BMW, with eye on Tesla, to introduce electric 3 Series, report says

BMW plans to introduce an electric version of the 3 Series in September, a move designed to fend off rival Tesla, a German newspaper reported.

BMW to streamline car equipment levels to pay for r&d

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 said.

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