How did BMW, whose Spartanburg, S.C., plant has been acclaimed as a symbol of America's resurgence as an auto manufacturer and exporter, become a symbol of the threat to America's manufacturing base instead? BMW is wondering the same thing.
Automakers rushing to embrace car-sharing, in which sedans and crossovers are more of a service than a product, are getting feedback of all types: buggy apps that crash or time out, dirty cars that smell like smoke, and vehicles that don't unlock when the driver arrives.
BMW stands to become the first foreign automaker to own a majority stake in a Chinese joint venture, showing Beijing is following through on a pledge to increasingly open up the economy to global corporations.
Plans by China's CATL to build a battery cell factory in Germany should serve as a wake-up call for the national car industry, industry watchers say, as a lack of its own production capacity risks leaving it exposed in a dawning era of electric mobility.
The challenges facing German carmakers just got stiffer with Friday's start of a much steeper import tariff on U.S. car exports to China. The tit-for-tat trade move will hurt BMW and Daimler the most.