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To: Gerald Walls who wrote (73617)2/14/1999 12:06:00 AM
From: puborectalis  Respond to of 186894
 
General Motors May Buy BMW

A.P. INDEXES: TOP STORIES | NEWS | SPORTS | BUSINESS | TECHNOLOGY | ENTERTAINMENT

Filed at 11:05 a.m. EST

By The Associated Press

MUNICH, Germany (AP) -- General Motors will make an offer to buy
Bavarian car company BMW in the next few days, a German newspaper
reported Saturday.

Rumors about BMW's future have been swirling since its chairman,
Bernd Pischetsrieder, resigned last Friday amid criticism of his handling
of BMW's British subsidiary, Rover.

BMW spokesman Joerg Dinner denied the report Saturday in Die Welt
newspaper.

''BMW wants to stay independent,'' Dinner said, adding the main
shareholder Quandt family remained ''unbroken'' in its support of the
company.

General Motors spokesman Dan Jankowski said, ''We wouldn't have
any comment on the rumor of the takeover.''

General Motors was one of the few companies that could afford BMW's
price tag of $7 billion to $9 billion, Die Welt noted.

The report comes one day after Der Spiegel newsmagazine reported
Volkswagen wanted its subsidiary Audi and BMW to take a 24.9
percent stake in each other. VW would take over the ailing Rover plant
in Britain as part of the deal.

BMW denied that report, too, though earlier acknowledged VW has
long been interested in acquiring at least a stake in the company.

BMW has invested more than $3.5 billion in Rover since buying it in
1994. Analysts expect Rover to post a pretax loss of about $590 million
for 1998.

Related Information From Hoover's Inc.
General Motors Corp




To: Gerald Walls who wrote (73617)2/14/1999 12:10:00 AM
From: Scumbria  Respond to of 186894
 
Gerald,

Have you ever heard the term "sore loser"?

Scumbria



To: Gerald Walls who wrote (73617)2/15/1999 6:07:00 PM
From: rustr  Read Replies (1) | Respond to of 186894
 
<<They stood up to public opposition, >>

This is absurd. Isn't it their job to represent their constituents; not oppose them. This story tries to say that politicians have character? (Or at least the republican ones) They are all (republicans and democrats) low-life scum who are only interested in money, power, and sex given to them by lobbyist, large corporations, foreign governments, and special interest groups. Whew! Got that off my chest now.

Concerning Intel:
Nice use for the Digital/Intel Strongarm processor at
empeg.com
It's a MP3 player for the car that uses laptop hard drives and runs Linux. Cool.

-rustr