BMW sales in Brazil drop 30% because of tax rise; factory investment on hold

Tuesday, April 24th 2012 - 06:16 UTC

Full article 3 comments

Bayerische Motoren Werke AG (BMW), the world’s largest luxury automaker, posted a 30% drop in first-quarter sales in Brazil due to a tax rise for imported cars, said Henning Dornbusch, the company’s country head. Read full article

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GeoffWard2
I may be wrong, but didn't BMW negotiate the development of a BMW production-line in SP, along with a deal on the import taxations until the SP factory came on-stream?

Maybe I dreamt it ...... senior moments..
Apr 24th, 2012 - 10:29 am - Link - Report abuse 0
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B.Free
Maybe BMW should try building cars that the people need. This continued global reliance on oil based fuel needs to end.
Apr 24th, 2012 - 07:09 pm - Link - Report abuse 0
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MurkyThink
Bad managed company should did buy Skoda instead of Rover.
Apr 24th, 2012 - 09:02 pm - Link - Report abuse 0
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