FRANKFURT, July 25 (Reuters) - German carmakers BMW and Daimler will expand their cooperation in purchasing automotive components, a BMW board member told German magazine WirtschaftsWoche on Saturday.
Up to 10 percent of a car's components can be purchased jointly by the two companies without damaging their brand names, Herbert Diess said.
Mechanical systems, wheels and tyres are some of the items the two are buying jointly, he added.
Diess said BMW is expected to achieve its goal to save 4 billion euros ($5.68 billion) in purchasing expenditures by 2012 and might even exceed this amount.
(Reporting by Marilyn Gerlach; editing by James Jukwey) ($1=.7043 Euro) Keywords: BMW/DAIMLER (Reuters Messaging: marilyn.gerlach.reuters.com@reuters.net; 00 49 69 7565 1279) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Up to 10 percent of a car's components can be purchased jointly by the two companies without damaging their brand names, Herbert Diess said.
Mechanical systems, wheels and tyres are some of the items the two are buying jointly, he added.
Diess said BMW is expected to achieve its goal to save 4 billion euros ($5.68 billion) in purchasing expenditures by 2012 and might even exceed this amount.
(Reporting by Marilyn Gerlach; editing by James Jukwey) ($1=.7043 Euro) Keywords: BMW/DAIMLER (Reuters Messaging: marilyn.gerlach.reuters.com@reuters.net; 00 49 69 7565 1279) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.