Volkswagen recently chose Beijing to launch a new model: the third generation of the Touareg. Boasting state-of-the-art connectivity and a fascinating fusion of assists, comfort features and infotainment systems.
Economists have warned that BMW and Daimler could be among the main victims of trade tensions between the US and China, should the Asian nation really double its tariffs on car imports from the United States.
German premium carmaker BMW has announced that new stricter EU emissions tests for cars as well as global trade tensions would leave revenues and profits short of its full-year forecast.
The market for electric cars and hybrids grew by 37 percent in 2016. BMW has made e-car production a priority, and now enjoys a market share of 7 percent, behind Tesla and market leader BYD from China.
The scandal-hit German carmaker will stop selling diesel vehicles in the US and refocus on sport utility and electric vehicles, as it looks to reboot strategy for its core brand in the Americas.
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