(Bloomberg) — Once the go-to brand for upwardly mobile sedan buyers with a need for speed, BMW AG is facing pressure from Tesla Inc. and its Model 3. The German brand’s answer to the electric threat is a sleek battery-powered car called the i4.The i4 will slot in next to the SUV-sized iNEXT as BMW’s two flagship electric offerings in 2021. Reminiscent of the company’s bread-and-butter 3 Series, the i4’s low-slung aerodynamic design helps maximize the car’s electric range and sports car-like styling.BMW’s latest vehicle debut comes at a time when many European carmakers are rushing out electric vehicles to …read more
Source:: Yahoo Finance
