BMW Brilliance Automotive

BMW-Brilliance Auto Group Joint Venture in China: German Automaker Pays $4.2 Billion to Take Majority Control

BMW will take majority control of the BMW-Brilliance Auto Group Joint Venture in China after securing the necessary license from the Beijing government. The German automaker will pay $4.2 billion (€3.7 billion at current exchange rates) to take a controlling share. more