In a surprising move VW announced today that it has bought an 8% stake in SGL – BMW’s partner in its recent carbon fiber investment. According to Automotive News it’s come to a shock to BMW. Here’s a quote:
“VW did not tell us about it. We weren’t warned in advance,” Norbert Reithofer, CEO of BMW, told reporters on Tuesday during the Geneva auto show.
Carbon fiber is a key part of BMWi’s forthcoming products. So is there trouble brewing? VW claims they won’t raise the stake more than 10%. But didn’t they say that about Porsche?
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