BMW deal to lift stake in China JV unaffected by Brilliance parent's debt issues

BMW deal to lift stake in China JV unaffected by Brilliance parent's debt issues

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

German carmaker BMW said on Tuesday there was no indication that its deal to increase its stake in its joint venture with Brilliance China Automotive would be affected by debt issues at Brilliance’s parent.