siness, which owns channels like Direct 8 and Direct Star. The value of Bollore Group's television business, a unit of French industrial group Bollore SA (BOL.FR), is estimated at EUR465 million. Canal+, which is controlled by French media group Vivendi SA (VIV.FR), will take over opid both sales and orders were positive in August, driven by emerging markets. He said BMW's plants are still running full steam to keep up with rising demand and to reduce delivery times. Premium car makers were hard hit when demand fell sharply amid tightening credit markets in 2008, but the industry staged a faster-than-expected recovery and has been posting record sales and profits in recent quarters. BMW is the world's best-selling luxury car maker, ahead of Volkswagen AG's (VOW.XE) Audi brand and Daimler AG's (DAI.XE) Mercedes-Benz marque. Eichiner said BMW's financial services division is much more robust than it was when demand contracted sharply in 2008. The potential risks related to BMW's leasing business and residual values are smaller, production can be adjusted flexibly and cost structures have been streamlined since the last downturn. "We would certainly not post a loss in our auto operations if there was another crisis like the one in 2008," Eichiner said. He reiterated that BMW aims to decide on a new production facility in Brazil by the end of this year. The decision about an additional plant in an emerging market country is likely to be made next year. BMW will present the upcoming electric cars i3 and i8 at the Frankfurt auto show next week, tog. Marchionne added that car makers in the developed world are "totally ill-equipped to deal with China as a market and to deal with policy changes that come out of Beijing." Chinese automakers will have a huge competitive advantage due to the scale of their market, and the capital efficiencies that will bring, he said. Excluding China, there will eventually be only five large car makers in the developed world, Marchionne said, each producing 5 million to 6 million cars a year and sharing car designs and architecture globally. Chrysler and Fiat will together be the world's fifth-largest car maker this year, Marchionne said. Without combining their operations, neither car maker will last in the new period of consolidation, Marchionne said. Fiat took a controlling 53.5% position in Chrysler in July by purchasing ownership stakes the U.S. and Canadian governments acquired when providing bailout loans for the car manufacturer during the financial crisis. As the Italian automaker steadily increased its Chrysler holdings this year, Marchionne began discussing the idea of merging Fiat and Chrysler this year into a single, global group that would have the scale to compete with larger competitors such as General Motors Co. (GM), Volkswagen AG (VLKAY) and Toyota Motor Corp. (TM). Marchionne said that Fiat and Chrysler made a good combination because Fiat needs the U.S. as a market, and Chrysler needs Fiat's expertise in designing small engines in order to meet coming U.S. fuel-efficiency standards, and to broaden its business through Fiat's distribution network in South America. Chrysler will sell about 2.4 million cars next year and make more than $3 billion in profits, Marchionne said. Fiat and Chrysler together will sell about 4.2 million cars together this year, making them the world's fifth largest automaker when considered as one entity. Marchionne said the U.S. auto industry had suffered in recent years because they were more focused on gaining profits from their financial arms rather than improving the profitability of their car-making operations, which he said in many cases fell into "industrial neglect." "We had lost sense of what our ultimate objective wa