Asian automobile manufacturer Christoph Steitz 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. - BMW (BMWG.DE) expects its research and development budget, when measured as a percentage of sales, to rise in 2018, its CFO told a German paper. The carmaker's chief financial officer Gernot Heller said that R&D spending would rise from 6% of sales to 5.5% , with a further increase in 2018 .
Asian automobile manufacturer Christoph Steitz 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 Gernot Heller said that R&D spending would rise from 6% of sales to 5.5% , with a further increase in 2018 .