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United Kingdom

Dongfeng Motor Group Co Ltd (0489.HK)

0489.HK on Hong Kong Stock

8.51HKD
7:12am GMT
Change (% chg)

HK$0.11 (+1.31%)
Prev Close
HK$8.40
Open
HK$8.40
Day's High
HK$8.60
Day's Low
HK$8.35
Volume
5,694,318
Avg. Vol
9,955,262
52-wk High
HK$10.36
52-wk Low
HK$6.64

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Breakingviews - BMW writes China JV owner manual for its rivals

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.

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