BMW Admits Shipping "Tens of Thousands" of Cars from Europe to the U.S. and Asia

Apparently, the auto industry wasn't expecting such a significant decline in European sales this year and as a result, many carmakers made more vehicles than they could sell in the crisis-stricken continent.

One of the companies facing this problem is the BMW Group. During a company event in Munich on Thursday, BMW Group board member and sales and marketing director, Ian Robertson, told reporters that the luxury automaker has shifted “tens of thousands” of cars originally made for Europe to the USA and Asia.

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