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BMW to spend 5.5-6 percent of revenue on R&D in 2017-2019: CFO
June 28, 2017 / 1:20 PM / 5 months ago

BMW to spend 5.5-6 percent of revenue on R&D in 2017-2019: CFO

MUNICH (Reuters) - 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.

A BMW logo is seen at a car dealership in Vienna, Austria, May 30, 2017. REUTERS/Heinz-Peter Bader/Files

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.

Reporting by Edward Taylor

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