To protect itself against the car industry’s preference for consolidation, BMW is speeding up its transition to battery-powered vehicles and has been developing lightweight carbon parts and cutting spending.
BMW is taking on this strategy to move away from the trend that other carmakers have embraced. For instance, Porsche SE is forming an alliance with Volkswagen AG; while Daimler AG, Renault SA and Nissan Motor Co. will be entering a share swap to have closer ties. Last year, Fiat SpA purchased a stake in Chrysler Group.
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