With its growing appetite for gas-guzzlers SUVs, the mainland presents opportunity for ailing carmaker. FMTNews AstonMartin
BEIJING: British carmaker Aston Martin unveiled its first-ever sports utility vehicle Wednesday at events in Beijing and Los Angeles, signalling it was banking on China’s growing appetite for luxury to prop up sales.
But with its growing appetite for gas-guzzling SUVs, China presents an opportunity for the ailing carmaker, which has been hit by Brexit woes and slowing demand in Europe. In that period, SUVs more than doubled their global market share from 17% to 39%, with a contribution to annual emissions rising to more than 700 megatonnes of Co2, the agency said.
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