According to published reports by German Der Spiegel magazine, Munich and Stuttgart-based premium car makers BMW and Daimler are planning to perform a cross-ownership by swapping shares among each other. Reports suggest that both companies may exchange as much as 7% of shares among each other.
This comes as a result of the world economic turmoil, and that both BMW and Daimler are working to combine their purchasing power to save a considerable amount of money. Der Spiegel also mentioned that the Quandt family who own 46% of BMW is not very pleased with the idea, fearing that a possible take-over might occur.
Lets just keep it as a speculation for now, but we will you bring the latest updates regarding this juicy matter. To think about, it would be weird that BMW has ownership of Daimler, and vice versa.