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Group deliveries increase 0.5% to 170,463 +++ BMW sales up 0.8% to 149,616 +++ Mainland China main growth driver +++ BMW i3 sales increase 30.4% +++ Nota: “Further growth expected this year”
Munich. The BMW Group has started 2019 with a positive sales result: global deliveries of the company’s three premium automotive brands increased by 0.5% in January, with a total of 170,463 BMW, MINI and Rolls-Royce cars delivered to customers. This is the company’s strongest-ever start to a year, achieved despite the current headwinds affecting the industry in several markets.
“We’re pleased to have achieved a sales increase in January, despite the challenging market conditions around the world,” said Pieter Nota, Member of the Board of Management of BMW AG responsible for Sales and Brand BMW. “We do expect slight growth in 2019, although the model changeover of the BMW 3 Series, our top-selling model, will impact sales in the first quarter. Growth will be driven mainly by full availability of the BMW X5, the introduction of the all-new BMW X7 and, of course the seventh generation of the BMW 3 Series. In January, I was also pleased to see sales of our electrified vehicles grow, despite model changeovers of two key models. By the end of this year, the number of BMW Group electrified vehicles on the roads around the world will total more than half a million.”
Munich. The long-term expansion of the BMW Brilliance Automotive Ltd. (BBA) Joint Venture has achieved a significant milestone: On Friday, a Special General Meeting of Brilliance China Automotive Holdings Ltd. (CBA) in Hongkong approved the sale of a 25 percent shareholding in BBA to the BMW Group. Around 63 percent of the represented shareholders voted in favor of this step.
As announced in October on the 15th anniversary of BBA, the BMW Group intends to increase its stake in BBA from 50 percent to 75 percent and both partners signed a corresponding agreement. As part of the agreement the contractual term of the joint venture, which would currently expire in 2028, is to be extended to 2040. The transaction remains subject to the approval of the relevant authorities. The deal is scheduled to close in 2022 at the latest when the joint venture requirement for auto manufacturing in China will be lifted.
It is the BMW Group’s goal to further strengthen its long-term cooperation with CBA, increase production capacity in Shenyang and continue to expand the localisation of additional models including new energy vehicles (NEVs). Therefore, an investment of more than three billion euros in new and existing plant structures in Shenyang over the coming years was announced in October: In Tiexi, the site’s capacity will double. With its highly flexible production system, the new plant in Tiexi will be able to build vehicles with fully electric, partially electric and conventional drivetrains on a single production line. Further extensive remodelling and expansion measures will also be carried out at the neighbouring plant in Dadong. Its structure will be expanded to accommodate future BMW model variants and the expected increase in customer demand. As a result, from the early 2020s the total annual production capacity of BMW automobiles at the BBA plants will gradually increase to 650,000 units, creating 5,000 new jobs.
Market accounts for over 40% of BMW 7 Series sales +++ Local production of seventh BMW model in China announced +++ China’s crucial role in corporate strategy NUMBER ONE>NEXT
Shanghai.The BMW Group today celebrated the world premiere of the striking new BMW 7 Series in Shanghai, China. The choice of location for the event underlined the significance of the Chinese market for the company’s new flagship model: in 2018, 44% of global BMW 7 Series sales were made to customers in China (ca. 24,500 units). With the current ongoing launch of a whole range of new models, including the BMW 8 Series range and the BMW X7, today’s event was also an opportunity to showcase the BMW Group’s new luxury line-up. China will be a key market for these luxury vehicles.
Speaking at the event, Harald Krüger, Chairman of the Board of Management of BMW AG and his two colleagues Nicolas Peter, Board Member for Finance and Pieter Nota, Board Member for Sales and Brand BMW, also underlined the wide-ranging strategic importance of China for every aspect of the company. China has been the BMW Group’s biggest single sales market since 2013, and the country is also home to the company’s most extensive R&D and production operations anywhere outside Germany.
Worldwide deliveries increase by 0.9% to 165,566 vehicles +++ BMW Motorrad continues on its path of growth +++ Focus on new markets and new segments and continue with model initiative
Munich. BMW Motorrad sold more motorcycles and maxi scooters in 2018 than ever before. Compared to the strong previous year, deliveries increased by a further 0.9%. As of December 2018 a total of 165,566 vehicles (previous year 164,153 units) were delivered to customers.
