SHENYANG -- BMW said it will take majority control of its main China joint venture for 3.6 billion euros ($4.2 billion), the first such move by a global automaker as Beijing starts to relax ownership rules for the world's biggest auto market.
SHENYANG -- BMW said it will take majority control of its main China joint venture for 3.6 billion euros ($4.2 billion), the first such move by a global automaker as Beijing starts to relax ownership rules for the world's biggest auto market.
The Japanese automaker will ditch about 20 performance-based metrics for a singular metric: new-car sales. The Nissan One program, which launches June 3, ties dealer variable margin to achieving retail volume goals.