--
 
Top new models for SA

From Renault's new Alaskan bakkie to the latest models at the Frankfurt motor show bound for SA.

Electric cars in SA

The debate on whether or not Electric Vehicles (EV) are viable in South Africa rages on.

BMW exploring state aid?

2009-01-20 11:03

Eva Kuehnen

Frankfurt - Germany's BMW, the world's largest premium car maker, is looking into applying for state guarantees to back up its borrowings, the Bild Zeitung newspaper reported on Tuesday.

BMW was not immediately available for comment on the report.

The car maker would become the second manufacturer in Germany to seek state aid after Volkswagen sought guarantees for its financial divisions to cover refinancing of car loans in December.

Germany's carmakers are suffering from collapsing global demand.

NEXT ON WHEELS24X

Inside Wheels24

There are new stories on the homepage. Click here to see them.