German premium carmaker BMW has agreed to pay 5.1 billion yuan ($820 million) of subsidies to its dealers in China, ending months of bickering over who should bear the brunt of a market slowdown in the country last year.Song Tao, deputy secretary general of the China Automobile Dealers Association (CADA), which had represented the dealers in the negotiations said, "This is the biggest such subsidy we've had in China... because last year, dealers had the highest level of stockpile.

Video: BMW Agrees to Pay $820 Million Subsidies to China Dealers

German premium carmaker BMW has agreed to pay 5.1 billion yuan ($820 million) of subsidies to its dealers in China, ending months of bickering over who should bear the brunt of a market slowdown in the country last year.Song Tao, deputy secretary general of the China Automobile Dealers Association (CADA), which had represented the dealers in the negotiations said, “This is the biggest such subsidy we’ve had in China… because last year, dealers had the highest level of stockpile.

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Video: BMW Agrees to Pay $820 Million Subsidies to China Dealers

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