韩国三级视频-日韩操-视频一二区-久草欧美-五月天婷婷丁香花-动漫美女靠逼-韩国一区二区三区视频-美女扒开内裤让男人桶-亚洲AV无码精品一区二区三区-无码内射中文字幕岛国片-亚洲成色网

BMW to raise prices in China due to trade tensions fallout

Source: Xinhua| 2018-07-10 12:51:50|Editor: mmm
Video PlayerClose

BERLIN, July 9 (Xinhua) -- BMW will be forced to raise the prices of its vehicles sold in China due to higher import tariffs, the German luxury carmaker announced on Monday.

"BMW China will not be able to completely absorb the higher tariffs for cars imported from the U.S.," a spokesperson of the DAX-listed company told the press in Munich.

"At the moment we are calculating necessary price increases in this context," the official added.

Trade tensions between the United States and China, the world's top two economies, have escalated since Friday, when the United States began imposing a 25-percent additional tariff on Chinese products worth 34 billion U.S. dollars.

China was forced to retaliate. Its customs authority announcing that additional tariffs for some imports from the United States worth the same amount, including agricultural products, vehicles and aquatic products, took effect on the same day.

BMW operates its largest car assembly line in Spartanburg in the U.S. state of South Carolina, from where it has traditionally exported the SUV models X3 and X6 to China and other destinations across the world.

In May, the German company opened a new factory in Shenyang, China. The factory has already taken over the production of the X3 for the Chinese market from the Spartanburg site in a first major supply-chain shift at BMW in reaction to the trade war launched by the U.S. administration.

BMW is not the first German carmaker for whom the implementation of Trump's "America First" doctrine has begun to create financial and logistical issues. In June, Stuttgart-based Daimler lowered its earnings forecast for 2018 as a result of the escalating trade frictions.

In a statement to investors, Daimler emphasized that it would not be able to fully offset the effects of the spiralling trade confrontation through the reallocation of vehicles to other markets. The SUV assembly line operated by Daimler's flagship brand Mercedes-Benz in Vance, Alabama, in particular was likely to be hit as sales in the important Chinese market fell.

Volkswagen and BMW retained their leading positions in the global automotive industry during the first quarter of 2018, according to a study by the accounting firm Ernst & Young. Wolfsburg-based Volkswagen topped the international list in terms of total sales and revenue, while BMW achieved the first place for profitability.

According to the study, buoyant business in China was once again a key driver of growth for the German carmakers.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001373141441
主站蜘蛛池模板: 海兴县| 保靖县| 宜川县| 江津市| 芷江| 安福县| 广昌县| 密云县| 咸丰县| 湄潭县| 时尚| 江门市| 开江县| 洛阳市| 堆龙德庆县| 搜索| 亳州市| 绥芬河市| 清徐县| 廊坊市| 陵川县| 灵山县| 泾川县| 潜山县| 榆社县| 万载县| 郸城县| 沁源县| 靖远县| 五华县| 久治县| 蒙山县| 松潘县| 蒲城县| 昌黎县| 海口市| 渭南市| 依安县| 敦化市| 广丰县| 温宿县|