Dongfeng Motor Group Co Ltd (0489.HK)
20 Nov 2018
HONG KONG (Reuters Breakingviews) - BMW has drafted a Chinese JV owner manual for its rivals. The luxury carmaker says it will pay $4.2 billion to take control of its venture with Brilliance China Automotive, making it the first to take advantage of new rules allowing foreign brands to do so. Share weakness has helped it drive a bargain, even if the deal doesn’t close until 2022. Others like Daimler may follow in the slipstream.