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      10-14-2010, 11:36 AM   #1
Jason
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Post BMW CEO Denies GM Partnership Discussions

It was recently rumored that BMW was in discussions with General Motors regarding a potential partnership to develop engines. However, BMW CEO Norbert Reithofer said yesterday that BMW has had absolutely no discussions with General Motors regarding any cooperative efforts.

Quote:
SPARTANBURG, South Carolina (Reuters) -- BMW AG CEO Norbert Reithofer said on Wednesday that the German automaker has not had discussions with U.S. automaker General Motors Co.

German business newspaper Handelsblatt had reported that BMW and GM had informal contacts about possible closer cooperation. BMW, GM and Daimler have cooperated on hybrid technology in the past.

"Absolutely no discussions ... not on our end," Reithofer told reporters during an event at BMW's plant in Spartanburg. "I don't know where it comes from."

BMW has been in discussions with automakers about engine development. In late September, money-loing Swedish carmaker Saab and BMW announced a deal allowing Saab to use the German automaker's four-cylinder 1.6-liter turbocharged gasoline engines in next-generation vehicles starting in 2012.

Source: Reuters
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