Great Wall to build MINIs in China

Sources suggest that only electric models produced under the BMW-Great Wall joint venture will be built in Changshu. According to Reuters, the company's sales in China grew by 11.3 per cent a year ago.

BMW is China's second-largest premium brand, behind Audi. BMW is trying to stay ahead of third-place Daimler's Mercedes-Benz, which recorded 26.6 percent growth in China sales in 2016 thanks to a fresher model lineup.

However, BMW Group is facing the same financial headwinds as most other automakers as they transition to electrification. A spokesman for Great Wall declined to comment, saying the company will issue a formal statement later.

BMW is now considering another joint venture in China so that it can increase its production volumes and strengthen its electric vehicle presence in the market.

BMW already has a joint venture in China with local manufacturer, Brilliance China Automotive Holdings. Shares in Brilliance fell on Wednesday.

Credit Suisse Group Downgrades Eli Lilly and Company (LLY) to Neutral
RBC Capital Markets initiated Marinus Pharmaceuticals Inc (NASDAQ:MRNS) on Thursday, December 17 with "Outperform" rating. The company reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.06.

Analysts Set Cabot Oil & Gas Co. (COG) PT at $29.94
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Global Hunger Index: India down 45 ranks since 2014, situation 'serious'
However, he said that the on-going efforts are expected to make significant changes in improving the existing situation. The 2017 GHI scores show that the level of hunger in the world has decreased by 27% from the 2000 level.

The plans were first reported by Shanghai-based www.iautodaily.com earlier on Wednesday.

Thus far neither automaker has officially commented on the reports.

Last month it struck a deal to secure supplies of lithium, a mineral key for developing electric vehicles. Local media speculation of a tie-up with BMW sent its shares soaring 14% Wednesday, prompting suspension in trading. Additionally, rumours regarding Great Wall's interest in the Jeep brand have been circulating of late - though parent company Fiat Chrysler Automobiles (FCA) has already played down that idea.

The aim of the new partnership is so that BMW can increase production volumes and its market share in the EV segment.

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