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…
During the quarterly conference call, BMW CEO Norbert Reithofer said that Chinese booming car market is slowing down as it becomes more mature. “The general market development in China is normalizing,” said Norbert Reithofer during…
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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