BMW says not worried about VW's SGL stake

Newswire

FRANKFURT, July 29 (Reuters) - BMW's Chief Financial Officer on Friday said he was "not at all concerned" by Volkswagen taking a stake in carbon fibre supplier SGL Group , BMW's joint venture partner. "We are open. Another auto maker who helps to lift volumes and economies of scale is always welcome," finance chief Friedrich Eichiner told Reuters on the sidelines of an event to launch the electric inner city vehicle i3. Volkswagen surprised BMW in February by acquiring an 8 percent stake ...

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