Mon, 07 Mar 2005


BMW limos to drive finance chiefs

SINGAPORE: German luxury car maker BMW has tied up with its Singapore dealer to supply 420 chauffeur-driven limousines to the International Monetary Fund (IMF) and World Bank meeting in September next year.

The partnership deal, worth S$10 million (US$6.13), was officially marked at a signing ceremony on Friday night.

The meetings, the world's largest and most comprehensive gatherings of global financial representatives, are held outside the two bodies' Washington base every third year.

BMW will provide its 7-series limousines to ferry VIPs from 184 countries for a week of forums and seminars in Singapore.

The limos have new front and rear ends, and a new engine and suspension, according to BMW.

Performance Motors, its Singapore distributor, was asked by The Business Times about a number of "fender benders" and other minor accidents involving BMWs at last year's Asian Aerospace exhibition.-- DPA