SHANGHAI, April 16 (Reuters) - BMW Chief Financial Officer Nicolas Peter said the Bavarian carmaker has no plans to develop a compact vehicle together with a rival German carmaker.
"We have no plans to develop a smaller car together with a German competitor," Peter said at the Shanghai Autoshow on Tuesday, pouring cold water on rumours that BMW was about to deepen its alliance with Daimler. (Reporting by Edward Taylor;)
The insurer was accused by a short-seller of "extensive" fraud.
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