BMW's ambitions to establish China as a hub for exporting electric cars are...
GENEVA - BMW’s ambitions to establish China as a hub for exporting electric cars are in limbo because of uncertainty over potential trade tariffs between China and the United States, company executives told Reuters.
But Washington and Beijing are locked in a trade dispute, with U.S. President Donald Trump threatening to increase tariffs to 25 percent from 10 percent on $200 billion of Chinese goods if the two sides can’t reach a deal. BMW bought a majority stake in its Chinese joint venture partner Brilliance last year and announced plans to build an electric version of its X3 sport-utility vehicle at the venture’s plant in China.
Whether an electric Mini could be exported from China is an open question, Peter Schwarzenbauer, BMW’s board member responsible for Mini told Reuters in an interview.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pompeo: US to make sure China can't blockade South China SeaMANILA, Philippines (AP) — U.S. Secretary of State Mike Pompeo says the United States is committed to ensuring the South China Sea remains open to all kinds of navigation and that 'China does not...
Read more »
BMW wants clear guidance from Mexico government for investment plansGerman carmaker BMW, which is building its first plant in Mexico, is looking for...
Read more »
EU to issue formal complaints to carmakers over emissions collusion: HandelsblattThe European anti-trust watchdog plans to send formal complaints to BMW, Daimler...
Read more »
Daimler, BMW autonomous alliance seeks to define self-driving rulesDaimler and BMW are teaming up to develop autonomous driving technology to cut c...
Read more »
No-deal Brexit could prompt BMW to consider moving Mini production out of UK: Sky NewsWATCH: No-deal Brexit could prompt BMW to consider moving Mini production out of the UK via ReutersTV
Read more »
BMW says Mini output will still be disrupted if Brexit delayedProduction of BMW's Mini will still be disrupted if there is a delay to Bre...
Read more »
A new $2 million all-electric 'hypercar' accelerates faster than an F-16 jetThe Pininfarina Battista has ten times the power of a 5-series BMW.
Read more »
Review: BMW packs the X5 SUV with impressive high-tech options and signature engineWe sampled a 2019 X5 xDrive40i, the basic configuration of the X5 which features a 3.0-liter inline-six engine with 335 horsepower mated to an all-wheel-drive system for $72,530.
Read more »
BMW and Daimler team up on cars of the future to fend off Silicon ValleyHigh development costs and threats from Silicon Valley have pushed rival German carmakers BMW and Daimler to cooperate on driverless technology.
Read more »
China plans to send a rover to explore Mars next yearCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Read more »
China plans to cut highest VAT rate by 3 percent points: Bloomberg, citing unnamed sourceChina plans to cut the value-added tax (VAT) rate that covers the manufacturing ...
Read more »