BMW is eying a replacement for the aging BMW Z4 roadster before 2020, as per a report by Automotive News Europe. The roadster was originally introduced in 2002 and re-engineered after more than half a decade, in 2009. The two-seater has been in its second-generation for six years and by BMW’s general lifcycle protocol, it is due for a major overhaul soon.
The Bavarian automaker is finding a way to update the vehicle in a cost-effective manner due to its declining sales, says the report. The biggest markets for this car are the U.S., UK and Germany, and in the U.S., only 2151 units of the car were sold in 2014, meaning a YoY decline of 13% (2013: 2480 units).
The report suggests that development costs of the third-generation BMW Z4 could be shared with Toyota as a part of the cooperation which includes joint development of common platform and components for a future sports car, fuel cell system; collaboration on power electrification; and joint research and development on lightweight technologies.
The two-seater hardtop convertible car segment itself is losing its grip on the market globally. Last month, it emerged that Volkswagen will axe the Eos convertible by June this year. Even if the market for this segment gets a boost, the currently selling Z4 will face a lot of heat from its closest rival Audi TT which was updated to its third-generation model just last year.
[Source: Automotive News Europe]