UPDATE 2-Liaoning govt to take key stake in Brilliance China

Newswire

(Updates with details, comments) HONG KONG, Dec 20 (Reuters) - China's Liaoning provincial government is to take a controlling stake in Brilliance China Automotive Holdings Ltd , removing months of uncertainty surrounding the country's largest van maker. Brilliance is setting up a joint venture with German luxury automaker BMW and production of three and five series BMW sedans is expected to start next year to supply one of the world's fastest growing markets. Huachen Automotive Group ...

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