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.May 26, 2004
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This Week:

• America's Favorite Convertible Company Drops Top on New 2005 Chrysler Crossfire

• Toyota Announces Prices For 2005 Echo

• The Sharan: A Long-Term Success Story

• BMW Group and Brilliance officially open Shenyang plant

• A Cross-Country Classic: 25 Years of the Mercedes-Benz G-Class

• Mazda Records Best April in 12 Years

• Saab Cars USA to relocate headquarters to Detroit

• Chrysler Group SUV Sales Humming Along in 2004

• Porsche extends its range of models

• Reclassification Of Four-Wheel Drive SUVs Reduces GM Protection Plan Pricing

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BMW Group and Brilliance officially open Shenyang plant

• Fundamental step in BMW Group market initiative

• 57% sales increase in Chinese Mainland up to April 2004
   

  Munich / Shenyang - The BMW Group and Brilliance China Automotive Holdings Limited today performed the Official Grand Opening Ceremony of their joint venture plant BMW Brilliance Automotive in Shenyang, the capital of the Liaoning Province in the North-East of the People's Republic of China. The BMW Group and its Chinese partner each hold a 50% share in the joint venture. A total of 450 million euros is to be invested by 2005. In the medium term, an annual production of around 30,000 BMW 3 Series and 5 Series vehicles is planned and the joint venture will employ approximately 3,000 staff.

Speaking at the event, Helmut Panke, Chairman of the Board of Management of BMW AG said: "The joint venture is a milestone for the BMW Group. With the Shenyang plant, we are very well prepared to meet future challenges here in China. We want to dedicate our efforts to China for the long term. I am convinced that together we will make this joint venture a success that both partners will notably benefit from."

Wu Xiao An, Chairman of Brilliance China Automotive Holdings Limited said: "Our cooperation with BMW is a crucial step for Brilliance. It signals the success of both our strategic partnership and the global vision of our company. The opening of the Shenyang plant will speed up both parties to move into the vast potentials of the fastest growing automotive market while giving many more Chinese consumers the opportunity to enjoy the renowned quality of BMW products."

The event was witnessed by Governor Zhang Wenyue of Liaoning Province, Mayor Chen Zhenggao of Shenyang and senior executives from both parties.

(May 20, 2004)