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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