Complex Made Simple

BMW, Volkswagen consider SGL Carbon shares purchase

German automakers BMW and Volkswagen are both considering buying shares in carbon fibre producer SGL Carbon, as the two wrestle for control of the company, Der Spiegel has reported. BMW said it is still considering the number of shares it could buy, but added that it made sense to acquire over 20% in order to gain majority control over SGL, while VW reiterated it had no plans to raise its stake beyond 10%.