Tesla Motors Inc (NASDAQ:TSLA) has announced it is in discussions with German automaker Bayerische Motoren Werke AG (ETR:BMW) for possible collaboration regarding car parts and batteries. An earlier report by Reuters, citing an interview of Tesla CEO Elon Musk with Der Spiegel, a German weekly, related that alliance is being sought in areas of lightweight…
Bayerische Motoren Werke AG (BMW) Worried About Slowing Growth Rate And Demand In China
The high-growth Chinese premium car market seems to be stabilizing according to Bayerische Motoren Werke AG (ETR:BMW)’s China Head. The premium automaker is all set to maximize local production for double-digit growth. At the same time, the competition in the luxury car segment is on the rise with Ford Motor Company (NYSE:F) introducing Lincoln brand…