Lodging Planner for Lake Tahoe Weekend Run - May 18 - 19, 2024

Saturday and Sunday overnight run to South Lake Tahoe. Enjoy the backroads, less traveled, and even more scenic than your usual run up the f...

Quandt Family Rejects BMW Daimler Share Swap

Last Sunday we reported on the prospective 7% share swap in the works between BMW and Daimler. Today, edmund's Inside Line reports that the Quandt family, owners of 46% of BMW's stock, have quashed reports of the share swap over concerns that Daimler would attempt to control the new entity. Instead, Der Spiegel writes the companies now plan to cooperate on a much smaller scale, beginning with a joint parts-procurement deal that could net millions of dollars in savings for both. The two firms are also part of a global consortium, along with General Motors, developing hybrid powertrains and components. Der Spiegel says the BMW-Daimler negotiations are like "two porcupines trying to exchange tender caresses."