Bmw To Take Control Of China Joint Venture

The deal comes as Beijing plans to eliminate a limit on foreign ownership of automotive ventures by 2022, the year the $4.1 billion deal is set to close.

Topics:  beijing   venture   deal   
BING NEWS:
  • Daimler and BMW Can Show If China’s Barriers Are Really Falling
    Daimler AG’s plan to take control of its China joint venture opens another crack in China’s blockade of foreign ownership and puts the nation’s giant auto industry in the spotlight for whether promise...
    12/4/2018 - 9:27 pm | View Link
  • BMW to pay $4.1bn for control of China-joint venture
    Germany’s BMW announced that it will take majority control of its main China joint venture for €3.6 bn equivalent to $4.1bn, the first such move by a global car manufacturer, as Beijing starts to rela...
    10/15/2018 - 9:05 pm | View Link
  • BMW to gain control of China venture in milestone deal
    SHENYANG -- BMW said it will take majority control of its main China joint venture for 3.6 billion euros ($4.2 billion), the first such move by a global automaker as Beijing starts to relax ownership ...
    10/11/2018 - 4:08 am | View Link
  • BMW spends €3.6 billion to control Chinese joint venture
    Source: DPA In the first deal of its kind, BMW will become the first foreign carmaker in the China to control a joint venture to produce conventional autos. The German maker of luxury vehicles – the w...
    10/11/2018 - 1:21 am | View Link
  • BMW to gain control of China venture in milestone $4.2 billion deal
    SHENYANG -- BMW said it will take majority control of its main China joint venture for 3.6 billion euros ($4.2 billion), the first such move by a global automaker as Beijing starts to relax ownership ...
    10/10/2018 - 11:17 pm | View Link
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    BMW AG (German: [ˈbeːˈʔɛmˈveː]; originally an initialism for Bayerische Motoren Werke in German, or Bavarian Motor Works in English) is a German multinational company which currently produces luxury automobiles and motorcycles, and also produced aircraft engines until 1945.. The company was founded in 1916 and has its headquarters in Munich, Bavaria.
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