profishingrods.com
profishingrods.com December 18, 2017


BMW may partner with Great Wall to expand Chinese production

13 October 2017, 05:28 | Joann Bryant

A long-wheelbase X1 is currently built by BMW for the Chinese market Close

BMW X1 long wheelbase

"The discussion and evaluation relating to the feasibility of cooperation between the company and BMW for vehicles of MINI brand is still at preliminary stage, and there are material uncertainties as to whether both parties will officially commence cooperation", the company said in an exchange filing.

BMW has not yet confirmed if the plant will churn out BMW-only products or if the agreement involves adding a second production facility for the upcoming electric Mini, which is now only slated for production at the brand's Oxford plant in the UK. Talks with BMW are still at a preliminary stage and it is uncertain whether the cooperation will commence, the Chinese vehicle maker said.

Auto manufacturers have recently announced a raft of investments and tie-ups in China.

If the JV project moves ahead, it will be BMW's second partnership operation in China.

BMW is now considering another joint venture in China so that it can increase its production volumes and strengthen its electric vehicle presence in the market. Shares in Brilliance fell on Wednesday. But China's state planner has said that in principal it will not approve any new foreign joint ventures involving traditional gas-powered cars because the market is already oversupplied.




The plans were first reported by Shanghai-based www.iautodaily.com earlier on Wednesday.

A Great Wall official declined to comment.

Subsequently, Hyundai was also linked as a buyer to Jeep brand.

Trading would be suspended pending clarification of press articles, the company said.

Brilliance China Automotive's shares were down 2.76 percent.



Other News

Trending Now

Kane wins Player of the Month award with six-goal haul
Asked if Guardiola had contacted him, Pochettino said: "No, of course not". Plus a little video from the press conference.

Parents of Missing 3-Year-Old Texas Girl Not Cooperating With Police
Investigators are looking through her parents' vehicles, computers and cellphones, as well as surveillance video from neighbors. According to NBC, Williams was adopted by the Mathews family from an orphanage in India nearly two years ago.

Trump takes his media-bashing to a new extreme
The Radio-Television Digital News Association's Voice of the First Amendment Task Force has condemned the threats and the tweet they rode in on.

Nadal makes Shanghai semis, ties Agassi for wins in Open Era
The 36-year-old broke the world number 41 in the first game before saving a break point in the tenth to seal the opening set 6-4. World number one Rafael Nadal breezed into the quarter finals of the Shanghai Masters today.

SCA upholds High Court decision on Zuma charges
Legal expert Ulrich Roux said the court's decision means it was now the NPA's prerogative to reinstitute the charges against Zuma. Mpshe also wrongly invoked and relied on section 179 (d) of the Constitution when he made the decision, said Justice Leach.

NOPD officer fatally shot in New Orleans East
The officer was taken by EMS to University Medical Center, where Harrison said doctors pronounced the officer dead. After a call of an officer's life "in danger" in New Orleans East, an NOPD officer has died in the line of duty.

Cowboys Owner Jerry Jones: Players Who Protest During Anthem Won't Play
Jones said a phone conversation with Trump after the display in Arizona included Trump telling him there was a rule on the books. Afterwards, Pence tweeted that he wouldn't "dignify any event that disrespects our soldiers, our Flag or our National Anthem".

Earthquake Detected Near North Korean Nuclear Test Site
However, since the September 3 underground nuke test, it has seen two other quakes of magnitude 2.6 and 3.2. A small quake on September 23 was thought to be an aftershock of the nuclear test earlier in the month.

Anadarko Petroleum Corporation (NYSE:APC) Under Analyst Spotlight
TheStreet upgraded shares of Anadarko Petroleum from a "d+" rating to a "c-" rating in a report on Friday, February 3rd. The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.50 billion.

Golden Knights home opener recognizes Las Vegas tragedy
The Knights have earned a couple of 2-1 wins, both on third period comebacks, one of which had to be settled in overtime. They gave this community an awesome display, everything from a classy pregame production to a well-played hockey game.