Dr. Markus Schramm, Head of BMW Motorrad: “2018 was another very successful year for BMW Motorrad. We achieved a sales record for the eighth time in succession. I would like to thank our customers most sincerely for the great trust they have placed in us again in 2018.
With this next sales record, BMW Motorrad takes another great step towards reaching its planned sales target of 200,000 units in the year 2020.
Eighth consecutive year of record sales +++ Best-ever sales figures for BMW, Rolls-Royce and BMW Motorrad +++ BMW sales up 1.8%: 2,125,026 sold worldwide +++ More than 140,000 electrified vehicles delivered worldwide +++ Sales surge at BMW M GmbH: more than 100,000 sold +++ Positive sales outlook for 2019: further growth expected
Munich. The BMW Group has achieved its eighth consecutive annual sales record with a total of 2,490,664 (+1.1%) BMW, MINI and Rolls-Royce delivered around the world in 2018. Best-ever figures were achieved by both BMW and Rolls-Royce, while the company’s portfolio of electrified BMW and MINI vehicles grew sales by 38.4% compared with the previous year. This sales result reconfirms the BMW Group’s position as the world’s number one premium automotive manufacturer.
Positive outlook for 2019: sales growth expected to continue
Looking ahead to the next 12 months, the BMW Group believes its ongoing model offensive will result in continuing sales growth. “While we expect market conditions to remain challenging this year, new models like the all-new BMW X7 and the seventh generation of the BMW 3 Series, combined with an ever-greater focus on our customers and their needs, mean we at the BMW Group will continue on our successful course. We expect to grow sales slightly in 2019, while maintaining our clear focus on profitability,” said Pieter Nota, Member of the Board of Management of BMW AG responsible for Sales and Brand BMW.
Electrified vehicles sales up 38.4% year-on-year +++ BMW Group European market leader in electromobility +++ Krüger: Once again, we’ve achieved our ambitious target +++ Company set to continue leading role in technology innovation +++ 500,000 BMW Group e-vehicles expected on the roads by the end of 2019
Munich. The BMW Group sold more than 140,000 electrified (battery-electric and plug-in hybrid) vehicles in 2018, thereby confirming its leading role in the field of electromobility. In total, 142,617 (+38.4%) electrified BMW and MINI vehicles were delivered to customers around the world last year.
“Since launching the BMW i3 in 2013, the BMW Group has rapidly grown its sales of electrified vehicles. With over 140,000 delivered in 2018, we have once again achieved our ambitious target,” said Harald Krüger, Chairman of the Board of Management of BMW AG. “This great sales result and our impressive market share proves our vehicles are what the customer wants. In countries which offer appropriate infrastructure and regulatory support, we see how quickly electromobility can become the norm. I’m confident that by the end of this year, there will be a total of half a million electrified BMW Group vehicles on the roads, with much more to come as we continue to extend our model line-up over the next few years,” Krüger continued.
Making personal freedom the focus of sustainable urban mobility. +++ Regulatory approval marks important milestone for joint venture.
Munich/Stuttgart. The BMW Group and Daimler AG are planning the next steps for their joint mobility company, following approval by the responsible competition authorities. The basis for this is the approval of the US competition authorities, which was received on Tuesday, December 18, 2018. This means that all antitrust authorities involved have given the green light for the new joint venture, which is owned in equal parts by the BMW Group and Daimler AG.
The joint venture will focus on ensuring the personal freedom of customers in the field of urban mobility. Geared towards this vision of future urban mobility, a new mobility offering will be created that is easy to access, intuitive and focused on the needs of the user. On their urban journey, customers will move through a seamlessly connected and sustainable ecosystem that combines CarSharing, Ride-Hailing, Parking, Charging and Multimodality from a single source and is available with just a few taps. The idea is to create the most attractive, most comprehensive mobility solution for a better life in our connected world.
First foreign company in China to obtain a Ride-Hailing license +++ Ride-Hailing to complement existing Car-Sharing business
Munich. Today, the BMW Group announced the launch of its Ride-Hailing service in Chengdu, the capital city of the Chinese province Sichuan as part of its premium mobility brand ReachNow. The BMW Group is the first foreign company in China to obtain a license to operate a Ride-Hailing service. By adding an additional premium mobility option to its existing Car-Sharing business in China, the company seeks to further expand its mobility services offering.
