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Bayerische Motoren Werke AG said it is open to acquisitions and that it has examined the possibility of acquiring a car brand from its rivals, but none currently meet its acquisition criteria.

But BMW chief executive Norbert Reithofer said 'acquisitions in principle remain on our agenda'.

'For possible acquisitions in the future, we have clearly defined criteria in the strategy process. That way, we can act swiftly when needed,' he said.

Reithofer spoke at the start of a news conference, which was convened as the company disclosed details of a long-term strategy aimed at boosting profitability.



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Who Could It Be? BMW Says It Is Open To Buying Another Brand

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