• News
  • Guides
  • Reviews
  • Media
  • About
  • News
  • Guides
  • Reviews
  • Media
  • About
Sign up Now (For Free)

Sign up for our newsletter and receive the latest automotive news in your inbox!

Invalid email address
We promise not to spam you. You can unsubscribe at any time.
Thanks for subscribing!
News
Read Now
  • All News
  • Automakers
  • Automobiles
  • Auto Shows
  • Business
  • EVs & Environment
  • Guides
  • Lawsuits/Legal
  • Regulatory
  • Ride-Sharing
  • Safety & Recalls
  • Technology
Recent
  • Toyota is No. 3 — Third Automaker to Pass EV Tax Credit Threshold
  • Ford Gains Ground on Strong June Sales, Up 31.5% YOY
  • Q&A: Cadillac Lyriq Exterior Design Manager Josh Thurber
  • After 18% Sales Slide, Tesla No Longer World’s Best-Selling EV Brand
  • Get Updated on Cars, EVs and More with the Headlight News Podcast
  • Founder of Spartan Diesel Technologies Faces a Year in Jail for Selling Diesel Defeat Devices
  • What Costs More: New Car or Rent? The $1K a Month Car Payment Hit’s New Highs
  • The Rearview Mirror: The End of the Road for Route 66
  • Here We Go Again: Automakers Report June Sales Decline
  • Recession or Not, U.S. Car Market is in For a Big Boom
Editor’s Choice
    Reviews
    Read Now
    • All Reviews
    • Classic Cars
    • Concept Cars
    • Convertibles
    • Coupes
    • Crossovers/CUVs
    • Diesel
    • Hot hatches
    • Hybrids
    • Luxury Vehicles
    • Minivans
    • Muscle Cars
    • Pickups
    • Sedans
    • Sports Cars
    • Super Cars
    • SUVs
    Recent Reviews
    • A Week With: 2022 Lexus NX 350h
    • A Week With: 2022 Jeep Grand Cherokee 4xe Overland
    • A Week With: 2022 Volkswagen Tiguan SE R-Line Black
    • First Drive: 2023 Cadillac Lyriq
    • First Drive: 2022 Ford Bronco Everglades Edition
    • A Week With: 2022 Mazda3 2.5 S AWD Hatchback
    • First Drive: 2023 Honda HR-V
    • First Drive: 2022 Ford Bronco Raptor
    • A Week With: 2022 GMC Terrain AT4 AWD
    • A Week With: 2022 Cadillac Escalade Sport
    Editor’s Choice
      Guides
      Car Warranty
      • Endurance Warranty Reviews
      • BMW Extended Warranty
      • Extended Warranty For Cars Over 100k Miles
      • Extended Car Warranty Cost
      • Subaru Extended Warranty
      • CarShield Reviews
      • CarShield Cost
      • Aftermarket Car Warranty
      • CARCHEX Warranty Reviews
      • Reputable Extended Car Warranty Companies
      • Used Car Warranty Companies
      • Best Car Warranty
      • Is CarShield A Scam?
      • Mercedes Extended Warranty
      • CarShield Plans
      Insurance
      • How To Identify A Car Insurance Company
      • Geico Mechanical Breakdown Insurance
      • How Far Back Does A Car Insurance Company Look
      • Mechanical Breakdown Insurance For Used Cars
      • State Farm Mechanical Breakdown Insurance
      • Mechanical Breakdown Insurance From Progressive
      • Dollar A Day Insurance
      • Auto Insurance For SSI Recipients
      • Car Insurance Rates After A Suspended License
      • Auto Insurance For Salvage Vehicles
      • Average Cost of Dodge Ram 1500 Car Insurance
      • Car Insurance Florida
      • Full Coverage Auto Insurance
      • GrubHub Insurance
      • Amazon Delivery Auto Insurance
      Shipping
      • Car Shipping Companies
      • uShip Reviews
      • Auto Shipping From California To Hawaii
      • Montway Auto Transport Reviews
      • Cheap Car Shipping
      • Easy Auto Ship Reviews
      • Auto Shipping Miami
      • Auto Shipping To Alaska
      • Car Shipping Cost
      • Auto Shipping Hawaii
      • Auto Shipping Puerto Rico
      • Sherpa Auto Transport Reviews
      • Auto Shipping Atlanta
      • Auto Shipping Boston
      • Auto Shipping. Chicago
      About
      • About Us
      • Contact Us
      • Terms of Use
      • Privacy Policy
      • Affiliate Disclosure
      • Sitemap
      TheDetroitBureau.com

      More than just “another” place to find news, reviews, spy shots, commentary, features, and guides about the auto industry. TheDetroitBureau doesn’t stop with the press releases or confuse a few lines of opinion with insightful, in-depth reporting.

