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Filed under: Earnings/Financials, Audi, BMW, Porsche, Toyota, Car Dealers, China, Luxury
Reuters reports that BMW has agreed to pay its Chinese dealers 5.1 billion yuan ($820 million) to help them overcome huge inventories and poor profits last year. Audi and Daimler have are also subsidizing Chinese dealers with hundreds of millions of dollars as the local auto market slows down.Continue reading Automakers paying Chinese dealers for lower-than-expected sales
Automakers paying Chinese dealers for lower-than-expected sales originally appeared on Autoblog on Sat, 10 Jan 2015 17:31:00 EST. Please see our terms for use of feeds.
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