BMW eyes 51 pct stake in Malaysian auto JV-report

Newswire

KUALA LUMPUR, Feb 1 (Reuters) - German auto maker BMW AG plans to take a 51 percent stake in a joint venture with Tractors Malaysia Holdings Bhd to handle the Malaysian wholesale business of its luxury cars, a business weekly said on Saturday. The Edge said talks between BMW and Tractors were in the final stages. Tractors would own 49 percent of the proposed joint venture. Tractors, 72 percent owned by Malaysian conglomerate Sime Darby Bhd , already assembles and distributes BMW vehicles ...

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