China's auto dealers urge automakers to pay cashbacks within 30 days

Reuters
06-23
China's auto dealers urge automakers to pay cashbacks within 30 days

BEIJING, June 23 (Reuters) - Chinese auto dealers on Monday urged automakers to pay cashback incentives within 30 days to help to alleviate their financial pressures.

The China Auto Dealers Chamber of Commerce called for quicker payment after it conducted a survey that found it could take as long as 180 days for dealerships to receive the cashbacks.

(Reporting by Qiaoyi Li and Brenda GohEditing by David Goodman)

((qiaoyi.li@thomsonreuters.com;))

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