BMW (BMWG.DE) management and labor have reached an agreement on measures to reduce costs that avoids “drastic measures”, the German carmaker said on Wednesday.
The company will begin temporarily manufacturing on BMW assembly lines, which is the parent company of Brilliance, until a new plant is built.
BMW’s efforts to optimize the environmental impact of hybrid cars comes as the auto industry struggles to sell purely electric vehicles.
The Ministry of Finance is about to sign the agreement with the German company, which will get the company to send the list of prices for approval at customs outlets.
Trump’s tweet did not give any further detail about the tariff cuts, such as when the deal had been reached or a new level for the Chinese levies.
German high-end carmaker BMW said Tuesday it would recall more than one million additional diesel cars.
BMW management board member Klaus Froehlich said automakers and large suppliers are beginning to discuss how to agree on one standard for autonomous-vehicle systems.
An increasingly shrill exchange of words between the United States and China that is threatening to trigger a global trade war..
BMW (BMWG.DE) said vehicle sales fell 2.1 percent in May, weighed down by China tariffs, the launch of a new model, and a 13.6 percent drop in German.
Harald Kruger, speaking at the auto show in Beijing, said he preferred a 50-50 joint venture but added the ownership levels had not been decided yet.
A wrap-up of the most prominent business news of the day.
German carmaker BMW (BMWG.DE) will further raise its spending on research and development next year, to 6.5 to 7 percent of sales.
A number of 10 companies are taking part in the mission, the Engineering Export Council said.
EU anti-trust regulators have raided the offices of BMW in Munich, the company said, a fresh blow to the German car industry already hit by the Dieselgate scandal.
German luxury automaker BMW (BMWG.DE) is looking to form a joint venture with Great Wall Motor (2333.HK)
Carmaker BMW (BMWG.DE) plans to build its new 8 series model at its plant in the southern German town of Dingolfing from 2018.
BMW (BMWG.DE) is reviewing the necessity of car keys, Ian Robertson, the company’s board member responsible for sales told Reuters.
Marc Leishman fired eight birdies in a seven-under 64 on Friday to stretch his lead in the BMW Championship to three strokes.
The Egyptian swimmer Mohamed Al Husseiny prepares to enter Guinness World Records to be the first with special abilities “Down Syndrome” to cross the Manch.
A wrap-up for the most prominent news circulated during the day.