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Since the release of its official strategy back in September, media sources around the world have been speculating that BMW is looking at either launching its own new brand or acquiring one to help its expansion. CEO Norbert Reithofer has now revealed that BMW is establishing a new environmental think-tank dubbed ‘Project i’, whose task it is to develop a number of solutions for a vehicle designed for congested city motoring.
Project i will run independently to BMW and has been given until the middle of the next decade to develop a concrete solution for the city car. “The task of the Project i team is to present specific solutions in the first half of the next decade. Whether this will require a fourth brand or not, will be decided at a later date,” Reithofer told reporters from Auto Motor und Sport.
Reithofer explained that no final decision had been made as to what powertrain the new vehicle will use. “This is why we have decided to focus on a wide range of technological options,” he said. “An electric motor is an option we are looking into. It does not only work at zero-emission level. The technology is now sophisticated enough to offer driving pleasure.”
By the end of this year, Reithofer confirmed that a decision will be made on the drive system and that the decision for a new brand will only be made once the initial designs for the new vehicle is complete.
Source: Motor Authority
