BMW, Mercedes-Benz lower costs in China after VAT drop

BMW M550i at Detroit Auto Show

BMW AG and Mercedes-Benz stated on Saturday they are going to reduce their prices in China, following the government declaration it will decrease the country‚Äôs value-added tax (VAT) beginning on April 1. The German automakers each published posts on Chinese social media announcing immediate cost cuts for several models. The discounts come as China endures […]

BMW November sales increased by 5.9 percent

BMW logo

Daimler’s Mercedes-Benz is on track to surpass competing BMW to grab the title of the world’s most significant high-end automaker, sales figures for November provided on Monday revealed. November sales of BMW high-end cars increased by 5.9 percent to 177,740 taking year-to-date sales to 1,824,490. By contrast Mercedes-Benz passenger car sales increased by 12.7 percent […]