BMW sees demand declining further after Q1 sales plunge as coronavirus spreads

BMW 6 Series Coupe

BMW is expecting more decline in global demand as the coronavirus outbreak continues to spread, spokesman said after the German carmaker reported a 20.6% decline in first quarter sales to 477,111 vehicles. BMW stated it had seen sales growth at the beginning of the year. Since then, the pandemic has pushed some companies, including automakers, to stop production […]

BMW’s China electric car export plans on hold due to uncertainty

BMW i Vision Dynamics concept car

BMW’s ambitions to establish China as a center for exporting electric vehicles are currently on hold because of uncertainty over potential trade tariffs between China and the United States, company executives informed Reuters. BMW has factories in Europe, China and the United States and prepares to establish China, the world’s largest auto market, as an […]