BERLIN (AP) -- Car maker Volkswagen AG has bought an 8.18 percent stake in carbon products specialist SGL Carbon SE -- a partner of German rival BMW AG.
SGL Group CEO Robert Koehler says he views the investment as recognizing his company's development of "new materials and technologies particularly in automotive lightweight construction."
SGL's other shareholders include BMW heiress Susanne Klatten, who holds 22.25 percent of the company via her investment company SKion.
SGL said on Tuesday that it had been informed of the move by VW.
SGL Group CEO Robert Koehler says he views the investment as recognizing his company's development of "new materials and technologies particularly in automotive lightweight construction."
SGL's other shareholders include BMW heiress Susanne Klatten, who holds 22.25 percent of the company via her investment company SKion.
SGL said on Tuesday that it had been informed of the move by VW.