Search This Blog

Showing posts with label Car sales growth. Show all posts
Showing posts with label Car sales growth. Show all posts

January 07, 2015

BMW's China dealers say company agrees to pay $820 million subsidy

(Reuters) - BMW (BMWG.DE) will pay 5.1 billion yuan ($820 million) to auto dealers in China who pressured the world's top luxury carmaker to share the cost of overstocked showrooms, BMW's main Chinese dealership group said on Monday.