GERMANY: BMW to ship 10,000 3s to meet Chinese demand
BMW will ship 10,000 German made additional 3 series cars to China because its local production JV with Brilliance can no longer meet local demand, the carmaker's personnel chief, Harald Krueger, said in an interview.
BMW will ship 10,000 German made additional 3 series cars to China because its local production JV with Brilliance can no longer meet local demand, the carmaker’s personnel chief, Harald Krueger, said in an interview.
BMW will have to pay China’s import tariffs of 25%, Financial Times Deutschland noted.
Growing demand in China is increasing the workload in German and US plants, Krueger added.
Industry watchers have warned, however, that rising dependence on the Chinese market could hurt German carmakers should that market cool. BMW, Volkswagen, Daimler and others have started to count on China’s rising demand.
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