Thursday, 14 December, 2017

BMW Aims to Grow Mini Brand in China

A man takes a look at second-hand BMW cars at a dealer shop in Beijing. Kim Kyung Hoon  Reuters A man takes a look at second-hand BMW cars at a dealer shop in Beijing. Kim Kyung Hoon Reuters
Preston Stone | 13 October, 2017, 17:29

Sergio Marchionne, CEO of FCA said his company won't consider selling Jeep as a separate entity and rejected the idea of making a deal with Chinese rival Great Wall Motor Co, reports Bloomberg.

Great Wall's shares had surged 14 percent on Wednesday and were later suspended after Reuters reported that it was discussing a joint venture with the German premium manufacturer, focused on electric vehicles.

Association with Great Wall would see increase in both BMW's production volume and its EV share in one of the largest automobile industry in the world.

The talks are in a preliminary stage, Great Wall said in a statement to the Hong Kong stock exchange Friday. That strategy helped propel the company to a 26 percent sales surge past year.

Boy Scouts To Accept Girls, But Not Everyone Is Happy
We have the archery set up at our camp. "I want my daughter to have the opportunity to camp a few times or twice a summer". We are constantly looking at our programming and talking to girls. "We are not trying to replace them", Smith said.

Vehicle manufacturers have recently announced a raft of investments and tie-ups in China. "Leveraging the growth of Mini in China is only possible with a local partner", the company said.

"We are in discussions with Great Wall about setting up a joint venture to produce cars in Changshu", said a BMW executive, who was not authorised to speak on the matter.

BMW AG is working on a deal that will bring manufacturing of the iconic Mini brand to China for the first time, according to people with knowledge of the plan. Talks with BMW are still at a preliminary stage and it is uncertain whether the cooperation will commence, the Chinese auto maker said.

Great Wall did not specify if the new venture would make traditional gasoline-powered Mini models or electric ones, though it did say that some output could eventually be exported. The company suspended trading in the shares on October 12 and September 29 respectively.

Recommended

Samsung Galaxy S8 Active to Launch on T-Mobile Soon Samsung Galaxy S8 Active to Launch on T-Mobile Soon The J2 comes with a 5MP back camera with an LED flash and there is a 2MP front camera and there is no flash on the front. The Galaxy Tab A comes in a metal-clad design with smooth edges and sports an 8-inch display with 1280x800p resolution.

Aston Martin's New Luxury Convertible Has a Sporty Side Aston Martin's New Luxury Convertible Has a Sporty Side On sale in early 2018, the DB11 Volante costs from £159,900, around £15k more than the V8 Coupe. The new hood design also results in a 20% larger boot capacity than the outgoing DB9 Volante.

Sergio Aguero returns to training Sergio Aguero returns to training The Argentine suffered the injury when the taxi he was travelling in veered off the road and collided with a post during a break in Amsterdam ahead of his worldwide commitments with Argentina.

Maria Sharapova trounces Stefanie Voegele to reach Tianjin Open semi-finals Maria Sharapova trounces Stefanie Voegele to reach Tianjin Open semi-finals She saw off 71st-ranked Linette in just over 98 minutes to reach only her second quarter-final since her return to action. Sharapova returned in April from a 15-month suspension for taking the banned substance meldonium.

Ticket Requests Surpass 2M Mark for World Cup 2018 Ticket Requests Surpass 2M Mark for World Cup 2018 Tickets range from approximately $130 (for a group play contest) and tops out at $1,114 (for the tournament final in Moscow). Full information about ticket sales for the 2018 FIFA World Cup is available on FIFA.com/tickets.

Honor 6C Pro with 5.2 inch HD Display and 3000mAH Battery Launched Honor 6C Pro with 5.2 inch HD Display and 3000mAH Battery Launched The Honor 6C Pro is now exclusive to Russian Federation and is expected to make its way to other European countries soon. Weighing around 145grams, the Honor 6C pro will feature a 13MP camera at the rear and an 8MP selfie-camera at the front.

Samsung's New And Improved Bixby 2.0 Is Coming On 18 October Samsung's New And Improved Bixby 2.0 Is Coming On 18 October The upgraded version of Bixby is set to be announced at Samsung's annual Developer Conference in San Francisco on October 18. The move is meant to enhance the performance of the virtual assistant , which has received a lackluster response so far.

Tottenham Hotspur Not Just About Harry Kane Feels Bournemouth Boss Tottenham Hotspur Not Just About Harry Kane Feels Bournemouth Boss Kane found the net six times in four top-flight matches for Spurs last month, earning him his fifth Player of the Month award. When asked if Guardiola's comments would fuel the team for the rest of the season, Pochettino didn't believe so.

President Trump Says 'Partisan' Network News Could Have Licenses Revoked President Trump Says 'Partisan' Network News Could Have Licenses Revoked The FCC oversees licensing - it licenses individual broadcast stations, not networks specifically. The network reported that Secretary of State Rex Tillerson called Trump a "moron".

Pat Perez leads CIMB Classic by a stroke at halfway stage Pat Perez leads CIMB Classic by a stroke at halfway stage But the American, who started on the 10th, faltered after his promising start and hit three bogeys, leaving him to play catch-up against Smith.

Thank You For Playing the STAR WARS Battlefront II Beta - Electronic Arts Thank You For Playing the STAR WARS Battlefront II Beta - Electronic Arts Duplicate Star Cards picked up in crates will also give crafting parts so players can upgrade Star Cards of their choice. Unlike most "crate" systems in full-priced games, in the beta these crates actually affected your ability to perform.

Cannot Deport Rohingya Refugees Till Next Hearing, Supreme Court Tells Government Cannot Deport Rohingya Refugees Till Next Hearing, Supreme Court Tells Government The Centre has contended that stay of the Rohingyas was "absolutely illegal" and has serious ramifications on national security. Till then the court has ordered status quo in the issue.

Turkish forces set up positions in Syria's Idlib Turkish forces set up positions in Syria's Idlib Syria has been gripped by civil war since March 2011 with various terrorist groups, including Daesh, now controlling parts of it. The YPG accused Turkey of making threatening moves towards Afrin, the neighbouring region held by the militia.

China September Exports Rise 9% China September Exports Rise 9% A rebound in China's exports this year has helped support Chinese economic growth this year. China's exports expanded at a slower than expected pace but remained robust in September.

The Evil Within 2 gets creepy launch trailer The Evil Within 2 gets creepy launch trailer If you're looking for a lengthy and frightening adventure this Halloween season, look no farther than The Evil Within 2 . Sebastian must rescue Lily before everything falls apart and they are both lost in STEM.