Autoblog

BMW is expected to release its new corporate strategy later this year, and when it does, it might include expanding to swallow up some more brands. What those brands might be has not been revealed, although reports indicate that the Bavarian automaker could be looking to take over Volvo cars from Ford's rapidly disintegrating Premium Auto Group, which has also recently shed Aston Martin and may be prepared to offload Jaguar and Land Rover, as well.

Munich has had varied success with expanding its family tree. It's had seven years to recuperate from the Rover Group fiasco, and would evidently be hoping for more success along the lines of its MINI and Rolls Royce ventures.

[Source: Börsen-Zeitung via Motor Authority]

Take this for what it is, a rumor about which General Motors and DaimlerChrysler have refused to comment. According to a report today in German magazine Manager Magazin, DaimlerChrysler is in talks to sell its Chrysler Group division to GM. The magazine cites sources within DaimlerChrysler as saying that talks are in full swing but at an early stage. Dieter Zietsche, CEO of DaimlerChrysler, refused to comment on the report when asked at this morning's press conference where the company's Recovery and Transformation plan, a.k.a. Project X, was announced.

So neither side is talking about whether such talks exist, which leads one to speculate that there's some truth to these rumors. GM, however, would not seem to be in a position to purchase a rival domestic automaker with numerous competing products considering that it's just beginning to emerge from its own turnaround and restructuring plan. What's more, we can't imagine the complexities GM would encounter trying to absorb Chrysler's union workforce.

We bet DaimlerChrysler and GM are talking about something, but wouldn't put money on the subject being the wholesale purchase of the Chrysler Group.

Thanks to all who tipped on this!

[Source: Yahoo.biz]