BMW CEO Joachim Milberg: No Mergers Needed

He says the high-end carmaker has recovered from the disastrous Rover acquisition and fully intends to go it alone, thank you

After some tough times, BMW had a bang-up year in 2000. It shucked off Rover, maker of Land Rovers, which BMW lost billions on after it acquired the British carmaker in 1994. The German company finally sold Rover to an investor group last March for a ceremonial 10 British pounds (about $18). Ford is now making Land Rovers.

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