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BMW CEO Tells Magazine Euro Breakup Risks German Export Collapse

Bayerische Motoren Werke AG Chief Executive Officer Norbert Reithofer said an end to the euro would mean a “partial collapse” of Germany’s export industry, vbw-Unternehmermagazin reported, citing an interview.

“Those that talk calmly about the euro and whether we really need it should think again,” Reithofer was cited as saying. “They should ask themselves, where would most German exports go, and what would happen when a deutsche mark would strongly appreciate against other currencies.”

“It would lead to a partial collapse of the German export industry, and that is putting it conservatively,” Reithofer said, the Bavarian publication reported.

To contact the reporter on this story: Jeff Black in Frankfurt at jblack25@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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