European Commission President Ursula von der Leyen promised a new target for cutting greenhouse gas emissions. Automakers fear the tougher target will require massive additional investments at a time when the industry has been badly hit by the coronavirus crisis.
The retooled flagship sedan, scheduled to go on sale in February, features autonomous technology that allows full control of the car in congested highway traffic, as well as a virtual assistant capable of conversing with the driver.
Bugatti President Stephan Winkelmann said a decision on whether to go ahead with such a costly project has been postponed because even very wealthy customers may not be prepared to buy an ultraluxury car during a global recession brought on by the pandemic.
The BMW iX3 is the brand’s first electric vehicle targeted at a sweet spot of the premium market -- the midsize SUV segment -- where it will compete with the Jaguar I-Pace and Tesla Model Y. The vehicle will not be sold in the U.S., according to current plans.