China continues open its economy to outsiders. German carmaker BMW has become the first to take a majority stake in its joint venture there. A hard move for the Chinese. But BMW is also investing €3 billion in factories there
Donald Trump doesn't want to see any more BMWs or Mercedes on Fifth Avenue in New York. To that end, he has made different, partly contradictory threats and offers in the trade conflict with the EU. Will it work for him?
Saudi Crown Prince Mohammed bin Salman continued a charm offensive in a two-day visit to China, signing off on a $10 billion oil deal, and pledged assistance in the "de-radicalisation of extremist thinking."
Car sales in China have been plummeting and the persisting slump leaves automakers with few places to go for sales growth. India's economic and demographic trends make it a promising market. But success is tough.
German carmaker BMW has announced it's planning to acquire a majority stake in its joint venture in China. It's the first foreign auto manufacturer to do so after Beijing loosened its corporate ownership rules.
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