BMW


Brilliance China Auto stocks soar after report of takeover plan

Brilliance China Auto stocks soar after report of takeover plan

(ATF) Shares in Brilliance China Automotive Holdings Ltd – BMW's main Chinese partner – jumped by up to 25% on Wednesday after news emerged that FAW Group is looking at taking over the company.The potential acquisition by state-owned FAW, China's No. 2 automaker, comes at a time when Brilliance's top …

Continue reading

BMW looks to China JV, electric cars to deliver higher margins

BMW looks to China JV, electric cars to deliver higher margins

(ATF) German carmaker BMW is planning big investments in electric cars, as well as simplifying its vehicle portfolio, and raising its share in its joint venture in China from 50% to 75% in 2022.BMW's chief financial officer Nicolas Peter told Reuters that the moves should help push the iconic luxury …

Continue reading

China's Great Wall plans to launch electric and smart car brand

China's Great Wall plans to launch electric and smart car brand

(ATF) China's Great Wall Motor plans to launch a new electric vehicle (EV) and smart car brand, sources told Reuters, as manufacturers in the world's biggest car market pursue growth in the alternative new energy segments.Inspired by the market success of US-based Tesla and Chinese brands Nio, Li Auto and …

Continue reading