However, due to the join-ventures established in China such as FAW-VW which was the first foreign car manufacturer in China (1982) the technology have gradually become better. ... Regarding joint ventures, foreign partners' ownership used to be restricted to 50% but this policy has now been abolished. ... For BMW's targeted segment, the wealthy and high-income segment, the competition in essence comes from the joint-ventures producing Audi A6, Volkswagen Passat, Honda Accord and Mercedes cars. ...

• Word Count: 5026
• Approx Pages: 20
• Has Bibliography
• Grade Level: High School