BMW says to lift China plant capacity by 45 percent
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BMW , the world's biggest  premium car maker, will raise its production capacity at its  Chinese factory by 45 percent over the next few months to as  many as 44,000 cars a year, a top executive said on Thursday.
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Steel makers in Germany expect production to rise to a new record of 47 million tonnes in 2005, beating this year's output of 46.5 million tonnes in the face of booming worldwide demand, the German steel makers' federation said.
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The research by Roland Berger, a Munich-based business consultancy, reinforces the rapid strides made in recent years by China as an important base for global manufacturing.
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Toyota Motor and Chinese partner Guangzhou Automobile reportedly will invest 3.8 billion yuan ($US459 million) to build a new plant in China, with an annual production capacity of 100,000 vehicles.
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BMW , the world's largest premium carmaker, expects record vehicle sales and greater efficiency to help boost its pretax profit in 2007 beyond last year's underlying result, it said on Wednesday.
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China on Wednesday raised the proportion of deposits that banks must hold in reserve for the eleventh time since the start of 2007, extending a long-running campaign to mop up excess cash in the banking system.
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BMW, the world's largest premium  carmaker, posted a 0.5 percent rise in group sales to 94,276  vehicles in January, the company said on Wednesday while  forecasting continued growth this year.
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Airbus plans to source more parts for its planes from China and to establish an engineering base there, the head of the plane maker&#39;s Chinese operations said yesterday.
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Honda Motor Co. (7267.T) will build a  second car plant in Thailand and a new motorcycle factory in  Vietnam as well as boosting capacity in other regions to meet  growing demand abroad even as the Japanese market shrinks.
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BMW , the world&#39;s largest  premium car maker, said on Tuesday it sold 38 percent more cars  in mainland China in the first half of 2007, as the country&#39;s  growing ranks of nouveau riche snapped up the latest models.
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MUNICH, Germany  - BMW would be prepared to supply a rival Formula One team with engines if requested, team boss Mario Theissen said on Monday.
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Tokyo - Japanese car manufacturer Honda said Monday it would spend $340 million to quadruple capacity at its joint plant with Dongfeng Motor in Wuhan, China, to 120 000 units by 2006.
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Intel Corp. has received approval to build a $2.5 billion chip plant in China amid booming Chinese demand for chips used in personal computers and mobile phones, the government said Tuesday.
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Beijing - China planned to boost the development of its nuclear power industry to help meet its growing need for electricity as it made a strategic shift in focus away from coal, an official said yesterday.
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The Chinese government has given Intel permission to build a $2.5 billion chip-manufacturing plant in Dalian, on China's northeastern coast.
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International Business Machines Corp. is reaping the rewards of a decade-long push into China's business computer industry and is eyeing upward of a 50-percent market share, its country head said.
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BMW, the German automaker, said its profit rose 28 percent in 2006, helped by strong car sales and a one-time gain from the sale of a stake in Rolls-Royce, the British aircraft engine manufacturer. The company, which is based in Berlin, said it was seeking approval from its board to buy back up to 10 percent of its stock and said it would increase dividends. Net profit climbed to 2.87 billion euros ($3.77 billion) from 2.24 billion euros the previous year.