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BMW to pay 5.1b yuan to help China dealers cover losses

Tuesday, January 6, 2015 - 05:50


BAYERISCHE Motoren Werke AG agreed to pay 5.1 billion yuan (S$1.1 billion) to its distributors in China to help cover their losses after the retailers stopped ordering cars from the manufacturer, a dealer's group said.

The subsidies are the largest by an automaker to its

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