Automakers

BMW CEO Zipse: EU vote in favor of high China EV tariffs is a 'fatal signal'

BMW CEO Oliver Zipse Beijing show 2024 Arc 2024
BMW CEO Oliver Zipse: "What is needed now is a quick settlement between the EU Commission and China to prevent a trade conflict from which no one gains." (BLOOMBERG)
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By:
Staff and wire reports
October 04, 2024 02:38 PM

BMW CEO Oliver Zipse said the European Union’s vote Oct. 4 to impose tariffs as high as 45 percent on electric vehicles from China is "a fatal signal for the European automotive industry" and called for a quick, negotiated settlement.

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