Fiat, BMW, Renault gain after China relaxes ownership rule [Seeking Alpha]
FIAT CHRYSLER AUTO NV (FCAU)
Last fiat chrysler auto nv earnings: 2/6 06:58 am
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Source: Seeking Alpha
Fiat, BMW, Renault gain after China relaxes ownership ruleShares of Fiat Chrysler (NYSE:FCAU) areup 3.40% premarket after China relaxes foreign ownership rules.Analysts see additional opportunities for Fiat to benefit through the concession from Beijing as it doesn't only apply to electric vehicles.Renault (OTC:RNSDF,OTCPK:RNLSY) and BMW (OTCPK:BMWYY) are bothup about 1% in European trading.Previously:China scraps foreign auto ownership caps (April 17)Click to subscribe to real-time analytics on BMWYYNow read:Fiat Chrysler: Is This Still A Buy? »
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