($1 = 0.8925 euros) Reporting by Christoph Steitz and Gernot Heller; editing by Andrew Roche German automobile manufacturer BMW expects the proportion of its revenues that it spends on research and development to increase in 2017 and to focus on the challenge of reducing carbon emissions and developing autonomous and electric vehicles. The company said Tuesday that it would spend €1.06 billion ($A1.2 billion) this year on R&D for self-driving cars, which are expected to account for a quarter of all new car sales by
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 company said Tuesday that it would spend €1.06 billion ($A1.2 billion) this year on R&D for self-driving cars, which are expected to account for a quarter of all new car sales by