“We are excited to offer our new premium Ride-Hailing service in Chengdu, one of the largest Ride-Hailing hubs in the world embracing mobility solutions for a sustainable urban future” said Peter Schwarzenbauer, member of the Board of Management of BMW AG, responsible for MINI, Rolls-Royce, BMW Motorrad, Customer Engagement and Digital Business Innovation BMW Group. “Half our fleet of 200 BMW 5 Series are sustainable plug-in-hybrid vehicles and our highly skilled and trained drivers will ensure an exciting premium mobility experience,” he added.
Jens Thiemer new Head of Brand Steering and Marketing
Munich. From 1 January 2019, Jens Thiemer will be the new head of BMW Brand Management. Following his degree in business studies, Thiemer (46) has gained many years of experience in automotive brand management and marketing, both from a manufacturer’s and a consultant’s perspective.
“Brand management and marketing are crucial fields for a premium car company operating in today’s highly competitive environment,” said Pieter Nota, BMW AG Management Board Member for Sales and Brand BMW. “To ensure our continuing success in this very competitive business, we will be extending this area in the coming months. I am delighted that Jens Thiemer, a highly experienced marketing specialist, is joining us at this time,” Nota continued. “Our joint goal is to achieve a seamless brand experience for our customers, across all touchpoints.”
BMW deliveries grow 1.6% in November, up 1.8% in year-to-date +++ All three major sales regions contributed to year-to-date growth +++ November sees double-digit increase in China, Germany +++ Best-ever single month for BMW Group electrified sales +++ Every fifth BMW 5 Series sedan delivered is electrified
Munich. The BMW Group has achieved sales growth both in November and the year to date, despite the current very volatile market situation. In November, the company delivered 222,462 vehicles to customers around the world, an increase of 0.8% compared with the same month last year. That result brings the company’s year-to-date sales total to 2,258,159, up 1.3% compared with the same period last year.
“As this challenging year draws to a close, we have sold more cars than ever before in November and the first eleven months of the year,” said Pieter Nota, Member of the Board of Management of BMW AG responsible for Sales and Brand BMW. “Our clear priority in a volatile market is profitable growth. November saw the launch of the new BMW X5, which has achieved significant sales in the few weeks it’s been available. In the USA, for example, over 5,000 X5 vehicles were delivered to customers last month. Meanwhile, November was also the best-ever single month for sales of our electrified vehicles, with almost 15,000 delivered worldwide,” Nota concluded.
Fifth BMW Supplier Innovation Award presented at Plant Landshut
Munich / Landshut. The BMW Group has honoured suppliers for their outstanding innovations and development work for the fifth time with the BMW Supplier Innovation Award: A total of 15 suppliers were recognised for their achievements and exceptional collaboration on Wednesday evening at BMW Group Plant Landshut. In the categories Productivity, Sustainability, Efficient Dynamics, Digitalisation and Emotional Experience five winners were selected.
The BMW Group’s global network of 3,200 suppliers at 4,500 production locations in around 50 countries plays a decisive role in implementing new developments. Every day, BMW Group vehicle plants worldwide take delivery of more than 31 million parts. The companies that supply the BMW Group ceased to be just suppliers of components years ago and have now become system developers and innovation partners. Over the years, their share of value creation at the company has risen steadily and currently stands at over 70 percent. The BMW Group’s annual purchasing volume totals around 60 billion euros.
More than 200,000 vehicles delivered in October, up 1.7% +++ All three major sales regions contributed to year-to-date growth +++ BMW sales grow in October and year-to-date +++ BMW X3 sales more than double in October +++ Electrified sales up over 40% in year-to-date
Munich. The BMW Group has sold more cars in October than ever before in the month, despite the current challenging economic and political situation. The company delivered 200,883 vehicles to customers around the world, an increase of 1.7% on the same month last year. That result brings the company’s year-to-date sales total to 2,035,695, up 1.3% compared with the first ten months of the previous year.
“In a highly volatile environment, we have achieved steady sales growth both in October and the year to date,” said Pieter Nota, Member of the Board of Management of BMW AG responsible for Sales and Brand BMW. “Our clear focus remains on profitable growth during this unpredictable period, especially in Europe, where the market continues to experience significant pricing pressure following the introduction of the new WLTP testing procedure. Meanwhile sales of our electrified vehicles are up over 40% in the year to date. Around every fifth BMW 5 Series sedan or BMW 2 Series Active Tourer sold worldwide has a plug-in hybrid drivetrain, while our all-electric BMW i3 remains very successful with sales up over 10% in October,” Nota concluded.
