, and has been engaged on product modifications to attraction to American tastes.
On the Detroit auto show in January 2018, GAC stated it could start promoting a seven-seat utility, referred to as the GS8, within the U.S. in 2019. Two months later, GAC solicited sellers on the Nationwide Car Sellers Affiliation conference.