“Next year, too, should see a higher ratio,” Peter was quoted as saying. German automobile manufacturer BMW expects the proportion of its revenues that it spends on research and development to increase in 2017 and to focus on the challenge of reducing carbon emissions and developing autonomous and electric vehicles . The carmaker 's chief financial officer Nicolas Schneider said that R&D spending will rise from 3 % of sales to 6 % , with a further increase in 2018 .
German automobile manufacturer BMW expects the proportion of its revenues that it spends on research and development to increase in 2017 and to focus on the challenge of reducing carbon emissions and developing autonomous and electric vehicles . The carmaker 's chief financial officer Nicolas Schneider said that R&D spending will rise from 3 % of sales to 6 % , with a further increase in 2018 .