UPDATE 1-SGL, BMW to collaborate on urban concept car

Newswire

* BMW says use of carbon in Megacity vehicle considerable * JV to build two facilities in N. America, Germany * JV will invest 230 mln eur * SGL shares jump 6.2 percent (Adds details, background) FRANKFURT, Oct 29 (Reuters) - BMW set up a joint venture with carbon-fibre specialist SGL Group to build lightweight components for the premium car maker's Megacity electric vehicle concept, boosting SGL's shares. The new entity, 51 percent owned by SGL, will build two plants in North ...

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