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PHOTO FEATURE: Nicolas Peter, CFO of German luxury car manufacturer BMW, delivers a speech at the company's annual press conference in Munich, Germany on March 20, 2019. REUTERS / Michael Dalder
SHANGHAI (Reuters) – Nicolas Peter, chief financial officer of BMW, said the Bavarian automaker was not planning to develop a compact vehicle with a rival German automaker.
"We are not planning to develop a smaller car in conjunction with a German competitor," said Peter at the Shanghai Autoshow on Tuesday.
Report by Edward Taylor
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