INDIA: BMW plans to build cars locally - paper
BMW is gearing up for a manufacturing joint venture in India, the fourth-largest car market in Asia, according to the Calcutta-based Telegraph newspaper. The paper reported that BMW senior vice-president Lueder Paysen said in Singapore that the company has opened talks with Indian firms for a possible venture though he refused to disclose the name of the prospective partner beyond saying that a decision will be taken in six months.
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