foreign automakers doing business in China have to enter Into.
into 50/50 partnerships with local firms. By increasing its stake, BMW is increasing the profits it can pull from its venture. This is also important because in the coming decade, emerging markets will account for 100 percent of incremental auto sales. 70 percent of that will be in China. Furthermore,. Furthermore, BMW China margins Are. are higher than its non China margins. BMW told CNBC it considers Itself.
itself the ultimate driving machine. No Matter. matter the model or drive train, the legendary German brand will ly need to plow those Profits. profits back into its business if it hopes to regain its title of the world’s best selling premium brand.Modernized E90 Bmw M3 Looks Sleek No Huge Kidney Grilles Hereautoevolution.com
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