BMW to buy control of China venture in ‘new era’ for foreign ca...

10 October, 2018 10:08 am 10:08 am

SHENYANG (Reuters) – Germany’s BMW will pay 3.6 billion euros (£3.2 billion) to take control of its main joint venture in China, the first such move by a global carmaker as Beijing starts to relax ownership rules for the world’s biggest auto market. The luxury carmaker said it would increase its stake in its venture … Read More

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