BMW Group To Launch Eco Brand?

The Independent reports that the luxury car maker BMW is looking at launching a fourth brand alongside the brands it already owns: Mini, Rolls-Royce and BMW. The paper says:

The new brand will spearhead BMW’s attempt to boost growth following criticism that it is too focused on luxury gas-guzzlers. A spokesman said: “We are looking at what a new brand would involve; we are looking at quite different forms of transportation.”

BMW aims to embrace new car styles and technology in a strategic push to address the problems faced by the world’s expanding cities in dealing with emissions and congestion.

Independent