BMW Group expects to sell a combined 1 million cars in China within three years, a company spokeswoman told Automotive News Europe, confirming comments from a senior executive at the automaker's joint venture in the country.
Infotainment and safety features once reserved for luxury cars are now showing up in compact and subcompact models as mass-market automakers increasingly use high-tech features as key selling tools. The problem is that automakers cannot charge extra for these features.
VW Group will spend 50.2 billion euros ($64.3 billion) in its automotive division over the next three years, shortening its investment calendar from the usual five years as market uncertainty in Europe makes long-term planning more difficult.
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