BMW to sell 2 million cars annually by 2020
In order to increase market share and enter the small and light car market BMW is restructuring with the addition of a new family of modular petrol and diesel engines.
The new engines are expected to come in all sizes, including three-cylinder configuration (first for BMW). The German powerhouse will eventually manufacture up to 1.5 million of the new engines a year.
As we reported earlier, BMW will soon begin to manufacture front-wheel drive models with the new engines to be used mainly in these cars. Sources say the new efficient engines will also be seen in rear-wheel drive models to a lesser extent.
BMW (which currently only produces rear-wheel or all-wheel drive cars) owns Mini (which produces only front-wheel drives) and Rolls-Royce. In total the three brands sold 1,286,310 cars in 2009 and as part of BMW's plans to get to 2 million cars per year, around 700,000 to 1 million front-wheel drive BMW made cars will hit the market in 2014 or 2015.
The first front-wheel drive to see the light of day will be the third-generation Mini hatchback expected in 2014. This will then be followed by an all-new BMW that will sit below the 1-series line, which will still be powered via the rear wheels.
0
