Daimler, BMW Plan Cross-Ownership

[Sherlene]

BMW and Daimler will both take a 7 percent stake in each otherAccording to German magazine Der Spiegel, BMW and Daimler are working on a plan to swap shares in order to shore up their businesses during one of the most severe downturns the automotive industry has ever seen.The deal calls for BMW to take [...]

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[BorisRS]

Re: Daimler, BMW Plan Cross-Ownership

This is a bizzare one! A bit like man united and liverpool combining to win the champions league!