To 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…BMW sets course to buy controlling stake in Chinese joint venture
To 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…
BMW has insisted the 2019 3-Series will be a return to form for the benchmark sport sedan. And no one is more confident than BMW research and development chief, Klaus Fröhlich. In fact, Fröhlich is fed up with automotive media claiming BMW’s old cars are better machines. Australian publication Motoring reported Tuesday that the R&D…