A plan between BMW and Mercedes to share research image

Frankfurter Allgemeine Zeitung announced today that possible closer cooperation between the Bavarian automaker and Daimler is possible in the near feature. After this announcement, BMW shares rose 2 percent.

Commerzbank analyst Daniel Schwarz said: “According to our calculations, a cooperation in purchasing, r&d and financial services could generate annual cost savings of up to 3 billion euros or 1.10 euros per Daimler share and 1.60 euros per BMW share,”

“We believe that BMW is the more efficient company with regard to purchasing compared to [Daimler’s] Mercedes,” Schwarz said, adding that Daimler stands to gain more from the cooperation.

The Frankfurter Allgemeine Zeitung article presents a plan between BMW and Mercedes to share research and manufacturing as they seek ways to cut costs during the economic downturn.