FRANKFURT—Auto suppliers Johnson Electric Holdings and Sensirion slashed their earnings forecasts on July 11, blaming a slowdown in car sales and pessimism about the prospects of a Chinese car sector recovery.
The news is the latest to signal weaker global industrial activity and ripples from a trade war that has already forced China’s Geely, Swiss engineering company ABB, Germany’s Aumann and chemicals giant BASF to warn of turbulence ahead.
