MINI to build cars in China with Great Wall

MINI to build cars in China with Great Wall

BMW said that this approach did not put into question its commitment to Mini factories in the U.K. The company also said that it wants to expand its business with its existing joint-venture partner BMW Brilliance Automotive (BCAUY) in China.

It appears that MINI production is about to venture into China for the first time, if a report by Bloomberg is to be believed.

The Mini brand's planned expansion in China "does not call into question our commitment to our facilities in Britain", BMW said in a statement.

Association with Great Wall would see increase in both BMW's production volume and its EV share in one of the largest automobile industry in the world. Ltd. said Friday that it is in talks for a joint venture to make BMW's Mini auto models in China, ending days of speculation that had sparked a rally for the Chinese company's shares.

If the JV project moves ahead, it will be BMW's second partnership operation in China. 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. It added they entered another agreement in February this year to evaluate the feasibility of cooperation for vehicles under the Mini brand.

Yankees hurler Tanaka to start ACLS Game 1 in Houston
While the Yanks were embarking on their improbable comeback against the Indians, the Astros were at home eating popcorn. NY came back from a 2-0 series deficit in the ALDS, beating the Cleveland Indians on the road in a deciding Game 5.

Pochettino claims Tottenham can not compete with Manchester clubs in transfer market
Pochettino said that Guardiola was "excited" after his side's victory over Chelsea , and joked that he struggled to "keep his position and be a gentleman".

Rishard Matthews tweets he's done if NFL makes national anthem rule
His half-brother, who was killed in Afghanistan , served 10 years in the Marines and his father served 21 years in the Marines. Matthews announced September 28 he was donating $75,000 to a group of "organizations working in oppressed communities".

Thus far neither automaker has officially commented on the reports.

A Great Wall official declined to comment.

The firm's shares soared as much as 19.2 percent to their highest level in over two years, before paring some gains to stand up 14 percent in afternoon trade.

Trading would be suspended pending clarification of press articles, the company said. Trading in the stock will resume on Monday, the company said.

Related Articles

  • No question of corruption in Jay's business dealings: Amit Shah

    No question of corruption in Jay's business dealings: Amit Shah

    After other leaders in the BJP defended Jay Amit Shah, it was now the turn of his father Amit Shah to come to his defense. The Congress has demanded an inquiry into the matter, while the BJP called the article defamatory.
    Manchester City v Stoke City

    Manchester City v Stoke City

    Aguero told Argentina's TyC Sports: "When I got to the hospital I asked the doctor if I could play for City on the Saturday". I had nearly two days off and going to the airport was when I had that accident.
    Aston Martin DB11 Volante Drops the Top in Time for Spring

    Aston Martin DB11 Volante Drops the Top in Time for Spring

    It has chosen to launch with the lighter V8 engine rather than a V12 to ensure handling is as keen as possible. Prices for the Volante start at £159,900 in the United Kingdom , €199,000 in Europe and $216,495 in the US.
  • Honor 6C Pro unveiled with modest specs and sleek design

    Honor 6C Pro unveiled with modest specs and sleek design

    This phone is mounted with 16MP rear camera with DUAL tone LED flash +secondary 2MP camera with Portrait Bokeh effect. Design wise, we are looking at a unimetal body design with 2.5D curved glass plastered on top of the screen.
    OPPO F3 Lite with 16 MP front camera launched in Vietnam

    OPPO F3 Lite with 16 MP front camera launched in Vietnam

    Along with the Philippines and India, the OPPO F5 will soon launch in Indonesia, Malaysia, Myanmar, Thailand, and Vietnam. Features like 3.5 mm headphone jack, analogue FM radio, and a fingerprint scanner located on the home button.
    Choosing Between Cisco Systems, Inc. (CSCO) and Juniper Networks, Inc. (JNPR)

    Choosing Between Cisco Systems, Inc. (CSCO) and Juniper Networks, Inc. (JNPR)

    Also, CEO Rami Rahim sold 16,000 shares of Juniper Networks stock in a transaction that occurred on Wednesday, August 30th. On average, equities research analysts predict that Juniper Networks will post $2.23 EPS for the current fiscal year.
  • Maria Sharapova trounces Stefanie Voegele to reach Tianjin Open semi-finals

    Maria Sharapova trounces Stefanie Voegele to reach Tianjin Open semi-finals

    Sharapova was broken in the first game of the match but hit back straight away, using her forehand to break down her opponent. Peng stayed in the hunt to retain her title on home soil with a brutal 6-0 6-1 demolition of Sara Sorribes Tormo.

    Sen. Collins of ME to announce governor's race decision

    Prior to her announcement, she said she wanted to "heal ME ", a comment read by some as a swipe at LePage's polarizing style. She spoke of how she's proud of her time in the Senate, and how she felt as though she was able to represent ME well.
    American dream of World Cup glory must be reimagined after 2018 failure

    American dream of World Cup glory must be reimagined after 2018 failure

    National Team stopped short of offering any changes and even insisted that 'there's nothing wrong with what we're doing'. Even despite conceding those two freaky goals, we still positioned ourselves to get out of there with a point.
  • Congress to take 'Save Metro Rath' through city today

    Congress to take 'Save Metro Rath' through city today

    The survey found that around 97 per cent women said that they want a rollback in the fare. He said that when both were against the hike in Metro fare then who took the decision.
    Bank of America earnings boosted by higher interest rates

    Bank of America earnings boosted by higher interest rates

    Finally, Jefferies Group LLC reaffirmed a "buy" rating on shares of Bank of America Corporation in a report on Friday, July 7th. After this purchase, 85,650 common shares of BAC are directly owned by the insider, with total stake valued at $2,179,793.
    Jane Fonda Says She Is 'Ashamed' of Her Silence on Weinstein Allegations

    Jane Fonda Says She Is 'Ashamed' of Her Silence on Weinstein Allegations

    But Arquette is among the handful of actresses whose experiences with Weinstein were detailed in the New Yorker this week. Fonda then turned her message toward Donald Trump , who has been accused by numerous women of sexual harassment .