BMW to Export Cars to China to Meet Demand, FT Deutschland Says
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Bayerische Motoren Werke AG plans to export 10,000 additional 3-Series vehicles from its Munich plant to China this year to meet growing demand, Financial Times Deutschland reported, citing BMW personnel chief Harald Krueger.
BMW is exporting the vehicles to China, which are subject to an import tax of 25 percent, because production capacity in the country can’t keep up with demand, the newspaper said.