BMW Says Big Industry Investments May Spur Consolidation

One America News Network | 11/9/2016 | Staff
moni (Posted by) Level 3
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GENEVA (Reuters) – BMW CEO Harald Krueger said the big investments needed for next-generation drivetrains and digital business models were likely to spur further consolidation in the wake of PSA Group’s purchase of Opel from General Motors.

“The investments that are needed and whether every company has the resources … remains to be seen,” Krueger told journalists at the Geneva motor show.

Everybody - Challenge - Focus - Electro-mobility - Digitalization

“For everybody the challenge is huge, with the focus on electro-mobility, digitalization and autonomous driving,” he said.

“We are large enough that we can fund our future investment needs on our own,” Krueger said, adding smaller companies may need to find new partners, a step that could lead to more deals.

Takeovers - Mergers

But takeovers and mergers are difficult to pull off, he said.

“The backbone of a...
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