BMW for sale? That’s absolute rubbish

Of the many rumors that pop-up every now and then in the automotive industry, one that seems to come up most often is that BMW is up for grabs by the Quandt family. The Quandt family owns 46.6 percent of Bayerische Motoren Werke.

Last week, BMW shares jumped 2.5 percent due to a rumor that the Quandt family was in talks with investors from China and the Middle East about a possible sale.

“That’s absolute rubbish,” a spokesman for the family said. “I have no idea where in the world that’s coming from.”

Johanna Quandt and her two children, Stefan and Susanne, are the three surviving kin of Herbert Quandt, who became the dominant investor in BMW in the 1960s.

 

Source: Automotive News (Subscription Required)

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