Borgward losses spur majority stake sale by Foton

The BX7 TS is one of two SUVs currently sold by Borgward.

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By:

Staff report

October 12, 2018 05:00 AM

China's Beiqi Foton Motor plans to sell a 67 percent stake in Borgward as losses escalate at the German brand it revived four years ago escalate.

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