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BMW makes $4B push for control in Chinese car market

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BMW is investing $4.1 billion to secure control of its Chinese joint venture.

Through the agreement with Brilliance China Automotive Holding Ltd., BMW becomes the first automaker to take advantage of China’s recent policy to let foreign companies take majority ownership of their local partnerships.

BMW intends to increase its stake in the venture with Brilliance to 75 percent from 50 percent.

Read more from Bloomberg.

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