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BMW to hike R&D spend to cope with CO2, e-mobility, CFO says
Bmw expects its research and development budget, when measured as a percentage of sales, to rise in 2018, its cfo told a german paper. R&d spending would account for about 6% of sales this year, up from 5.5% in 2016. Bmw 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.
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