Could BMW be phasing out the combustion engine?

Could BMW be phasing out the combustion engine?

BMW could be planning to phase out the combustion engine over the next ten years according to one well-known fund manager. Speaking to CNBC , Ron Baron of Baron Capital says he imagines a future where we are all driving electric vehicles. An investor in Tesla, this attitude may not be surprising, but it is what he has to say about BMW which is truly shocking. Baron is reported to have written in his most quarterly letter to shareholders: "Tesla's car culture is far different from that of other car companies. At least, all car companies except for BMW.” Noting that two of his analysts recently visited BMW in Germany, Baron reports the BMW’s financial team believes that a "revolution in the drive train is underway. ... We believe that BMW will likely phase out internal combustion engines over the next 10 years,” Baron writes. Baron also reports that he thinks we will all be ...

Full article: http://www.thegreencarwebsite.co.uk/blog/index.php/2014/1...