BMW electric Mini threatened with highest EV tariff from EU, source says [Yahoo! Finance Canada]
GREAT WALL MOTOR CO ADR (GWLLY)
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Source: Yahoo! Finance Canada
BERLIN (Reuters) - BMW's all-electric Mini made in China is set to be hit by the highest EV tariff of 38.1% under the EU's provisional plans, a source familiar with the matter said on Friday, a potential terminal blow for the mid-range car's sales prospects. Mass production of the roughly 35,000-euro ($37,345) vehicle, produced by a BMW and China's Great Wall Motor Co Ltd joint venture, began late last year - shortly after the EU launched its probe. With production still in early days, the JV was unable to fulfil the European Commission's survey to the level of detail required to be classed as a company cooperating with the investigation, the source said, declining to be named because discussions are private. ADVERTISEMENT Companies seen as cooperating with the EU were subject to lower tariffs of 17.4%-21%, according to a European Commission document seen by Reuters. That includes BMW Brilliance Automotive, another BMW joint venture which has produced the electric iX3 for exp
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