BMW stands to become the first foreign car manufacturer to own a majority stake in a Chinese joint venture, showing Beijing is following through on a pledge to increasingly open up the economy to global corporations.
BMW stands to become the first foreign car manufacturer to own a majority stake in a Chinese joint venture, showing Beijing is following through on a pledge to increasingly open up the economy to global corporations.
The reported call could ease the feuding after an extraordinary day of hostilities — largely conducted over social media — that marked a stark end to a close alliance.