BMW wants suppliers to share higher costs - report

Newswire

FRANKFURT, May 31 (Reuters) - German car maker BMW wants its suppliers and sub-contractors to shoulder more of the burden of higher raw material costs, the German industry newsletter Automobilwoche reported on Saturday. "Since 2004 raw materials have led to additional costs in the region of 800 million euros ($1.24 billion) for us, of which more than 700 million euros have ended up in our books," it quoted BMW management board member Herbert Diess as saying. Sub-contractors, suppliers ...

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