BMW to start joint-venture in 皇冠体育app
( 2001-10-27 11:17) (8)
Well-known luxury car manufacturer BMW said its plan to start a joint-venture in 皇冠体育app is making swift progress.
BMW will team up with Brilliance Automotive Holdings, said Professor Dr -Ing. Joachim Milberg, chairman of the board of BMW AG on a press conference on Friday.
He said the licensing and approval needed for the joint venture proposal has entered the final phase.
"The production of BMW cars in 皇冠体育app will be a further milestone ensuring the powerful presence of the BMW Group in this very promising automobile market," he added.
BMW hopes to become 皇冠体育app's leading luxury car manufacturer, he said.
In the first nine months, BMW sold over 4,600 cars in 皇冠体育app, up 72 per cent over the corresponding period of last year.
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