Daimler, BMW Plan Cross-Ownership

footie · 03-09-2009, 11:40 AM

According 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 a 7 percent stake in Daimler and for Daimler to also take the same share in BMW stock. The Quandt family, one of Germany's richest dynasties which owns 46 percent of BMW, are opposed to the deal but cannot stop it. The family fears that Daimler will attempt a takeover of BMW as they did previously with Chrysler after first calling the DaimlerChrysler deal a "merger of equals."

The two premium automakers, both hit hard by the current crisis in the industry, will also shortly announce a plan to cooperate on purchasing components, in a move that will save both companies hundred of millions of euros in the short-term.

Der Spiegel also reported that the German government has been informally approached and asked to look at whether there are any anti-trust issues with the deal.

Los Angeles · 03-09-2009, 01:01 PM

hahahaha

Merc is going to own BMW.

DELTA BMW · 03-09-2009, 01:32 PM

Quote:

Originally Posted by footie

According 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 a 7 percent stake in Daimler and for Daimler to also take the same share in BMW stock. The Quandt family, one of Germany's richest dynasties which owns 46 percent of BMW, are opposed to the deal but cannot stop it. The family fears that Daimler will attempt a takeover of BMW as they did previously with Chrysler after first calling the DaimlerChrysler deal a "merger of equals."

The two premium automakers, both hit hard by the current crisis in the industry, will also shortly announce a plan to cooperate on purchasing components, in a move that will save both companies hundred of millions of euros in the short-term.

Der Spiegel also reported that the German government has been informally approached and asked to look at whether there are any anti-trust issues with the deal.

yet when you go to buy a BMW there business is great and you can pay sticker...LMAO!!

Down here they told me it was there biggest used car month EVER!!! I said BULLSHIT!!!

vAnt826 · 03-09-2009, 03:27 PM

Wow.

Crimson92 · 03-09-2009, 04:11 PM

interesting

in5ane_3 · 03-09-2009, 04:19 PM

I'm interested to see in what actually happens.

lyndon_h · 03-09-2009, 04:48 PM

Bbbbbbb but only GM is having problems.

Seriously, this is bad. Say goodbye to the sports sedan and hello to the 5000lbs tank with 3 motor configs:
1. an underperforming V6
2. an underperforming V8
3. a blown rocket engine

Crimson92 · 03-09-2009, 05:22 PM

Quote:

Originally Posted by lyndon_h

Bbbbbbb but only GM is having problems.

Seriously, this is bad. Say goodbye to the sports sedan and hello to the 5000lbs tank with 3 motor configs:
1. an underperforming V6
2. an underperforming V8
3. a blown rocket engine

1. their underperforming v6 gets great mileage and has good pickup.
2. their underperforming v8 hauls ass.
3. that rocket engine hauls ass

mpower03 · 03-09-2009, 05:29 PM

Quote:

Originally Posted by Crimson92

1. their underperforming v6 gets great mileage and has good pickup.
2. their underperforming v8 hauls ass.
3. that rocket engine hauls ass

lol your right tho.

blue2fire · 03-10-2009, 03:59 AM

Quote:

Originally Posted by lyndon_h

Bbbbbbb but only GM is having problems.

Seriously, this is bad. Say goodbye to the sports sedan and hello to the 5000lbs tank with 3 motor configs:
1. an underperforming V6
2. an underperforming V8
3. a blown rocket engine

Yeah, right.

blue2fire · 03-10-2009, 04:03 AM

Seriously, it is good to know that Daimler is on the search for a new company to mess up after the Chrysler malarkey (Which they almost had to pay Cerberus to get rid of).

DougLikesBMW · 03-10-2009, 10:40 AM

Stay away from us Merc. You guys suck for a reason.

Crimson92 · 03-10-2009, 11:07 AM

Quote:

Originally Posted by DougLikesBMW

Stay away from us Merc. You guys suck for a reason.

no doug, no...bad doug

in5ane_3 · 03-10-2009, 12:09 PM

Quote:

Originally Posted by Crimson92

1. their underperforming v6 gets great mileage and has good pickup.
2. their underperforming v8 hauls ass.
3. that rocket engine hauls ass

Agree, agree and agree. Their engines are great.

ejazbmw · 03-10-2009, 12:30 PM

maybe merc can do something for bmw since all the new mercs are looking nice while bmw is starting to out of date. I just hope they don't touch the performance aspect of the cars if this really does happen

FStop7 · 03-10-2009, 12:52 PM

Quote:

Originally Posted by Crimson92

1. their underperforming v6 gets great mileage and has good pickup.
2. their underperforming v8 hauls ass.
3. that rocket engine hauls ass

In a straight line, maybe.

Mercs are so poorly balanced, it's a joke. I don't think they actually have any chassis engineers on staff, at least not at AMG.

