BMW Spent Nearly €4.2 Billion On R&D In The First Half Of 2024
BMW invested 4.17 billion euros through June to fund the development of the new X5 and additional Neue Klasse models.
BMW invested 4.17 billion euros through June to fund the development of the new X5 and additional Neue Klasse models.
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BMW announced they will be investing heavily over the following years, to keep up with demands from customers, including autonomous driving
BMW will be investing close to 7 billion euros in R&D alone this year, for EV and autonomous tech research.
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BMW will increase its research and development costs next year, looking to invest $8 billion in R&D programs to keep the company competitive.
The BMW board is looking for ways to save money to invest into the EV push it's part of and one way to do so will be to cut funds from the supply chain.
BMW will be looking to cut costs in procurement by over 1 billion euros by 2019, in hopes of diverting those funds to EV R&D.