BMW sets course to buy controlling stake in Chinese joint venture

2018 BMW 5-Series built by BMW Brilliance Automotive joint ventureTo build cars in China and escape the country’s steep tariffs on imports, foreign automakers have had to partner with local firms via 50:50 joint ventures. However, the Chinese government earlier this year laid out a plan to phase out the rule by 2022, thus paving the way for foreign automakers to buy out their joint-venture partners and take home…

Leave a comment

Your email address will not be published. Required fields are marked *