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BMW to Boost Sales of Gas-Guzzling SUVs in E-Car Shift

  • Sales of 7-Series, 8-Series, X7 SUVs to reach 135,000 in 2020
  • BMW CFO expects premium market to continue growing in 2020
The 67th IAA Frankfurt Motor Show Day Two
Photographer: Simon Dawson/Bloomberg

BMW AG will more than double sales of lucrative X7 sport utility vehicles and luxury cruisers to fight flagging profits and make the costly shift to electric cars.

Next year, the company plans to deliver about 135,000 of 7-Series sedans, 8-Series sports cars, as well as the X7 SUV, M8 performance coupe and i8 plug-in hybrid sports car, BMW Chief Financial Officer Nicolas Peter said Thursday.