BMW cutting production, prices in China as market slows

April 20, 2015 05:00 AM

SHANGHAI (Bloomberg) -- BMW Group has reduced some prices and will cut production in China to placate dealers, a sign that luxury demand in the world's largest auto market is softening.

Featured Stories

Ford cutting hundreds of connected-vehicle software jobs

The cuts amount to roughly 5% of the automaker’s connected-vehicle software team, which is under the purview of Doug Field, Ford’s chief EV, digital and design officer.

Michael Martinez

Ford cutting hundreds of connected-vehicle software jobs

Nissan to shut more factories, double planned job cuts after $4.5B net loss

Nissan to shut more factories, double planned job cuts after $4.5B net loss

Honda forecasts tariffs will hit profits hard, postpones Canada EV investment

Honda forecasts tariffs will hit profits hard, postpones Canada EV investment

Automakers, dealers in ZEV states brace for next big mandate

Larry P. Vellequette

Automakers, dealers in ZEV states brace for next big mandate

Latest News

New agreement lets Volkswagen Financial Services focus on leasing while Wells Fargo takes lead on financing

Daily 5 report for May 13: Trump tariffs prompt Nissan, Japanese rivals to discuss cooperation on more U.S. production

Cars Commerce finds tariffs are boosting interest in its used-car services

Santander and Stellantis will let their partnership expire at the end of 2025

Staying current is easy with newsletters delivered straight to your inbox.

See More in Newsletters

Register for the Automotive News Congress, Sept. 10-11, in Detroit

Register for the Automotive News Europe Congress, June 11-12, in Turin

Guest commentary: For Akio Toyoda’s sake, he must listen to Toyota’s dissatisfied shareholders and reform strategy

Top 5 stories of the week: Women in auto; Birchwood’s latest buy; GM improves profit; more

Staying current is easy with newsletters delivered straight to your inbox.