With sales of seven million autos in 2018, SAIC Motor Corporation Ltd. (600104.SS) is the largest manufacturer of autos in China. Approximately eighty{cf5020fe670b6fd6c4ffe600a1df660bdd265a34bf254ccb7f0180ab0aedcb1c} of China’s production went towards making private passenger cars, while the other four.three million vehicles produced were for commercial use. One of the Big three luxurious car manufacturers, Audi bought the least of the three in 2018 however remains to be going sturdy available in the market with 1,812,500 units bought globally. The Bavarian Motor Works began life in 1913 as the Rapp Motorenwerke GmbH, an engine manufacturer for plane and motor automobiles, based by the German engineer, Karl Rapp. After Rapp left the corporate in 1917, the corporate was renamed to the now acquainted “Bayerische Motoren Werke”, adopting the blue and white chequered flag of its residence region of Bavaria.
The company has had a chequered financial history, including chapter in the 1970s, however has enjoyed …