BMW AG plans to take a 51% stake in Tractors Malaysia Holdings Bhd. The joint venture would handle BMW’s Malaysian wholesale business, reports say. Talks between BMW and Tractors reportedly have reached the final stages. Tractors, 72%-owned by Malaysian conglomerate Sime Darbe Bhd., already assembles and distributes BMW vehicles in Malaysia. Sales of the luxury cars have totaled 2,000 units annually. The Malaysian firm would retain rights to assemble and sell the vehicles. Sime, a ...

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