BMW not interested in buying stake in Tesla: Wirtschaftswoche

Fri Nov 28, 2014 9:13am EST
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FRANKFURT (Reuters) - Germany's BMW (BMWG.DE: Quote) is not interested in buying a stake in U.S. electric carmaker Tesla Motors (TSLA.O: Quote), German weekly WirtschaftsWoche reported on Friday, citing a BMW statement.

Earlier this week, a Tesla spokeswoman said there had been informal talks between the companies, but there were no plans to set up an alliance.

(Reporting by Harro ten Wolde; Editing by Ludwig Burger)

The logo of German luxury car maker BMW-Mini is pictured in front of the BMW headquarters in Munich March 18, 2014. BMW will hold its annual news conference in Munich tomorrow.     REUTERS/Michael Dalder(GERMANY - Tags: TRANSPORT SPORT MOTORSPORT)