BMW CEO Norbert Reithofer walks next to the new BMW i3 all-electric car at an unveiling event for the vehicle in New York, July 29, 2013. REUTERS/Mike Segar/File Photo
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BMW's management board is skipping the Paris Motor Show to hold talks aimed at breaking a deadlock over whether to produce new electric cars, including a battery-powered Mini, sources familiar with the matter told Reuters.BMW has been torn about whether to accelerate development of new electric cars, given its expensive early investments into the area which resulted in only lackluster sales of its i3, which saw only 25,000 deliveries last year.Those managers in favor want to have an electric Mini ready for 2019, the sources said, but to build one BMW needs to find a Mini vehicle platform which can accommodate a battery, and to make multi-million euro investments to convert factories to build electric cars.It is too expensive to rework the i3's platform to suit a Mini, one of the sources said, since costs of re-engineering would probably make it even more expensive than the i3 which costs in excess of 40,000 euros.Senior managers fear they will not recoup the investment costs with Mini-branded cars because these do not command the same sticker prices as BMW-labelled cars, another of the sources said.
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