BMW?s board chairman Norbert Reithofer has put paid to speculation that the German company plans to buy Volvo.
Speaking at the Frankfurt motor show he commented "Let's put it this way, BMW is known as a rear-wheel-drive car company, a certain Swedish manufacturer makes front-wheel-drive cars, so where are the synergies?".
Instead Reithofer reckons that BMW are better off with joint technology ventures, particularly in engine development, which should enable them to reach the EU's targets of reducing their cars' average CO2 emissions by 25 per cent between 1995 and 2008.
http://motoring.reuters.co.uk/reuters/vocmain.jsp?lnk=101&id=2387
Speaking at the Frankfurt motor show he commented "Let's put it this way, BMW is known as a rear-wheel-drive car company, a certain Swedish manufacturer makes front-wheel-drive cars, so where are the synergies?".
Instead Reithofer reckons that BMW are better off with joint technology ventures, particularly in engine development, which should enable them to reach the EU's targets of reducing their cars' average CO2 emissions by 25 per cent between 1995 and 2008.
http://motoring.reuters.co.uk/reuters/vocmain.jsp?lnk=101&id=2387
