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Bayerische Motoren Werke Aktiengesellschaft (1BMW.MI)
- Zacks
EU Levies Up to 38% Tariffs on China EVs, Trade Tensions Rise
In an escalating trade dispute, the EU imposes up to 38% additional tariffs on Chinese EVs, raising fears of retaliatory tariffs from China.
- Insider Monkey
The Wealthiest Person in Germany
We recently compiled a list of the 30 Wealthiest People in Germany and in this article we will look at the richest person in Germany. Economic Outlook of Germany Germany underwent a recession in 2023 and experienced a 0.2% decline in its GDP. However, it showed signs of a gradual recovery in the first quarter of […]
- Reuters
US Senate panel expands probe into BMW use of parts from banned Chinese supplier
WASHINGTON (Reuters) -The chair of the Senate Finance Committee said on Monday he was expanding its probe into German automaker BMW's use of electronic components from a banned Chinese supplier. Last month, Senator Ron Wyden said after a two-year staff investigation he had learned that BMW had imported at least 8,000 Mini Cooper vehicles into the United States with parts from a Chinese supplier banned under a 2021 law and that BMW continued to import products with the banned parts until at least April. On Monday Wyden, in a new letter to BMW North America CEO Sebastian Mackensen, asked if the automaker has completed its examination of its supply chain to determine whether other products it imported contained parts from Chinese supplier Sichuan Jingweida Technology Group (JWD).
