BMW eyes China JV with Great Wall Motor: source
They are considering possibility of opening plant in eastern city of Changshu, adds BMW exec
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Beijing
GERMAN luxury automaker BMW is looking to form a joint venture (JV) with Great Wall Motor, a source familiar with the matter said, sending shares in the Chinese carmaker up by nearly a fifth on Wednesday.
The carmakers are considering the possibility of opening an assembly plant in the eastern Chinese city of Changshu, a BMW executive said, while declining to say what type of vehicles would be put together there.
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