BMW CEO Emphasizes Interest in China in Half-Year Speech
%%excerpt%% BMW CEO, Harald Kruger highlights the growing importance China will play in the company's future plans, possibly hinting at US slowdown.
%%excerpt%% BMW CEO, Harald Kruger highlights the growing importance China will play in the company's future plans, possibly hinting at US slowdown.
Today, BMW said it will raise the prices of the X5 and X6 models made for China to cope with the additional cost of tariffs on U.S. car import.
The proposed Chinese 25 percent tariff on imported U.S.-made models could force the German automaker to raise prices on its SUVs built in Spartanburg.
At the CES Asia 2018, BMW China and Baidu announced the signing of an agreement between BMW Connected and Baidu Internet of Vehicles on a home-to-vehicle cooperation.
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China will cut import tariffs for automobiles and car parts, opening up greater access to the world’s largest auto market
On May 14th 2018, BMW Group officially obtained the Shanghai Intelligent Connected Autonomous Driving Test License, issued by the Intelligent Connected Vehicle Road Test Promotion Team.
MINI is reportedly planning a second all-electric model but this one will be manufactured and sold exclusively in China.
It seems like the BMW iX3 will be built in China, according to the latest info coming in from the company's CEO, Harald Kruger.
The USA-China trade war that is looming will surely impact German manufacturers like BMW and Mercedes-Benz more than it will US-based car makers.
The current BMW X3 will enter production in China this year, following the high demand coming in from the Chinese customers.
Before Li Shufu rose to become the largest single shareholder at Mercedes-Benz through the acquisition of almost 10 percent of Daimler's shares