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Automakers

Chinese mobility provider Ucar buys control of revived German brand Borgward

Borgward BX7
Borgward builds SUVs including the BX7.
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By:
Staff report
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AN
By:
Automotive News China
March 27, 2019 11:51 AM

Chinese ride-hailing and short-term-rental provider Ucar will acquire a 67 percent stake in Borgward, the German brand revived by Beijing truckmaker Beiqi Foton Motor, for 4.11 billion yuan ($614 million).

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