BMW expects to save about 100 million euros by cooperating with Daimler
By Andrew, 01 Sep, 2010. 0 Comments
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Bmw announced today that it expects a purchasing cooperation with its main German rival Daimler AG, in order to save almost 100 million euros ($126 million) a year from 2012/2013. "We are satisfied with the cooperation. That will pay off over the years," said Herbert Diess, Bmw’s procurement chief. Bmw and Daimler already buy together a double-digit number of components to get better prices and now the carmakers are looking to cut costs by building scale. For those who don’t know., Bmw ia also mulling options for a purchasing tie-up with French PSA/Peugeot-Citroen SA. PSA/Peugeot-Citroen currently supplies diesel engines for Bmw AG’s MINI brand. Regarding new partnerships beyond these two, Diess said two are enough. [via autonews - sub. required]
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