BMW CEO says sees no need for BMW to participate in large-scale M&A

Industry:    2020-03-20

German carmaker BMW will not engage in large merger and acquisition deals, even if the coronavirus crisis adds pressure on companies to share costs, Chief Executive Oliver Zipse said on Thursday.

“There is currently no sense, or need, to do any M&A activities on the top level of the industry,” Zipse said, adding that there may be opportunities to expand the carmaker’s expertise in certain components or competencies.

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