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BMW, Chinese partner to invest in expansion,add second plant in china German luxury car maker BMW AG on Tuesday signed a memorandum of understanding with its Chinese partner, Brilliance China Automotive Holdings Ltd to invest US$735 million to raise production capacity, sources reported. The investment will partly be used to fund the expansion of an [...]

    The French and the Japanese have gotten together to form a strong partnership once already with the Nissan Renault alliance. Now it’s looking like other carmakers may be attempting to replicate this success. PSA Peugeot-Citro?n  is reportedly on the verge of purchasing a controlling stake (somewhere between 30 and 53 percent) in Mitsubishi [...]