BMW has no plans to develop compact vehicle with rival

BMW 6 Series Coupe

BMW Chief Financial Officer Nicolas Peter stated the automaker has no plans to develop a compact vehicle together with a rival German automaker.

“We have no plans to develop a smaller car together with a German competitor,” Peter stated at the Shanghai Autoshow on Tuesday, discarding the rumors that the automaker was about to deepen its alliance with rival German automaker Daimler.

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