Chinese carmaker rivalry sparks BMW layoffs – and blowback for China’s rust belt

When massive lay-offs took place at BMW’s manufacturing base in northeast China – the German carmaker’s largest production hub worldwide – the entire city felt the shock. Starting from November 2, BMW Brilliance – a joint venture between the German brand and Chinese firm Brilliance Auto where BMW holds a 75 per cent share – in Shenyang, Liaoning province, began...