BMW to raise auto parts sourcing from China
- Posted by IndustryNews in B2B, Trade knowledge, Enterprises, Expert Blogs
- 2008, March 19th
Tag : China, electronic, Electronics & Electrical, Food & Beverage, Industry news, Industry Supplies, insider information, tootoo, trade
BMW AG, the world's largest luxury car maker, will increase sourcing from China this year to buy RMB 4.4 billion (US$619 million) worth of spare parts from 150 domestic suppliers, compared with RMB 3.6 billion in 2007, according to Alfred Rupp, president and CEO of BMW Brilliance Automotive Ltd.
"The local sourcing is crucial for BMW in China, as we have to remain competitive price to attract buyers in the world's second-largest auto market despite the higher costs." said Rupp. The joint venture has been optimizing its operations for better production efficiency to offset surging costs of raw materials...(Read more)
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