Breakingviews - BMW writes China JV owner manual for its rivals

BMW announced plans to put $3.5 billion into new and existing plants in northern China, creating 5,000 new jobs in an economically stricken region.

Without that, Evercore ISI analysts estimated Beijing’s tariff retaliation in the spat with Washington could cost BMW and compatriot Daimler $965 million and $765 million respectively. Both steps may help secure tariff exemptions for cars it manufactures in the United States to be sold in the People’s Republic.

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte