BMW to sign China joint venture production deal


By Scott Hillis BEIJING, March 27 (Reuters) - BMW AG said it will sign a deal on Thursday with Brilliance China Automotive Holdings to produce the German luxury cars in one of the world's fastest-growing car markets. Under the long-awaited deal, BMW and Brilliance, China's largest van maker, will invest 450 million euros ($480 million) in the venture by 2005, with each side holding a 50 percent stake, BMW said in a statement. "The joint venture in China is a crucial step for the BMW ...

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