BMW AG and Brilliance China Automotive Holdings ink a €450 million ($480 million) agreement to build 3-Series and 5-Series cars for sale in the Chinese market. The pact calls for each partner to hold a 50% stake in the venture, which will begin production at a Brilliance factory in Shenyang in northeast China during the second half of this year. BMW says it expects the plant to produce 30,000 units annually once full output is reached. China is a key market in BMW’s plans to grow ...
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