Geely Automobile Holdings said it is bracing for what will probably be one of its toughest years yet as the coronavirus pandemic ramps up pressure on China's already weak auto market. The Chinese car maker gave the warnings at it posted a sharp decline in 2019 net profit on Monday. Geely's net profit for 2019 plunged 35% to 8.19 billion yuan (US$1.15 billion), hit by a greater-than-expected drop in overall sales volume and fierce competition that weighed on prices, it said.
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