Quandt family “kills” the BMW – Daimler deal

News | March 18th, 2009 by 5
bmw mercedes

Earlier last week, we reported the possibility of cooperation between BMW and Daimler, a deal that involved share swapping up to 7%. We were very …

bmw mercedes 498x215

Earlier last week, we reported the possibility of cooperation between BMW and Daimler, a deal that involved share swapping up to 7%. We were very reluctant to believe that the deal will actually go through since the first rumors around the deal mentioned that it was missing the seal of approval from Quandt family, BMW’s largest shareholder.

Quandt family owns 46% controlling stake and it is very involved in the day-to-day operation through Suzanne Quandt. Over the course of last six months, we also learned about a cooperation between BMW and Mercedes Benz (Daimler owned) which involves purchasing of common component, sharing lithium-ion technology  and also the development of new engines together e.g hybrid and a possible V12.

The German media Der Spiegel confirmed today that the shares swap deal has been “killed” by the Quandts over fear of a hostile takeover by Daimler.

The companies will continue to work together on a smaller scale, but no further solid information have been provided.

[Source:Der Spiegel via MotorAuthority ]

5 responses to “Quandt family “kills” the BMW – Daimler deal”

  1. Joe says:

    Good I hate Mercedes…

    • Troy says:

      Why do you hate Mercedes?. Mercedes has nothing to do with the deal, it is “Daimler” Benz’s parent and the inventors of the automobile. You should not hate Mercedes for they have done nothing to you. Without Gottlieb Daimler & Karl Benz there would be no cars. You have a lot to be thankful for with Mercedes-Benz, for there would be no BMW cars if it wasn’t for Mercedes.

      There is no other car manufacturer quite like Mercedes-Benz. With a storied history unlike any other, beginning from quite literally the very birth of the automobile, they are in a league of their own. Regardless of your personal prejudices towards certain auto makers, the longer you are involved with in the car scene, the more you realize you owe to Mercedes.

      If it hasn’t yet, at some point it will eventually hit you; there is, essentially, Mercedes-Benz, and then there is every other company that has ever made a car.

  2. Ale says:

    “Quandt family owns 46% controlling stake and it is very involved in the day-to-day operation through Suzanne Quandt”

    Absolutely, I think its Stefan Quandt who is more involved with BMW. He is Deputy Chairman in the Supervisory Board.

  3. s@sh says:

    I first understood this as “Quandt family “kills” the BMW…. …- Daimler deal” and became very disappointed that BMW will be took up by Daimler. Then I reread this and understood meaning of article right.

Leave a Reply

Your email address will not be published. Required fields are marked *

BMWBLOG

NEWSLETTER