First place in current Universum and Trendence employer rankings
Munich. The BMW Group has once again earned top ratings in the Universum Young Professional Survey 2018 employer ranking published today, which polled professionals with one to eight years’ job experience. The company was again voted number one by business students (2017: number one) and number two (2017: number three) by engineers. It is particularly encouraging that the BMW Group came in third (2017: fifth) among IT specialists, behind only Google and Microsoft, and was the most popular automotive employer.
Milagros Caiña-Andree, member of the Board of Management of the BMW Group, responsible for Human Resources, was delighted with the results: “Word has clearly got out that we are an established company in the tech scene.” She added: “The profound change in our industry provides a historic opportunity for young talents to shape the mobility of the future – and that is something IT specialists are excited about, too.”
Krüger: Forward-looking approach has absolute priority +++ Key strategic decisions taken in recent months +++ Significantly higher upfront expenditure for R&D +++ Revenues and earnings for nine-month period at high levels +++ High volatility and intense competition +++ Outlook announced on 25 September confirmed
Munich. The BMW Group remains firmly committed to following its forward-looking strategy, despite the current challenging conditions. In line with its Strategy NUMBER ONE > NEXT, the BMW Group continues to invest extensively in tomorrow's technologies and is maintaining its steady course, despite highly volatile geopolitical and trade policy developments.
“Our forward-looking approach has absolute priority. Particularly in these volatile times, we are maintaining our focus on the future and taking the decisions that will lead to tomorrow's success," said Harald Krüger, Chairman of the Board of Management of BMW AG, in Munich on Wednesday. "We stand for trust and continuity. The BMW Group has more than 100 years of experience in dealing with transformation and volatility in a rapidly changing world. This is why we see challenging conditions as an opportunity to move forward and strengthen our position as market leader. We are implementing our strategy rigorously and investing extensively in the technologies of the future, despite today’s volatile environment," Krüger emphasised.
BMW deliveries increase in September and year-to-date +++ 14,500 electrified vehicles delivered in September +++ Over 300,000 BMW Group electrified vehicles on roads worldwide
Munich. In the first three quarters of the year, the BMW Group grew its worldwide sales by 1.3% (1,834,810 units), despite ongoing headwinds in several major sales regions. Sales in September, a month affected by intense competition in Europe, were down 0.8% (237,781) as the company continued to follow its policy of prioritising profitable growth.
“In the face of a combination of exceptional challenges, we have achieved a steady sales result,” said Pieter Nota, Member of the Board of Management of BMW AG responsible for Sales and Brand BMW. “The third quarter in Europe was significantly affected by market distortions caused by the introduction of the new WLTP testing procedure at the beginning of September. As we planned well ahead for the WLTP changeover, virtually all our current models are WLTP type-approved and available for delivery,” Nota continued. “One very positive aspect of our sales performance continues to be the growth in electrified vehicles. September was our best-ever single month for electrified sales and with deliveries up over 40% in the year to date, we remain well on track to achieve our target of 140,000 electrified sales by the end of the year,” Nota concluded.
Early extension of the joint venture contract until 2040 +++ Investment of more than three billion euros in new automotive plant and large-scale expansion of existing plant structure +++ Total production capacity increases to 650,000 units per year +++ 5,000 new jobs in the BBA plants by the early 2020s +++ BMW Group intends to increase its stake in BBA to 75 percent +++ Krüger: “Success story goes hand in hand with BBA”
Munich/Shenyang. The BMW Group sets the course for the next chapter of its successful business development in China. With a long-term contract extension for the joint venture BMW Brilliance Automotive (BBA) and extensive investments for further expansion of the production capacity, the company plans to drive dynamic growth in the world’s largest automobile market.
In the context of the 15th anniversary of BBA, the BMW Group announced together with its partner Brilliance China Automotive Holdings Ltd. (CBA) the early extension of the joint venture contract and the further deepening of the existing successful collaboration. The extended contract is valid for 22 years (from 2018 to 2040). Furthermore, the BMW Group intends to increase its stake in BBA from 50 percent to 75 percent and both partners have today signed a corresponding agreement. This transaction is subject to the approval of the relevant authorities and the consent of the CBA Shareholders’ Meeting.
