Research and Development Expenses of BMW
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The table below shows the amount BMW spent n research and Development from 2007 to 2017 in million Euros.
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Research and development expenses have become a critical investment in the automotive industry. It is because of the increased competition and the influx of new technologies in the 21st century. From autonomous driving to AI and other new technologies, brands are investing in every area to remain their customers’ favorite and to retain old as well as attract new customers. BMW’s success strongly depends on its consistent focus on the future. Its R&D investment was up significantly in 2017 nearly by 1 Billion over the previous years. In 2017 it invested 6108 million Euros in R&D compared to 5164 million Euros in 2016. BMW’s global research and innovation network spanned 16 locations in five countries. It employed 14047 people in R&D. However, BMW’s success also rests on its expertise in engineering and innovation. Check out the table for the amounts it has continued to spend on R&D from 2007 to 2017 and how it has ket increasing its R&D investment which is now past 6 Billion Euros.
Sources:
Data sourced from the annual reports of BMW available on its investors website.
https://www.bmwgroup.com/en/investor-relations/financial-reports.html