July 13, 201610 yr BMW, VW to procure more parts in ThailandTAMAKI KYOZUKA, Nikkei staff writerBANGKOK -- Germany's BMW and Volkswagen will source more parts from Thailand's well-developed autoparts industry to enhance competitiveness and expand Asian operations.BMW will establish its first Southeast Asian international procurement base in Bangkok as early as next month with an eye on shipping Thai-made parts meeting quality standards to BMW's 30 or so factories in 14 countries around the world.In addition, BMW decided last year to spend 1.1 billion baht ($31 million) to expand its sole passenger car plant, aiming to boost the Thai plant's annual output capacity to 20,000 vehicles by 2017. Exports to China will also begin, increasing the need to procure local parts. Full story: http://asia.nikkei.com/Business/Trends/BMW-VW-to-procure-more-parts-in-Thailand -- NIKKEI ASIAN REVIEW 2016-07-14
July 13, 201610 yr Many of the car part manufacturers seem to have a Japanese or Chinese tint in their name. I wonder where the profits flow.
July 14, 201610 yr Good luck BMW. Earlier this year, BMW said it will pay 5.1 billion yuan ($823 million) to its established China dealers who are suffering from slowing sales as the economy cools and competition from unauthorized dealers increases. The Chinese government has allowed a gray auto market by allowing dealers registered in Shanghai's free trade zone to import cars without the consent of foreign carmakers. A BMW 650i xDrive Convertible that sells from $97,900 in the United States can cost close to $320,000 in China - guess from where gray market autos are exported. BMW is seeing vehicles turn up in China with navigation systems and engines that are specified for the United States.
July 14, 201610 yr don't see why everyone is so worked up about it.... its mostly plastic parts that will be shipped.... there is hardly any human interaction involved in making these parts, so unlikely anything will be wrong or made to a lower standard - unlike assembly of cars.
July 14, 201610 yr The only money that stays here is the wages correct? Everything else goes to the corporation?
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