Crimson92 · 03-10-2009, 12:54 PM

Quote:

Originally Posted by FStop7

In a straight line, maybe.

Mercs are so poorly balanced, it's a joke. I don't think they actually have any chassis engineers on staff, at least not at AMG.

im not suprised on this comment coming from a fellow M owner

FStop7 · 03-10-2009, 12:58 PM

So I should lie then? They have shitty slushbox automatic transmissions and they handle like dogshit, I've driven the E55, E63, SL55, and C63. Same shit, different day. They're vague and awkward, tail happy and horrible through corners. The only decent handling car they make that costs less than _$300,000_ is the CLK63 Black.

Crimson92 · 03-10-2009, 01:15 PM

Quote:

Originally Posted by FStop7

So I should lie then? They have shitty slushbox automatic transmissions and they handle like dogshit, I've driven the E55, E63, SL55, and C63. Same shit, different day. They're vague and awkward, tail happy and horrible through corners. The only decent handling car they make that costs less than _$300,000_ is the CLK63 Black.

ok

1013mm · 03-10-2009, 01:36 PM

awww f@ck....

03-09-2009, 11:40 AM	#1
footie Major General 1109 Rep 8,013 Posts Drives: i5M60 Join Date: Oct 2007 Location: No where fast iTrader: (0) Garage List 2024 BMW i5M60 [0.00] 2022 BMW i4M50 [0.00] 2020 BMW M5 Competi ... [0.00] 2008 E92 M3 [0.00]	Daimler, BMW Plan Cross-Ownership According 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 a 7 percent stake in Daimler and for Daimler to also take the same share in BMW stock. The Quandt family, one of Germany's richest dynasties which owns 46 percent of BMW, are opposed to the deal but cannot stop it. The family fears that Daimler will attempt a takeover of BMW as they did previously with Chrysler after first calling the DaimlerChrysler deal a "merger of equals." The two premium automakers, both hit hard by the current crisis in the industry, will also shortly announce a plan to cooperate on purchasing components, in a move that will save both companies hundred of millions of euros in the short-term. Der Spiegel also reported that the German government has been informally approached and asked to look at whether there are any anti-trust issues with the deal.
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03-09-2009, 01:01 PM	#2
Los Angeles Steve Forte Rio 149 Rep 2,393 Posts Drives: 08' 328i Join Date: Aug 2007 Location: 90036 iTrader: (0)	hahahaha Merc is going to own BMW.
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03-09-2009, 03:27 PM	#4
vAnt826 Major 63 Rep 1,417 Posts Drives: E92 M3 Join Date: Nov 2006 Location: Seattle iTrader: (3)	Wow.
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03-09-2009, 04:19 PM	#6
in5ane_3 Lieutenant General 252 Rep 16,220 Posts Drives: M3 Join Date: Aug 2008 Location: Sun Valley, California iTrader: (3)	I'm interested to see in what actually happens.
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03-09-2009, 04:48 PM	#7
lyndon_h Lieutenant Colonel 40 Rep 1,917 Posts Drives: e90 Join Date: Jan 2007 Location: Madagascar iTrader: (2)	Bbbbbbb but only GM is having problems. Seriously, this is bad. Say goodbye to the sports sedan and hello to the 5000lbs tank with 3 motor configs: 1. an underperforming V6 2. an underperforming V8 3. a blown rocket engine
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03-10-2009, 10:40 AM	#12
DougLikesBMW Fapmin 399 Rep 2,660 Posts Drives: '03 E46 330Ci Join Date: Mar 2007 Location: Plano, Texas iTrader: (0)	Stay away from us Merc. You guys suck for a reason.
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03-10-2009, 12:30 PM	#15
ejazbmw blahhh 302 Rep 6,355 Posts Drives: 2014 M235I Join Date: Apr 2007 Location: NJ/NY iTrader: (7)	maybe merc can do something for bmw since all the new mercs are looking nice while bmw is starting to out of date. I just hope they don't touch the performance aspect of the cars if this really does happen
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03-10-2009, 12:58 PM	#18
FStop7 I like cars 329 Rep 5,052 Posts Drives: M6 Join Date: Oct 2008 Location: Newbury Park, CA iTrader: (3)	So I should lie then? They have shitty slushbox automatic transmissions and they handle like dogshit, I've driven the E55, E63, SL55, and C63. Same shit, different day. They're vague and awkward, tail happy and horrible through corners. The only decent handling car they make that costs less than _$300,000_ is the CLK63 Black. __________________ My photostream: http://www.flickr.com/photos/racelap/
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03-10-2009, 01:36 PM	#20
1013mm aka 1013MM 1249 Rep 9,545 Posts Drives: pokingly flush Join Date: Jan 2009 Location: Los Angeles / HK iTrader: (7) Garage List 2009 135i [8.26]	awww f@ck.... __________________ -John Project YOSHI Sale Thread
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