UPDATE 1-BMW to make cars in booming China

Newswire

(Updates with signing, adds executive comment, background) By Scott Hillis BEIJING, March 27 (Reuters) - BMW AG signed a deal on Thursday to produce the German luxury cars in China, one of the world's fastest-growing car markets. "China is one of the most important stepping stones in our strategy," BMW Chairman Helmut Panke told reporters. "Many of us believe China will be the largest market in the world." Under the long-awaited deal, BMW and Brilliance China Automotive Holdings , ...

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