In a letter sent by Chinese dealerships to BMW earlier this week and reviewed by The Wall Street Journal, dealers pressed BMW to set more realistic sales targets, lower wholesale prices and extend grace periods…
BMW has agreed to pay 5.1 billion yuan ($820 million) to China auto dealers who pressured BMW to share the cost of overstocked showrooms in the world’s largest car market. BMW declined to provide details…
Some of BMW’s dealers in China are asking the Bavarians to reduce their sales targets due to China’s slowing economic growth and an anti-corruption crackdown on government officials. The relationship between the two partners is…
Just a few months, we reported that the Chinese premium automotive sales are starting to slow down. Today, Wall Street Journal reports that some of BMW AG ’s dealers in China are asking the Bavarians…
BMW says three additional car models will be built in China, including a new compact. BMW confirmed plans to expand the capacity of its two manufacturing plants in China. “We are strengthening our focus on…
BMW predicts China will become the world’s largest market for electric vehicles aided by the Chinese government’s investments in charging infrastructure and greener cars. Karsten Engel, Head of BMW China, says that by 2019, the…
BMW continues its sales growth in China. In June 2011, BMW said that sales in China rose 41 percent, or 21, 158 vehicles. BMW also said the company sold 121,614 cars in China in the…
The BMW Group is planning further expansion of its activities in China in the future. “BMW Group vehicles are very popular in China. We anticipate that this growth will continue in the future. Therefore, together…
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