Beijing Auto investigating three European automakers for possible takeover

Beijing Automotive Group has said it plans to sell 400,000 units in markets outside of China by 2020. In order to accomplish this goal, the company intends to acquire a "medium-sized" European automaker with a good brand image for a takeover. Right now, Bloomberg indicates that BAIC has identified three unnamed potential candidates, and says that it wants to move while the European economy is still sluggish. Buying an existing automaker makes sense, as doing so will allow BAIC to hit the ground running with existing manufacturing and dealer networks.
This isn't the first time Beijing Auto has turned out of country.

Autoblog , Beijing Auto investigating three European automakers for possible takeover, Beijing Auto investigating three European automakers for possible takeover