If diesels are priced right, there’s going to be a market for it, according to BMW North America CEO Jim O’Donnell who is seeking to get the board of directors in Germany to reduce MSRPs on diesel-powered models. O’Donnell wants to cut its price premium while installing more features to its diesel-run vehicles in order to increase sales.
Currently, BMW North America offers the X5 35d and 335d, which are selling well but O’Donnell believes could be better. He thinks that too much of a premium has been added. He stated that his ideal premium would be just under $2000 for the X5 35d. Current premium for the sports activity vehicle is around $4000.
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