{"id":17986,"date":"2018-10-11T06:22:36","date_gmt":"2018-10-11T06:22:36","guid":{"rendered":"http:\/\/qatar-news.org\/qatarnewsEn\/?p=17986"},"modified":"2018-10-11T06:22:36","modified_gmt":"2018-10-11T06:22:36","slug":"bmw-is-paying-4-billion-to-take-control-of-its-china-business","status":"publish","type":"post","link":"https:\/\/qatar-news.org\/qatarnewsEn\/?p=17986","title":{"rendered":"BMW is paying $4 billion to take control of its China business"},"content":{"rendered":"<p class=\"zn-body__paragraph speakable\"><cite class=\"el-editorial-source\">Hong Kong (CNN Business)<\/cite>BMW is racing ahead of other global automakers in China.<\/p>\n<div class=\"zn-body__paragraph speakable\">The German company said Thursday that it will pay \u20ac3.6 billion ($4.2 billion) to take control of its business in China. It&#8217;s the first international carmaker to announce this kind of deal since the Chinese government moved earlier this year to relax ownership restrictions.<\/div>\n<div class=\"zn-body__paragraph speakable\">Under the deal with its Chinese partner, Brilliance China Automotive Holdings, BMW (<a href=\"https:\/\/money.cnn.com\/quote\/quote.html?symb=BAMXF\">BAMXF<\/a>) will increase its stake in their joint venture by 25% to 75%.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hong Kong (CNN Business)BMW is racing ahead of other global automakers in China.The German company said Thursday that it will pay \u20ac3.6 billion ($4.2 billion) to take control of its business in China. It&#8217;s the first international carmaker to announce this kind of deal since the Chinese government moved earlier this year to relax ownership&hellip;<\/p>\n","protected":false},"author":10,"featured_media":17987,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-17986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world_news"],"_links":{"self":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/17986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17986"}],"version-history":[{"count":0,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/17986\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/media\/17987"}],"wp:attachment":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}