Nieuws-overig
  • Nieuwsbrief

15 10 2018 01

The BMW Group and Brilliance China Automotive Holdings Ltd. (CBA) announced the early extension of the joint venture contract for BMW Brilliance Automotive (BBA) and the further deepening of the existing successful collaboration.

The extended contract is valid for 22 years (from 2018 to 2040). Furthermore, the BMW Group intends to increase its stake in BBA from 50% to 75% and both partners have today signed a corresponding agreement. This transaction is subject to the approval of the relevant authorities and the consent of the CBA Shareholders’ Meeting.

At the same time, the joint venture also announced an investment of more than three billion euros in new and existing plant structures in Shenyang over the coming years. In Tiexi, a new plant on the existing plant ground will double the site’s capacity, while extensive remodeling and expansion measures will target the neighboring plant in Dadong.

Read more

Tags: Factory

Overig nieuws

Publicaties 249x249 VACATURES 249x249
Leden 249x249  CURSUS AANBOD 249x249

AutomotiveNL - Twitter

S5 Box