THE BMW Group and Sime Darby Bhd have formed a joint venture, BMW Malaysia Sdn Bhd, to take over the wholesale functions related to sales of BMW vehicles in the country currently handled exclusively by Auto Bavaria Sdn Bhd.
The German luxury car maker has a 51% stake in BMW Malaysia. The remaining 49% of the joint venture is held by Auto Bavaria, a wholly-owned subsidiary of Tractors Malaysia Holdings Bhd, in which Sime Darby has a 71.7% equity interest.
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