On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1360 AM Northeast, WI 97.5 FM Green Bay, WI

Weather

Current Conditions(Green Bay,WI 54303)

More Weather »
37° Feels Like: 32°
Wind: N 6 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Partly Cloudy 29°

Tomorrow

Partly Cloudy 49°

Sat Night

Partly Cloudy 30°

Alerts

BMW CEO expects i3 electric car to contribute to group profit

The BMW i3 concept car is displayed during a news conference at the 2012 Los Angeles Auto Show in Los Angeles, California November 28, 2012.
The BMW i3 concept car is displayed during a news conference at the 2012 Los Angeles Auto Show in Los Angeles, California November 28, 2012.

MUNICH (Reuters) - German premium automaker BMW expects to reap a "positive" contribution to group profit from every i3 electric vehicle sold, Chief Executive Norbert Reithofer said on Tuesday.

BMW will start selling its Megacity electric vehicle, dubbed the i3 later this year and the i8 sports car in early 2014, Reithofer said during the company's annual general meeting.

The CEO declined to give a sales target or identify development costs of the i3, to be build at the car maker's Germany-based Leipzig factory.

(Reporting by Andreas Cremer; Editing by Harro ten Wolde)

Comments