BMW Chief: Electric Alone Not Enough

BMW chief: Electric alone not enough

BERLIN (AP) — BMW's chief executive says German automakers need to look beyond electricity as the only renewable energy source for the industry and is optimistic they will develop a new technology.

Norbert Reithofer warned Friday at an economic conference organized by newspaper Sueddeutsche Zeitung against focusing on a single technology saying that Germany's leading automakers "have to come up with something new."

Although Germany boasts three of the world's leading automakers, with Mercedes-Benz and Volkswagen alongside BMW, they have not been among industry leaders in developing environmentally friendly cars.

Reithofer predicted that future cars will be based on "a new concept, new construction."