BMW agrees to pay $4.1b to lift its stake in auto JV with Brilliance China

BMW agrees to pay $4.1b to lift its stake in auto JV with Brilliance China

The hubcap of a Bayerische Motoren Werke AG (BMW) X2 crossover vehicle is seen during the 2018 North American International Auto Show (NAIAS) in Detroit, Michigan, U.S., on Tuesday, Jan. 16, 2018. After auto executives spent years trying to convince the world they can beat Silicon Valley to electric cars and autonomous driving, they are finally getting a chance to crow once again about what they do best: trucks. Each of the hometown brands will pull the cover off of a new flatbed, while at least three of the luxury brands roll out new SUVs. Photographer: Andrew Harrer/Bloomberg Photo by Bloomberg

BMW AG agreed to pay 3.6 billion euros ($4.1 billion) to boost its stake in a Chinese joint venture with Brilliance China Automotive Holding Ltd. as it increases production capacity and expands localization of models including new energy vehicles.

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