Audi dealers oppose SAIC production, sales plan

Audi AG's dealers in China on Thursday expressed a new wave of opposition to the German carmaker's intention to produce and sell cars with SAIC Motor Corp Ltd, worrying that a new dealer network would worsen their already heavy losses.

The dealers claimed they lost 28 billion yuan ($4.08 billion) from 2014 to 2016 as Audi's ambitious estimates failed to materialize.

That was according to the new Audi dealers association, which was set up on Thursday in Sanya, Hainan province.