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May 07, 2019 06:38 AM

BMW CEO rules out taking Daimler stake as part of deeper alliance

Edward Taylor
Reuters
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    Krueger made the comments as BMW and Daimler continue talks on how to deepen their cooperation.

    FRANKFURT -- BMW CEO Harald Krueger said there are no plans for the automaker to take a stake in rival Daimler as the two companies continue talks on how to deepen cooperation in the area of autonomous vehicles.

    BMW and Daimler are cooperating in the area of mobility services, joint procurement of components and development of autonomous vehicle technologies.

    Upon being asked whether the multi-billion euros alliance between the two German automakers could include taking a small stake in Daimler, Krueger said, "I can rule that out."

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