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BMW Denies It’s in Talks With SAIC on Making 7 Series in China

By Bloomberg News

Nov. 2 (Bloomberg) -- Bayerische Motoren Werke AG denied a report saying it is in talks with SAIC Motor Corp. about producing the German carmaker’s 7 series model in China.

“It’s not true,” Sharon Li, a spokeswoman for BMW in China, said of the report today by Dongfang Daily, which cited an unidentified person at SAIC. “It’s a rumor,” Li added.

Zhu Xiangjun, a spokeswoman for Shanghai-based SAIC, declined to comment on the report.

The two carmakers have been in talks three times in the past about cooperation, including making high-end sedans in China, the report said.

For Related News and Information: Top transportation stories: TOP TRN <GO> China auto news: TNI CHINA AUT <GO>

Last Updated: November 1, 2009 22:45 EST

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