Super Street Network

 |   |   |  BMW 2 Series to Lose Manual Option in U.S.
Subscribe to the Free
Newsletter

BMW 2 Series to Lose Manual Option in U.S.

Automaker will offer fewer variants and equipment options

Stefan Ogbac
Jun 29, 2017

BMW will discontinue the manual transmission option on the 2 Series coupe in the U.S. to cut costs. According to a report from Reuters, the move will help cut certification costs in the U.S. market. In addition, BMW finance chief Nicolas Peter stated that BMW will streamline its manufacturing processes by offering fewer variants of its future vehicles to offset high development costs.

In addition to the discontinuation of the manual-equipped 2 Series in the U.S., BMW has also stopped offering a manual on the 5 Series, including entry-level diesel variants in other markets. Peter also hinted that the next generation of its midsize luxury car will likely have less diesel-powered variants. As BMW offers many variants and equipment options, there's plenty of fat that can be cut.

2018 BMW 2 Series Convertible front three quarter in motion 05 Photo 2/5   |   BMW 2 Series to Lose Manual Option in U.S.

BMW Group is currently in the midst of developing its EV, autonomous, and connected vehicle technologies alongside traditional cars with combustion engines to meet emissions tests that are constantly getting more stringent. Part of the increase in costs has to do with China pushing aggressively to meet its electric vehicle quota, which made European automakers accelerate electric and hybrid vehicle development. Reuters reports that in 2016 BMW spent 5.5 percent of its revenue on research and development. Peter also revealed that in the next three years, BMW will continue to spend between 5.5 and 6 percent of its revenue in developing eco-friendly vehicles and autonomous driving tech. However, the production site of an all-electric Mini hasn't yet been decided but the Oxford facility is one of the contenders, with a final decision to be announced this year.

BMW's sales, pre-tax profit, and earnings before interest and tax (EBIT) has increased this year by around 8 to 10 percent. Much of that boost is due to the recently launched 5 Series, which has done well in sales. Double-digit growth in the Chinese market is still on track, and with the launch of the X1 and 5 Series long wheelbase, it will continue to see more gains in the market. Europe has also seen some growth but the demand in the U.K. is slowing down. The U.S. market will likely remain stable or shrink a little, Peter told Reuters. He also revealed the automaker is in the process of cutting down vehicle inventory in the U.S.

Source: Reuters

By Stefan Ogbac
99 Articles

BROWSE CARS BY MARKET

MORE FEATURES

The Lamborghini Huracan Super Trofeo Evo updates the spec racer with a heavily revised aerodynamic kit and improved safety features.
Jonathon KleinSep 21, 2017
Similar to the Mercedes-AMG Project One and the Aston Martin Valkyrie, McLaren’s Ultimate Vision Gran Turismo car is all function over form.
Jonathon KleinSep 20, 2017
Mitsubishi seems to want to get a little of that mojo back, so today it announced it will bring a new crossover concept to the Tokyo Motor Show.
Collin WoodardSep 20, 2017
Comparing a driving sim to the real thing, in this case McLarens on Sonoma Raceway
Jofel TolosaSep 20, 2017
A role reversal that sees senior taking cues from junior
Aaron BonkSep 19, 2017
Sponsored Links

SEARCH ARTICLES BY MAKE/MODEL

Search
CLOSE X
BUYER'S GUIDE
SEE THE ALL NEW
NEWS, REVIEWS & SPECS
TO TOP