      Contact Us

      Like what you see? Have some ideas for making The Detroit Bureau.com even better? Let us know, we’d love to hear your voice.

        Media
        Listen Now
        • Headlight News: All Episodes
        More from TheDetroitBureau
        • Guides
        • Latest News
        • Auto Reviews
        • Podcasts
        Headlight News

        TheDetroitBureau.com’s Headlight News offers a look at the past week’s top automotive news stories, as well as what’s coming up in the week ahead. Check out the week’s top story and our latest review…along with a dive into the past with this week in automotive history.

        home > news > Automobiles > BMW Bolstering R&D Spending for 2017

        BMW Bolstering R&D Spending for 2017

        German maker looking to push electrification efforts.

        Joseph Szczesny
        Joseph Szczesny , Executive Editor
        May 22, 2017
        BMWs R&D budget is getting a boost to ensure it can expand its electrification efforts.

        Facing pressure from regulators in China and Europe to reduce emissions and to push ahead with the electrification of its product portfolio, BMW expects its research and development budget, when measured as a percentage of sales, to rise in 2018, BMW chief financial officer said in a German newspaper.

        “Reducing CO2 emissions, electrifying engines and autonomous driving are the key challenges for our industry over the next years,” BMW CFO Nicolas Peter told Boersen-Zeitung in an interview published on Saturday.

        Subscribe Now!

        Peter said that R&D spending would account for about 6% of sales this year, up from 5.5% in 2016.

        “Next year, too, should see a higher ratio,” Peter said.

        (BMW takes heat over vehicle fires. Click Herefor the story.)

        BMW is seeking to make sure it meets the requirements for emissions in several nations by expanding its electric vehicle development program.

        The comments by the BMW executive reflect the tighter controls being placed on automotive missions in both the EU and China, which are critical to the German carmaker.

        BMW also expects sales to grow slightly this year compared with the 86.42 billion euros ($96.82 billion) generated in 2016, suggesting R&D spending of more than 5.19 billion euros in 2017 Peter said.

        (BMW Extended Warranty Guide)

        Carmakers, such as BMW, which has been a supporter of the move to electrify vehicles, have been frustrated by slow pace of efforts to bring down the cost of electric cars, which have failed to gain traction with consumers in part because of their price. At the same time, they are forced to cut the emissions of their fleets and face dwindling demand for diesel cars.

        (Click Here to see more about BMW’s biggest product blitz in history.)

        Meanwhile, German Chancellor Angela Merkel, in her weekly Saturday podcast, also said it would be desirable for Europe’s biggest economy to produce battery cells for electric cars locally and reduce dependency on Asian suppliers, according to the Reuters news agency.

        “And if we are part of the research, also with regard to the prototypes, then I think it improves the outlook of bringing modern production of next-generation cells back to Europe and Germany,” she said.

        Last week, Merkel said Germany was likely to miss the government’s target of putting a million electric vehicles (EV) on the roads by the end of the decade, but added that a big breakthrough in demand for battery-powered cars could come very abruptly.

        (BMW upping production to 3M units by 2020. Click Here for the story.)

        As in the U.S. and even China, which is ultimately expected to be the world’s largest market for electric vehicles, the sale of EVs has remained sluggish in Germany despite discounts introduced last year and granted to buyers of green cars. In 2016, there were less than 80,000 electric cars on German roads.

        Recently Published
        2023 Toyota bZ4X XLE FWD driving

        Toyota is No. 3 — Third Automaker to Pass EV Tax Credit Threshold

        Yesterday
        2022 Ford F-150 Tremor - front 3-4

        Ford Gains Ground on Strong June Sales, Up 31.5% YOY

        Yesterday

        Q&A: Cadillac Lyriq Exterior Design Manager Josh Thurber

        Yesterday

        Leave a Reply Cancel reply

        Your email address will not be published. Required fields are marked *

        Share this article:
        © The Detroit Bureau 2022
        • Guides
        • Privacy Policy
        • Terms of Use
        • Affiliate Disclosure
        • Contact Us
        • Sitemap
        Follow Us: