Vw buys 8.2 percent stake in Bmw's carbon fiber partner SGL

BMW AG was surprised by Volkswagen AG's acquisition of an 8.2 percent stake in carbon fiber specialist SGL Carbon, which is BMW’s partner. The move indicates a possible conflict between the automakers. At the Geneva Motor Show, BMW CEO Norbert Reithofer told reporters that VW did not inform BMW ahead of the purchase. SGL and BMW had planned an
Read Article

cs4444 - 3/2/2011 4:33:11 PM

+3 Boost

BMW is building a carbon fiber plant with SGL in Washington state. I guess BMW has an eye for good investments, if VW wants a piece.

uhn2000 - 3/2/2011 11:14:41 PM

+1 Boost

Honestly call me crazy but VW is turning into the old Ford.. lets see if they can sustain this.

internationalmanofmystery - 3/3/2011 9:23:09 AM

+1 Boost

VW - the mafia of the car business? Ha-ha

BimmersNme - 3/3/2011 10:09:41 PM

+2 Boost

Let's see how BMW will react to that.