Merger mania is a passing phenomenon. It doesn't reduce the world's overcapacity problem. In fact, it adds to it as automakers try to develop even more models with new acquisitions. So says Hendrick Heitmann, former head of BMW North America and now a member of the automaker's board of management.
"I am putting bets out that people who talk about merger mania will, 10 years from now, say how stupid that was," he says. Even so, BMW has been the target of takeover speculation for the past several months. It's just a rumor, says …
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