三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

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: 在线观看亚洲专区 | 牛牛a级毛片在线播放 | www国产精品com | 久久久久国产一级毛片高清板 | 国产精品福利在线观看免费不卡 | 日韩欧美国产偷亚洲清高 | 玖玖在线免费视频 | 动漫男女交性动漫网站 | 伊人久久综合 | 九九热线有精品视频99 | 国产欧美日韩精品a在线观看高清 | 国产免费高清 | 国产视频一二三区 | 亚洲一欧洲中文字幕在线 | 亚洲精品成人久久 | 中国一级片免费看 | 国产午夜精品久久久久免费视 | 久久国产精品自在自线 | 日韩国产欧美一区二区三区在线 | 成人性生交大片免费看午夜a | 精品一久久香蕉国产二月 | 亚洲v欧美 | 国产麻豆剧传媒精品国产免费 | 一级毛片私人影院 | 一级成人a毛片免费播放 | 亚洲国产剧情 | 亚洲巨乳自拍在线视频 | 青青草国产免费久久久91 | 刺激花蒂抽搐视频在线看 | 久久亚洲综合中文字幕 | 日韩在线观看中文字幕 | 国内视频在线 | 国产黄色三级三级三级 | 91久久国产综合精品女同国语 | 网站免费黄 | 毛片a区| 国产精品无码专区在线观看 | 精品无码久久久久国产 | 国产大学生一级毛片绿象 | 精品在线免费视频 | 免费精品久久久视频 |