China

China slashes auto import tariffs in boost to BMW

China slashes auto import tariffs in boost to BMW

China will cut import tariffs for automobiles and car parts, opening up greater access to the world’s largest auto market. Import tariffs will be cut to 15 percent from 25 percent for most vehicles from…

Second EV Planned by MINI, Solely for Chinese Market

Second EV Planned by MINI, Solely for Chinese Market

MINI made the news a while back when the British company announced plans to join forces with a local Chinese partner, Great Wall. While some might’ve been taken aback by this move, since parent company…

USA-China Trade War Would Hit BMW More than US Car Makers

BMW X3 Chinese Production to Kick Off This Year

BMW X3 Chinese Production to Kick Off This Year

The high demand for the new BMW X3 convinced BMW to start production of the SUV in China, starting this summer. The news came from the company’s CEO, Harald Kruger, during the company’s yearly report,…

BMW Group declined offer from Mercedes investor Li Shufu

  Before Li Shufu rose to become the largest single shareholder at Mercedes-Benz through the acquisition of almost 10 percent of Daimler’s shares, the billionaire was apparently also in talks with the BMW Group. As…

BMW Determined to Claim Number One Spot in China

BMW Determined to Claim Number One Spot in China

The title of the world’s largest car market no longer belongs to the US. China’s booming economy managed to translate into considerably higher living standards for its citizens and, since it has over 1 billion…