motorcycle bmw
Bmw Transfers 50% stake in Chrysler
German carmaker Bavarian Motor Works (BMW) announced Thursday that it has transferred its 50 per cent in the engine joint venture Brazilian Tritec Motors Limitada to DaimlerChrysler's Chrysler Group division.
As for the agreement, which requires regulatory approval, BMW did not give financial details.
In a statement, the automaker said the Chrysler Group has assumed the responsibility for exploring long term options for the Tritec operations. Thus, all possible alternatives for further activities for the long term are being analyzed and evaluated. The sale may include a facility to third.
Tritec, established in 1997, produced 1.4 and 1.6 liter four-cylinder gasoline engines for BMW Mini and some models Chrysler. In January 2000, its production scale began. The statement said that the capacity of the plant's annual production of nearly 250,000 units.
A spokesman for BMW said that the company would replace the motors with those made through its alliance with the French engine manufacturer PSA.
About BMW
Along with its automotive concerns, the BMW Group is composed of the development, production and marketing of motor vehicles and motorcycles. It is also in financial services.
The BMW Group is the sole automaker in the world to adopt a purely premium all market sectors covered by its brands, exclusive smaller cars to luxury limousines luxury. His car brands BMW, MINI and Rolls-Royce Motor Cars. The It also manufactures parts BMW 318i .
As for motorcycles, BMW also uses "Premium" as a keyword. The Group's strategy is to develop and build the best bikes, set standards in technology, protection Environmental and safety, and provide exceptional customer service in the pre-and post-sales phases.
The group perceives also provides financial services as a key factor for success in the mobile world today. It provides financing and leasing, asset management, Dealer Financing and services company carpool.
other business interests include insurance (Bavaria Wirtschaftsagentur GmbH), consulting and systems integration (Softlab GmbH).
About Chrysler Group
Chrysler is an American car manufacturer. He been independently producing automobiles since 1925. Chrysler and its subsidiaries are part of DaimlerChrysler AG's German base from 1998 to 2007 after an agreement Heavy known as a "merger of equals" with Daimler-Benz in 1998. Before 1998, Chrysler Corporation traded in the automotive industry under the "C" symbol on the NYSE. Its U.S. operations are generally known today that the Chrysler Group. Mopar is another popular term for all cars Chrysler. It is actually the name of its functioning parts.
On May 14, 2007 DaimlerChrysler AG announced the sale of 80.1 percent of Chrysler Group to Cerberus Capital Management LP, a U.S. company. When the transaction is completed, Chrysler will have on the name Chrysler Holding LLC.
About the Author
Hailey Kerr is a Business Administration graduate. She is currently part of a business consulting firm in Massachusetts. Hailey loves to write and enjoys doing her favorite hobby during her free time – cooking French cuisines.
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