www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Auto China

BMW to pay $820m to support China car dealers

(Agencies) Updated: 2015-01-06 07:04

BMW to pay $820m to support China car dealers

A BMW 316i Sport Line sedan is pictured at the 16th Chengdu Motor Show, Aug 30, 2013. [Hao Yan / chinadaily.com.cn]

Bayerische Motoren Werke AG has agreed to pay 5.1 billion yuan ($820 million) to its distributors in China to help cover their losses after retailers stopped ordering cars from the German auto manufacturer, a dealer's group said.

The subsidies are the largest by an automaker to its retailers in China and will be paid by the end of February, said Song Tao, a deputy secretary-general of the China Automobile Dealers Association, which represented the BMW distributors in the negotiations. The dealers are still in talks with the Munich-based carmaker over this year's sales targets, he said.

Auto dealers have complained of meeting unrealistic sales projections in order to qualify for year-end bonuses as foreign automakers expand their manufacturing capacity and number of distributors to chase market share.

The BMW payout may increase pressure on other automakers to extend similar support to their retailers, including Toyota Motor Corp, whose dealers are threatening to quit the sales network of its Chinese ventures because of mounting losses.

"This is an unusual move by an automaker to give funding of such a big scale," said Han Weiqi, an analyst with CSC International Holdings Ltd. "But in the long term, a smooth relationship with dealers is in carmakers' best interests and they have to meet dealers half way."

BMW shares fell as much as 2.8 percent to 85.56 euros ($101.8) and were down 2.1 percent in Frankfurt trading, valuing the company at 55.4 billion euros.

Slowing sales growth means a "new normal" is emerging in the country's auto market, BMW said in an e-mailed statement. The carmaker and dealer group "reached consensus on the structure of optimized business measures and financial allocation for the dealers", according to the e-mail.

The German automaker delivered 415,200 vehicles in China in the first 11 months of 2014, operating through a network of more than 440 BMW sales outlets and 100 Mini stores. BMW plans to help its dealers expand activities beyond selling new cars, including financial services and used car sales.

The additional activities offer "large potential" for BMW and its dealers, said the automaker, which will double the number of locally produced cars to six models in the next few years.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产原创系列在线 | 波野多结衣在线观看 | 国产精品一级片 | 91精品一区二区综合在线 | 7777在线| 色女生影院 | 亚洲欧美精品一区二区 | 国产在线精品一区二区高清不卡 | 国产小片 | 亚洲一区二区三区视频 | 亚洲小视频在线播放 | 特级aaa片毛片免费观看 | 自拍一区在线观看 | 亚州人成网在线播放 | 国产激情一区二区三区在线观看 | 99久久精品免费看国产免费 | 成人男女视频 | 美女黄页网 | 亚洲国产成+人+综合 | hd欧美xxx欧美极品hd | 亚洲国产成人久久一区www | 欧美亚洲综合另类在线观看 | 国产高清精品自在久久 | 欧美日本韩国一区 | 欧美毛片a级毛片免费观 | 91久久福利国产成人精品 | 久久精品免费观看久久 | 亚洲欧美一级视频 | 国产精品国产自线在线观看 | 国产91香蕉| 情侣偷偷看的羞羞视频网站 | 国产一级毛片夜一级毛片 | 欧美日韩亚洲综合另类ac | 久久精品大片 | 国产成人综合网亚洲欧美在线 | 波多野结衣视频免费 | 免费欧洲毛片a级视频无风险 | 看色网站 | 国产成在线观看免费视频 | 亚洲精品国产一区二区 | 国产成人高清一区二区私人 |