Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
News18 » Auto
1-min read

BMW to Spend 5-6 Percent of Revenue on R&D in 2017-2019: CFO

BMW is developing electric, autonomous and connected cars in addition to developing vehicles with combustion engines.

Reuters

Updated:June 29, 2017, 10:12 AM IST
facebookTwitterskypewhatsapp
BMW to Spend 5-6 Percent of Revenue on R&D in 2017-2019: CFO
BMW logo. Image used for representational purpose. (Photo: Reuters)
Loading...

BMW will maintain high levels of research and development (R&D) spending until 2019 and streamline its manufacturing process to offset higher investments, Chief Financial Officer Nicolas Peter said on Wednesday. BMW is developing electric, autonomous and connected cars in addition to developing vehicles with combustion engines to meet more stringent emissions tests. In recent years BMW has invested around 5 percent of its revenue in R&D, or around 5 billion euros in 2016.

"The next three years will be between 5.5 percent and 6 percent," Peter said.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

| Edited by: Manav Sinha
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results