US President Donald Trump said on Sunday that China had agreed to cut import tariffs on American-made cars, a potential boon for automakers including Tesla Inc and BMW who manufacture in the United States for export to China.
MUNICH: Daimler AG and BMW AG are considering joining forces on making key automotive components, a move that would tie the traditional luxury-car rivals more closely than ever before and reflect the fundamental changes sweeping the industry.
The German manufacturers are exploring options such as joint vehicle platforms, batteries and autonomous-car technology, according to sources. Collaboration would be restricted to technology that’s not brand-specific, but deliberations are in their early stages and the timing of any decisions are unclear, the sources said. Daimler and BMW declined to comment.
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