Just weeks after the German election, Angela Merkel’s conservatives received donations totalling 690,000 euros from the family that owns almost half of BMW. The payment coincides with Berlin’s forceful intervention to halt tough new CO2 curbs for carmakers in the EU.
Chancellor Angela Merkel’s Christian Democratic Union (CDU) received a hefty donation from major shareholders of BMW last week. That in itself isn’t unusual. The Quandt/Klatten family, which owns 46.7 percent of the Munich-based premium automaker, has traditionally been among the party’s most faithful donors. On Oct. 9, the family transferred a total of €690,000 ($935,000) to the CDU, according to the parliament’s administrative body which published the payment on its website. But this time, the cash injection coincided with a government decision that helps automakers like BMW.