about us | newsletter | contact | archive | members area
Tal Roma, AFI Europe Romania
In 2017, the companies were facing a more competitive labour market»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

BMW to build test track for self-driving cars

German luxury automaker BMW said on Friday it will spend over 100 million euros ($118 million) on a test track for self-driving and electric cars in the Czech Republic, as it expands its foray into alternative driving technologies.

2017-12-15 12:25:04

The construction of BMW's first vehicle testing project in eastern Europe will create several hundred jobs in the Czech Republic, where costs are lower than in neighbouring Germany, Reuters reads.

The project is due to go on stream at the start of the next decade, the carmaker said, confirming a Czech media report.
BMW-owned properties near its Munich headquarters, in France and in Sweden are no longer sufficient to accommodate the carmaker's expanding tests of self-driving vehicles, it said.

The group, which also includes the Rolls-Royce and MINI brands, plans to introduce its first highly automated iNEXT model in 2021 and has teamed up with Intel, Mobileye , Delphi, Continental and Fiat Chrysler to develop a market for driverless vehicles.

It also plans to increase battery-powered offerings to 25 models by 2025, about half of which will be fully electric.

"Today, we are on the threshold of automated driving," Herbert Grebenc, BMW's head of real estate management said in written remarks prepared for delivery at a news conference in Prague. "This means making massive investments in our future."

Projects at the 500-hectare (1,200-acre) Sokolov site near the German border, picked out of 82 potential locations, will include the testing of driver-assistance and braking systems, Grebenc said.




COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  6486 Views
Daily Info
P3 relocates HQ to Charles de Gaulle Plaza

European investor and developer of logistic properties P3 relocated its headquarters to Charles de Gaulle Plaza, one of the most iconic office buildings in Bucharest, owned by...

Deloitte Romania assists transactions exceeding 500 million Euro in the last three months

Deloitte M&A specialists assisted in transactions exceeding half a billion Euro during the past three months, providing support buy-side and sell-side in M&A, due diligence, t...

Believe in people's potential

"The greatest danger for most of us is not that our aim is too high, and we miss it, but that it is too low, and we reach it." (Michelangelo Buonarroti) This is my motto that ...

Veeam estimates record growth, one billion USD turnover in 2018

Veeam Software posts another quarterly growth, 21 per cent higher than last year. Overall, the financial performance for 2017 was remarkable, with revenues of 827 million USD....

TransferGo attracts 8.6 million Euro financing for international expansion

TransferGo, the international fast online transfer company, has attracted a round of investment of 8.6 million Euro, which is the biggest amount received in a single financing...

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
ING Bank Romania to accelerate business development through digitization

Customers are increasingly interacting with the bank through its digital platforms and are making more card payments, according to a report issued by ING Bank Romania.

4 Comments

TransferGo: We will come to a point where money transfers will be dominated by app usage

Cash will become obsolete and this will be the result of digital finance advancement, Marius Nedelcu, Country Manager at TransferGo told The Diplomat-Bucharest.

1 Comment

Great potential comes with big challenges

The residential market in Romania registered new record investments in 2017, one of its best years so far - and analysts said the trend will continue for sure this year.

2 Comments

Globalworth: The number of green accredited buildings continues to grow every year

Romania today is one of the few economies in Europe that had a consistent expansion over the past six years, outpacing EU average growth, Dimitris Raptis, deputy CEO and Ch...

3 Comments

UniCredit announces updates in the Mobile Banking application

UniCredit Bank launches new facilities in the up-to-date version of its Mobile Banking application to provide customers with a simpler and faster user experience.

3 Comments

ESOP: We expect that the green building trend further grows

The Romanian market is one of the most dynamic in the region due to the accelerated development in IT&C, BPO, shared services industries, and to the expansion of research &...

Immofinanz: Constant, visible shift towards energy efficiency on the local office sector

Romania's strong economic growth in 2017 placed the country in a leading position in the CEE region and the trend is expected be sustainable over the next years, Christian ...

2 Comments