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China: BMW to support loss-making dealers with $820 million

2015-01-05 12:04:47| Automakers - Topix.net

Bayerische Motoren Werke AG, the world's largest premium automaker, has decided to levy 5.1 billion yuan to help its Chinese sales network recover some of the losses. The news comes from the China Automobile Dealers Association, the country's largest dealer group and a representative for the local distributors of BMW cars, with the automaker agreeing to pay the retailers after the latter stopped ordering cars from the company.

Tags: support china million bmw

Category:Automotive

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