PressClub United Kingdom · Article.
BMW Group transfers shares in Tritec to DaimlerChrysler
Thu Jul 12 13:30:00 CEST 2007 Press Release
The BMW Group has transferred its shares in Tritec Motors Limitada to DaimlerChrysler's Chrysler Group effective as of July 11, 2007.
Press Contact.
Barbara Brailey
BMW Group
Tel: +44-1344-480-320
Fax: +44-1344-480-306
send an e-mail
Author.
Barbara Brailey
BMW Group
Auburn Hills/Munich. The BMW Group has transferred its shares in Tritec Motors
Limitada to DaimlerChrysler's Chrysler Group effective as of July 11, 2007. The
companies - who each held half of the shares in the Brazilian engine plant -
have agreed not to divulge the details of the transaction, which is subject to
administrative registration and regulatory approval. Chrysler Group has assumed
the responsibility for exploring long-term options for the Tritec operations
whereby all possible alternatives for continuing the business for the long run
are under analysis. This may include a sale of the facility to a third-party.
Tritec Motors was founded in 1997 by the BMW Group and the Chrysler Group for
the production of 1.4 and 1.6 litre four-cylinder petrol engines. The engine
plant is located in the town of Campo Largo in the region of Curitiba, in the
Federal State of ParanĂ¡, southern Brazil. Large-scale series production started
in January 2000; the plant's annual production capacity is around 250,000
units.
For questions please contact:
Corporate Communications
Mathias Schmidt, Finance Communications
Telephone: (+ 49 89) 382-24118, fax: (+ 49 89) 382-24418
Marc Hassinger, Business and Finance Communications
Telephone: +49-89-382-23362, fax: +49-89-382-24418
Internet: www.press.bmwgroup.com
e-mail: presse@bmw.de