BMW, Audi suspend shipments by train to China due to Ukraine war

BMW, Audi suspend shipments by train to China due to Ukraine war


Spencer Platt | Getty Images News | Getty Images

BMW and Volkswagen’s premium Audi brand have suspended shipments of cars by rail from Germany to China following the war in Ukraine, the German carmakers said on Tuesday.

While both carmakers produce most of their vehicles in China, the world’s largest car market, a certain share is imported from Europe by rail or ship.

Last year, BMW delivered 846,237 BMW and MINI vehicles to Chinese customers, while it was 701,289 for Audi.

“BMW has stopped all train transport through Russia immediately after the beginning of the war. Exports to China routinely are handled by ship,” a spokesperson for BMW said, confirming an earlier Nikkei report.

Audi also proactively suspended rail transports to and from China via Russia with the Trans-Siberian Railway immediately after Russia’s invasion of Ukraine, a spokesperson for parent Volkswagen said.

“We are currently examining whether transports by rail via the southern route will also be possible in the near future,” the spokesperson added.

In March, Audi said it was adjusting its manufacturing operations at its Hungarian factory, which accounts for a chunk of the country’s exports, because of the war in Ukraine.



Source

Evergrande’s  billion rise and fall leaves scars on China’s property sector
World

Evergrande’s $50 billion rise and fall leaves scars on China’s property sector

An Evergrande commercial complex in Beijing on Jan. 29, 2024. Greg Baker | Afp | Getty Images China Evergrande Group was delisted from the Hong Kong Stock Exchange on Monday — an ignominious exit for the former high-flying developer that once epitomized Beijing’s economic rise and later came to symbolize the country’s property bust. Following […]

Read More
Keurig Dr Pepper to buy Dutch coffee company JDE Peet’s in  billion deal
World

Keurig Dr Pepper to buy Dutch coffee company JDE Peet’s in $18 billion deal

Keurig Dr Pepper will acquire Dutch coffee and tea company JDE Peet’s in a roughly $18 billion deal that could give a boost to the U.S. giant’s struggling coffee business, the two companies said Monday. The deal was first reported by the Wall Street Journal. Keurig Dr Pepper will pay JDE Peet’s shareholders 31.85 euros […]

Read More
‘KPop Demon Hunters’ gives Netflix its first box-office win
World

‘KPop Demon Hunters’ gives Netflix its first box-office win

Netflix appears to have its first No. 1 box-office title in the streaming company’s 18-year history thanks to the sensation of “KPop Demon Hunters.” Rival studios on Sunday estimated “KPop Demon Hunters” led all films over the weekend with $16-18 million in ticket sales. Distribution executives from three studios shared their estimates for the Netflix […]

Read More