BMW company compensates its dealers in China 5.1 billion yuan due to lack of demand for automobiles Bavarian brand. This is a record payment of the German automaker to support partners in China.
Number of auto BMW in China more than 440 points. For the period January-November 2014 the Germans set in China about 415 thousand cars, but it still does not allow dealers to provide their own financial independence. Thus, according to Reuters, the company subsidizes its Chinese dealers in 2012 and 2013 for the entire amount of subsidies amounted to 3 billion yuan, said Slon.
According to the representative of the Chinese Association of car dealers Song Tao, a new grant will be paid by the end of February 2015. At the moment, the Chinese and the Germans have not yet agreed on a tentative sales volumes for 2015.
Earlier, it was reported that that Audi has increased the volume of investments in the development of up to 24 billion euros over the next five years. The company hopes to get ahead of BMW in the segment of premium cars in 2020. At the same time in Ingolstadt aimed primarily at increasing sales in North America, where BMW is the leader among luxury cars.