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
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.
German premium carmaker BMW has announced that new stricter EU emissions tests for cars as well as global trade tensions would leave revenues and profits short of its full-year forecast.
Germany's auto behemoths are cooperating with each other to fight back against tech companies encroaching on their territory. Is this pragmatism the beginning of an impending consolidation in the car industry?
The South Korean government is considering banning from the roads any BMW vehicle that has not been subject to a recall safety check after more than 30 incidents in which cars caught fire. Julian Ryall reports.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version