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China’s Geely Auto first-half profit tumbled 40 per cent amid sustained downturn

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Geely Automobile Holdings Ltd, China's highest profile automaker due to its investments in Volvo and Daimler, saw its net profit tumble 40 per cent in the first half of the year amid a sustained downturn in the world’s largest vehicle market.

The company recorded a net profit of 4.01 billion yuan, down from the 6.67 billion yuan a year earlier, according to its filing to the stock exchange in Hong Kong. That's compared to a . . .

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