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BMW has plans on streamlining its production process and cutting down on the number of variants to help get more money into R&D. According to Reuters, BMW is ramping up development on electrics, autonomous vehicles, and new powertrains to meet stricter emission standards. Nicolas Peter, BMW's finance chief said the company spent 5.16 billion euros (about $5.91 billion) or 5.5 percent of revenue on R&D in 2016. "The next three years will be between 5.5 percent and 6 percent," said Peter. With the increase in R&D costs, BMW is looking everywhere to cut. Unfortunately, one of the items being cut is the manual transmission option for U.S.-spec 2-Series to cut certification costs. Over in Europe, BMW has been reducing the number of 5-Series models with the option of a manual. Peter also mentioned that there will be a reduction in the number of engines on offer. "In the 5 series we have four diesel engines on offer. I would not bet on there being four diesel engines on offer in the next generation vehicle." Source: Reuters -
BMW has plans on streamlining its production process and cutting down on the number of variants to help get more money into R&D. According to Reuters, BMW is ramping up development on electrics, autonomous vehicles, and new powertrains to meet stricter emission standards. Nicolas Peter, BMW's finance chief said the company spent 5.16 billion euros (about $5.91 billion) or 5.5 percent of revenue on R&D in 2016. "The next three years will be between 5.5 percent and 6 percent," said Peter. With the increase in R&D costs, BMW is looking everywhere to cut. Unfortunately, one of the items being cut is the manual transmission option for U.S.-spec 2-Series to cut certification costs. Over in Europe, BMW has been reducing the number of 5-Series models with the option of a manual. Peter also mentioned that there will be a reduction in the number of engines on offer. "In the 5 series we have four diesel engines on offer. I would not bet on there being four diesel engines on offer in the next generation vehicle." Source: Reuters View full article
