BMW will invest €500 million in automotive startups

BMW Group has announced that its i Ventures division will be investing €500 million over the next 10 years on new car technologies in an effort to bolster its progress in developing autonomous vehicles. The company's i Ventures division will use the money to invest in startups working on technologies such as autonomous driving and mapping that will allow BMW to improve its cars by making them both more intelligent and efficient. BMW made the announcement via its website this week and its decision to invest in new technologies comes at a time when the company has begun to lose… [Continue Reading]