- BMW CEO Milan Nedeljković says some Chinese cars are sold in Europe at prices that “make no business sense.”
- He warns that distorted competition could fuel protectionist measures across Europe.
- BMW supports free trade but wants competition on terms it considers fair.
BMW’s new CEO is raising concerns about the pricing of Chinese cars in Europe, arguing that some models are being sold at prices that don’t make business sense. Milan Nedeljković stopped short of calling for higher tariffs, though, instead backing a negotiated solution with China to address what he sees as a distortion of competition.