India, Nov. 11 -- BMW AG will speed up the rollout of new models, as the German automobile giant is betting big on this move to counter a slump in China after another profit warning. The automaker is ramping up production of its Neue Klasse vehicles and phasing out the older models more quickly in a bid to ramp up profitability in the coming years.

Taking a multi-pronged approach to stay competitive in an increasingly challenging industry, BMW is not only focusing on expediting new model launches and enhanced production volume, but also cutting costs, overhauling its management ranks and embracing the wider adoption of artificial intelligence both on factory floors and at other operations.

Bloomberg has reported that BMW now expects car...