BMW, Daimler caught in crossfire of US-China trade row
Updated : April 07, 2018 03:17 PM IST
German carmakers BMW and Daimler are under increasing pressure to diversify production of their sports utility vehicles
Beijing's proposed 25% tax on US car factory exports which will soon hit nearly 270,000 vehicles, with German carmakers accounting for $7 billion of the $11 billion total.
But any switch from one factory to another costs millions of euros, takes months to implement, and is taken with a long-term view, BMW board member Peter Schwarzenbauer said last month.
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