Overview
- Handelsblatt reported that BMW is in advanced negotiations with the European Commission on a confidential minimum import price for the MINI Aceman and Cooper.
- Both BMW and the European Commission declined to comment on the reported talks.
- The two models are produced in Zhangjiagang by Spotlight Automotive, a 50:50 joint venture between BMW and Great Wall Motor.
- The talks follow Volkswagen’s recent arrangement for the China-made Cupra Tavascan, which exchanged the countervailing duty for a minimum price commitment and a volume cap.
- BMW continues to challenge the EU duties at the European Court of Justice, with a hearing expected mid-year, and sources cited by Handelsblatt say the company hopes to reach an agreement beforehand.