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BMW will streamline its manufacturing process, offering fewer variants of engines and equipment, to offset high r&d spending through 2019, the German carmaker's finance chief Nicolas Peter said on Wednesday.

The group is developing electric, autonomous and connected cars in addition to vehicles with combustion engines to meet more stringent emissions tests.

At the same time, China's aggressive push to introduce electric car quotas has forced European carmakers to accelerate the development and roll-out of electric and hybrid vehicles, pushing up their costs.



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BMW To Cut Back On Equipment Variations - Cost Savings To Go Towards Research And Development

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