Reuters exclusively reported that BMW has delayed the development of its next generation Mini as it seeks to cut costs and as uncertainty over Britainâ€™s trade relations with the European Union make long-term investment decisions harder. In March, BMW said it would seek 12 billion euros ($13.3 billion) in cost savings and efficiency gains by the end of 2022. To reach its goal, BMW is cutting the number of available engine and gearbox combinations by 50% and slashing vehicle development costs.
Reuters reveals BMW delays next generation Mini over Brexit uncertainty, costs
31 January 2020, 12:00 am. 1 minute