VW, BMW, Daimler set to gain from China removing ownership caps

VW, BMW, Daimler set to gain from China removing ownership caps https://ift.tt/2HItZrV including VW, BMW and Daimler are set to find it easier to manufacture and do business in China after the government said it will allow foreign automakers to own more than 50 percent of local ventures, removing a two-decade restriction.