NO!!! Daimler, BMW Plan Cross-Ownership

[nando]

most likely fake. Just did a quick scan of the financial news and there were two BMW related stories, but nothing about any mergers. both companies are hurting but they are doing way better overall than the big boys (toyota, GM, ford, chrysler). the last report I saw BMW was down about 15% and daimler 20%, while the big companies are down 50-70%. Of course Chrysler still sells more cars in the USA in 1 quarter than BMW does in a year...

this was one of the stories posted btw

https://news.fidelity.com/news/news.jhtml?articleid=200903091051RTRSNEWSCOMBINED_TRE5283GA_1&NEWSTITLE=Swiss+banker+admits+blackmailing+BMW+heiress&IMG=Y&cat=Top.Investing.RT&srcIndex=1

[Edev]

Maybe BMW will look like BMW once again.

I REALLY cannot see this happen. Ever.

[Japandrew73]

no I think this is true. When i was in munich there was a bunch of newspapers with that picture of both logos. I of course couldn't read it, but that's probably what it said

[nando]

I of course couldn't read it, but that's probably what it said

oohhhh okay now i believe you. :roll:

[e34john]

Why do we care, all the BMWs I'll ever need/want are already built.

And it seems like a crappy way to have a safety net, but I don't know anything about how things work so it might be a good idea, I don't know.

[E30SPDFRK]

Better Mercedes than someone else.

[MazterDizazter]

Eww, I don't want MB tainting BMW with it's ideas... "Manual transmissions? Nahh, no one wants those anymore!" "Performance vehicles? Oh, is that where we develop a rediculously powerful engine and put it in a 5 ton brick with power-adjustable leather cupholders inside the trunk?"

God I hate Mercedes... Hopefully it won't be like Ford's partial stake in Mazda where they just steal all Mazda's cars and engines because they can't build any of their own for s**t.

[Jon325i]

most likely fake. Just did a quick scan of the financial news and there were two BMW related stories, but nothing about any mergers.

Same here, not much being bantered about in regards to this. Plus there are two words which ought to set off the alarm: Der Spiegel. Germany's version of the National Inquirer.

Jon

[Collin]

Better Mercedes than the french

fixed

[Ray Smoodiver]

The share prices of both BMW and Daimler jumped after this news.

[nando]

daimler was down 0.15 euros today, where the hell are you guys getting your news?

this was friday:
Carmaker Daimler said Friday that it expects to pay about $700 million in back taxes in mid-2009, with the payment expected to be cash-neutral. Additionally, the firm said that its Mercedes-Benz unit sold 72,200 vehicles in February, down 25% from the 96,800 vehicles it sold in the same month in 2007. Sales in China rose 17% to 3,000 units, while U.S. sales fell 24% to 14,200 passenger cars. Shares rose 5% in Frankfurt on Friday afternoon.

[blck325is]

Der apocalypse indeed.....

[chameleonleather]

The end times. It's a survival game out there.

[CleanAzzE30z]

All the BMWs I plan to ever own have been made already, so Im not trippin.


Mariano

[e30guy]

Here is an article to add on to what Yan wrote about the BMW and Daimler situation. There will be alot of "sharing" going on.

http://www.spiegel.de/international/business/0,1518,612249,00.html