BMW plans to drastically cut its spending on logistics, information technology and procurements to pay for increasing costs to develop all-electric vehicles and driverless cars.
“We want to save at least a billion euros in indirect costs by 2019,” Markus Duesmann, head of purchasing at the carmaker, told Handelsblatt. “Development costs are climbing, and we have to finance them in part through cost-cutting in the coming years.”
Want to keep reading?
Subscribe now or log in to read our coverage of Europe’s leading economy.