Toyota Denies BMW Purchase Plans

Ford, General Motors and Volkswagen AG have all been rumored to be considering a takeover
of Germany’s BMW AG. Recently, German newspaper Bild am Sonntag reported that
Japan’s Toyota Motor Corporation was the latest firm interested in buying BMW. Toyota
denied it was planning to buy BMW, although the newspaper reported the Quandt family (which
owns 48 percent of BMW) has been upset with BMW, due to its purchase of Britain’s
money-losing Rover group.

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