BMW, Mercedes grapple with unauthorized exports from U.S. to China

April 2, 2015 4:52 PM

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BMW, Mercedes grapple with unauthorized exports from U.S. to China

NEW YORK (Reuters) - Mercedes-Benz and BMW are probing unauthorized exports of luxury cars from the United States to China, which have recently surged and threaten profit in the world's largest auto market, senior executives said.

So-called gray imports to China have jumped since the country allowed dealers registered in Shanghai's free trade zone to import cars without the consent of foreign carmakers, exacerbating price pressure for German manufacturers.

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