Automakers paying Chinese dealers for lower-than-expected sales

Audi Forums Editor · 2015-01-10 22:38:06

Filed under: Earnings/Financials (http://www.autoblog.com/category/earnings-financials/), Audi (http://www.autoblog.com/audi/), BMW (http://www.autoblog.com/bmw/), Porsche (http://www.autoblog.com/porsche/), Toyota (http://www.autoblog.com/toyota/), Car Dealers (http://www.autoblog.com/category/car-dealers/), China (http://www.autoblog.com/category/china/), Luxury (http://www.autoblog.com/category/luxury/) Reuters reports that BMW has agreed to pay its Chinese dealers 5.1 billion yuan ($820 million) to help them overcome huge inventories and poor profits last year. Audi and Daimler have are also subsidizing Chinese dealers with hundreds of millions of dollars as the local auto market slows down.Continue reading Automakers paying Chinese dealers for lower-than-expected sales (http://www.autoblog.com/2015/01/10/automakers-paying-chinese-dealers-lower-than-expected-sales/) Automakers paying Chinese dealers for lower-than-expected sales (http://www.autoblog.com/2015/01/10/automakers-paying-chinese-dealers-lower-than-expected-sales/) originally appeared on Autoblog (http://www.autoblog.com) on Sat, 10 Jan 2015 17:31:00 EST. Please see our terms for use of feeds (https://www.audiforums.com/rss-term-of-use/). Permalink (http://www.autoblog.com/2015/01/10/automakers-paying-chinese-dealers-lower-than-expected-sales/) | Email this (http://www.autoblog.com/forward/21127035/) | Comments (http://www.autoblog.com/2015/01/10/automakers-paying-chinese-dealers-lower-than-expected-sales/#comments) More... (http://www.autoblog.com/2015/01/10/automakers-paying-chinese-dealers-lower-than-expected-sales/)

Reply Subscribe

Thread Tools

Search this Thread

Jan 10, 2015 | 05:38 PM

Audi Forums Editor

Thread Starter

IB Staff

Joined: May 2011

Posts: 1,804

Automakers paying Chinese dealers for lower-than-expected sales

Filed under: Earnings/Financials, Audi, BMW, Porsche, Toyota, Car Dealers, China, Luxury

Reuters reports that BMW has agreed to pay its Chinese dealers 5.1 billion yuan ($820 million) to help them overcome huge inventories and poor profits last year. Audi and Daimler have are also subsidizing Chinese dealers with hundreds of millions of dollars as the local auto market slows down.Continue reading Automakers paying Chinese dealers for lower-than-expected sales

Automakers paying Chinese dealers for lower-than-expected sales originally appeared on Autoblog on Sat, 10 Jan 2015 17:31:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

More...