BMW revamps R&D to focus on self-driving cars
Munich
BMW is overhauling its research and development activities to focus on self-driving cars, board member Klaus Froehlich said, a move which includes a revamp of its "i" sub-brand of carbon-fibre based electric vehicles.
The company is updating its zero-emission vehicles after a lacklustre response to its only fully battery-powered car, the i3, which recorded only 25,000 sales last year. By contrast, Tesla already has more than 370,000 orders for its Model 3.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
India’s IndiGo gets into long haul game with Airbus A350 deal
Hertz reports US$392 million loss as it unwinds Tesla fleet burden
Changi Airport’s Q1 passenger movements surpass pre-pandemic levels
Toyota and Nissan pair up with Tencent and Baidu for China AI arms race