BMW is not worried about VW's SGL stake, CFO says

It’s a bit surprising that BMW isn’t all that worried about Volkswagen’s move to take a stake in SGL Group, the carbon fiber supplier that is BMW's joint venture partner. In a Reuters’ interview, BMW Chief Financial Officer Friedrich Eichiner said that the company is “open” and would welcome all automakers
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JRobUSC - 8/1/2011 6:46:09 PM

+3 Boost

why would BMW care? They bought a controlling stake in SGL -- anything VW or another automaker does in conjunction with SGL just makes BMW more money. I'm sure they'd be more than happy to supply Audi or VW or Lamborghini or whoever with all their carbon fiber needs.

MeanVulcan - 8/2/2011 11:36:45 AM

-2 Boost

Any holding partner makes profit - proportional to their share. Very simple.

pepito66 - 8/2/2011 11:09:42 AM

+2 Boost

BMW is too powerful and smart to lost their primary position on everything.

MeanVulcan - 8/2/2011 11:37:17 AM

-2 Boost

With the arrogance to match.