The BMW Group has extended the contract for the BMW Brilliance Automotive Ltd. (BBA) joint venture until 2040. The agreement on the contract extension was signed by the two joint venture partners back in October 2018, on BBA’s 15th anniversary. The corresponding amendment to the contract comes into force with.
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Bayerische Motoren Werke AG said it has taken majority control of its Chinese joint venture, securing its grip on its operations in the world's biggest auto market.