It has gotten so bad that at one Peugeot factory, skilled workers spend their days washing floors or attending Communist Party political study sessions at work. At a Ford plant, workers’ shifts have been reduced to a few days a month, according to employees. Now these auto makers face a painful dilemma: Abandon those big investments, or invest even more to turn around dying plants at an uncertain time in a crucial market. “Looking back, it wasn’t the right choice” to build new factories, said Paul Gong, an auto analyst at UBS Group AG . “No one was willing to predict that they might ever lose market share in China.” Auto Excess China has far more car plants than it needs. *2018 figure is an estimate Source: PwC In a few short decades China zoomed from nowhere to become the world’s biggest vehicle market, with sales often growing by […]