New Sasol GTC cars set for thrills

The iconic Grand Prix Circuit will present a new challenge to the GTC drivers as they tackle the country’s fastest racetrack on June 16.

Suzuki’s new Swift hatch and sedan in SA

Suzuki kicks off its new model assault with an all new Swift hatchback and standalone sedan called the Dzire.

BMW expects higher profits, more electric cars

2017-03-22 07:03

ELECTRIC VEHICLE PUSH: BMW aims to sell 100 000 electric-powered cars in 2017. It has sold 62 000 EVs. Image: Wheels24

Germany - German automaker BMW is forecasting increased sales and profits this year as it begins the rollout of some 40 new models and aims to sell 100 000 electric-powered cars.

The company said on Tuesday it expects "a slight increase" from last year, when it had 94.2 billion euros ($101.7 billion) in revenues and net profit of €6.9-billion euros. It has sold 62 000 electrics.

Munich-based BMW AG has invested heavily in electric vehicles even though they remain less than 1% of the global market, saying they're the key to future sales. The company predicts electric vehicles will be 15-25% of the market by 2025.

CEO Harald Krueger said at the company's annual news conference that that "our goal is sustainable mobility. There's no turning back."

READ: So BMW is developing ‘super batteries’ for electric cars


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