Chinese carmaker rivalry sparks BMW layoffs – and blowback for China’s rust belt
When massive lay-offs took place at BMW’s manufacturing base in northeast China – the German carmaker’s largest production hub worldwide – the entire city felt the shock. Starting from November 2, BMW Brilliance – a joint venture between the German brand and Chinese firm Brilliance Auto where BMW holds a 75 per cent share – in Shenyang, Liaoning province, began…
Continue reading this story on South China Morning Post, the publisher that reported it.
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