{"componentChunkName":"component---src-templates-blog-post-js","path":"/blog/europe-auto-and-parts-sector-gains-from-china-steps-to-boost-car-sales/","result":{"data":{"site":{"siteMetadata":{"title":"No Frills News"}},"contentfulNfnPost":{"postTitle":"Europe auto and parts sector gains from China steps to boost car sales","slug":"europe-auto-and-parts-sector-gains-from-china-steps-to-boost-car-sales","createdLocal":"2023-07-22 14:31:04.602279","publishDate":"2023-07-21 07:52:50-04:00","feedName":"Autonomous Vehicle News","sourceUrl":{"sourceUrl":"https://europe.autonews.com/automakers/chinas-steps-boost-car-sales-are-lifting-european-stocks"},"postSummary":{"childMarkdownRemark":{"html":"<p>LONDON -- Europe's automobile and parts sector SXAP rose on Friday after China unveiled steps to boost car sales, as it tries to shore up a sluggish economy, while Volvo Cars results also supported the sector.\nThe STOXX 600 car and parts index rose 0.36 percent and was set for a modest weekly gain of 0.2 percent.\nChinese authorities announced measures aimed at boosting sales of automobiles and electronics, but those steps fell short of impressing investors, who have been clamouring for stronger stimulus.\nSweden-based automaker Volvo Cars, majority-owned by China's Geely Holding, gained the most after the automaker forecast healthy demand for its vehicles despite pricing pressures.\nRenault rose 1.6 percent.</p>"}}}},"pageContext":{"slug":"europe-auto-and-parts-sector-gains-from-china-steps-to-boost-car-sales"}}}