Chinese carmakers piling pressure on UK rivals, auto industry chief says
LONDON, July 30 : A wave of Chinese entrants into Britain's car market is piling pressure on traditional manufacturers, forcing them to offer deeper discounts to compete with lower-cost imports, the head of the country's main automotive industry body said on Thursday.Chinese brands have rapidly expanded their presence
BMW to cut ‘as many as 8,000 jobs’ under pressure from Chinese rivals
Layoffs will come in admin and development divisions in Germany, with production operations unaffected
BMW is planning to cut as many as 8,000 jobs in Germany, according to reports, in the latest sign of Europe’s largest carmakers reducing costs under pressure from Chinese rivals.
The Munich-headquartered company has s
