BMW has not ruled out takeovers

BMW, who currently owns Rolls-Royce and the MINI line, has not ruled out taking over other auto makers as a part of a new strategy. Details of BMW’s new strategy will be given later this year according to Stefan Krause, chief financial officer at BMW.

“The possibility (of acquisitions) is not ruled out in principle,” Krause said in an interview with German newspaper, Börsen-Zeitung. Krause did not name any possible future acquisitions BMW may have in mind.

BMW was previously rumored to be in talks with Ford in acquiring its Volvo Car Corporation. Ford later denied those reports and said that Ford and BMW are not in any discussions regarding the interest in Volvo.

Krause said that BMW’s new CEO, Norbert Reithofer, is developing and working out his new strategy which includes new products, currency hedging, improving production efficiency and collaboration on developing and fuel-efficient engines.

Source: Automotive News (Subscription Required)

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