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:
  • Brilliance Plunges 30% After BMW Takes Over Joint Venture
    Brilliance China Automotive Holdings Ltd. sank by a record after it agreed to give BMW AG control of their joint venture, diminishing the Chinese carmaker’s exposure to future growth in the world’s la...
    10/11/2018 - 2:43 pm | View Link
  • BMW is paying $4 billion to take control of its China business
    Under the deal with its Chinese partner, Brilliance China Automotive Holdings, BMW (BAMXF) will increase its stake in their joint venture by 25% to 75% ... said that the slowdown should be temporary. ...
    10/11/2018 - 5:00 am | View Link
  • BMW To Gain Control Of Its Chinese Venture With Brilliance Automotive
    BMW’s move to gain control of its Chinese joint venture will likely result into shifting more of the company’s production to China. The Chinese government is keen on foreign car makers increasing thei...
    10/11/2018 - 4:31 am | View Link
  • BMW Will Take Majority Stake In China Joint Venture Amid Trump Trade War
    BMW (BMWYY) will take control of its main China joint venture, becoming the first foreign carmaker to take advantage of looser ownership rules in the country's auto sector. It comes as the German luxu...
    10/11/2018 - 4:20 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 ...
    10/11/2018 - 2:27 am | View Link
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