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BMW considering revamping models more often to hold onto customers
09.14.07, 4:37 AM ET
FRANKFURT (Thomson Financial) - Bayerische Motoren Werke AG is considering revamping its models more often to keep customers from defecting to rivals in search of more up-to-date cars, Financial Times Deutschland reported, citing chief executive Norbert Reithofer.
'More freshening-up of models could make sense,' he told the newspaper on the sidelines of the IAA car show.
'We are thinking about revamping our models twice during their lifetime instead of only once as we have done until now.'
Currently, a model's average lifetime is at about 7 years.
Source: Forbes

09.14.07, 4:37 AM ET
FRANKFURT (Thomson Financial) - Bayerische Motoren Werke AG is considering revamping its models more often to keep customers from defecting to rivals in search of more up-to-date cars, Financial Times Deutschland reported, citing chief executive Norbert Reithofer.
'More freshening-up of models could make sense,' he told the newspaper on the sidelines of the IAA car show.
'We are thinking about revamping our models twice during their lifetime instead of only once as we have done until now.'
Currently, a model's average lifetime is at about 7 years.
Source: Forbes

