BMW to gain control of China venture in milestone $4.2 billion deal

BMW will take majority control of its main China joint venture for $4.2 billion, the first such move by a global automaker as Beijing relaxes ownership rules in the world's largest auto market.


Calsonic lines up $5.9 billion for Magneti takeover, report says

Calsonic Kansei has lined up around 5 billion euros ($5.9 billion) in financing from Japanese banks to help fund its proposed acquisition of FCA's Magneti Marelli unit, Reuters reported.

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