Long-standing production expert in quality, innovation and mastering complexity.
München. At its meeting today, the Supervisory Board of BMW AG appointed Dr.-Ing. Andreas Wendt (60) as the new Board of Management Member for Purchasing and Supplier Network, effective 1 October 2018. Wendt, a mechanical engineer, has been Director of the BMW Group’s largest German plant in Dingolfing, since early 2017. Prior to that, Wendt managed the company’s Regensburg plant for eight years.
Wendt began his career at BMW Group in 2002, as head of Strategy Development Production. He then went on to manage Production “Suspension and Drive Train Components” for Plants Landshut, Dingolfing and Berlin. From May 2006 until moving to Regensburg, Wendt was director of the BMW Group’s largest engine plant in Steyr, Austria.
Munich. The BMW Group is updating its guidance for the current financial year. The company always expected 2018 to be a challenging year, due in part to additional upfront investments of around one billion euros for future mobility and currency headwinds in the mid-to-high three-digit million-euro range compared with 2017.
Munich. The BMW Group is updating its guidance for the current financial year. The company always expected 2018 to be a challenging year, due in part to additional upfront investments of around one billion euros for future mobility and currency headwinds in the mid-to-high three-digit million-euro range compared with 2017. Despite this starting position, based on its strong operating performance, the BMW Group had forecast Group pre-tax earnings on a par with last year’s record level.
Application for permission to consolidate both companies’ existing mobility services submitted to European Commission +++ Plans to headquarter joint venture in German capital
Stuttgart/Munich. The BMW Group and Daimler AG plan to locate the headquarters of their proposed global mobility company in Berlin. The two partners are purposely seeking to establish this innovative mobility services provider outside of their respective Group structures in the dynamic environment of Germany’s capital city. At the same time, the globally positioned joint venture will maintain its international presence as a success factor.
“Our vision is to create a major global player for seamless and intelligent connected mobility services together. As a hub for creativity and innovation, Berlin is exactly the right location for our plans,” according to Dieter Zetsche, Chairman of the Board of Management of Daimler AG and head of Mercedes-Benz Cars.
New assessment method considers integration of safety-relevant driver assistance systems
Munich. The BMW Group and Swiss Re, one of the world’s largest reinsurance companies, are working together to develop a vehicle-specific insurance rating that primary insurers worldwide can use to calculate car insurance premiums: The innovative assessment system takes integration of safety-relevant driver assistance systems into account.
The automotive sector is in a period of transition. On the road to autonomous driving, more and more safety-relevant driver assistance systems are finding their way into BMW Group vehicles. In some cases, these actively intervene in vehicle control and increase vehicle safety. However, safety-relevant driver assistance systems are currently only considered to a limited extent in calculating insurance premiums. Auto insurance ratings are generally based on criteria such as the driver’s age or a vehicle’s horsepower. This will now open up new possibilities for customers and primary insurers.
173,454 BMW Group vehicles sold in August, +2.1% +++ Year-to-date sales up 1.6%: 1,597,021 +++ BMW sales increase 3.2% in August: 151,663 +++ 62.3% rise in electrified sales: 11,669 units delivered worldwide +++ Double-digit growth for BMW X3, 5 Series, i3 and i8
Munich. In August, the BMW Group sold a total of 173,454 BMW, MINI and Rolls-Royce vehicles around the world, an increase of 2.1% year-on-year. This means that in the first eight months of the year, deliveries rose 1.6% (1,597,021) compared with the same period last year.
“Despite headwinds and a highly competitive situation in several important markets, the BMW Group has achieved a slight sales increase both in the month and the year-to-date,” said Pieter Nota, BMW AG Management Board member responsible for Sales and Brand BMW. “Our electrified sales are achieving significant growth, with deliveries up over 60% compared with August last year,” Nota continued.
Year-to-date sales up in all major sales regions +++ BMW brand grows sales in July and year-to-date +++ July sales of BMW X3 increase 52.3% as China production ramps up +++ Over 70,000 electrified vehicles delivered in year to date
Munich. Worldwide sales of BMW Group vehicles continue to grow, with more vehicles delivered to customers last month than in any previous July. A total of 181,051 (+0.2%) BMW, MINI and Rolls-Royce vehicles were sold in the month, bringing year-to-date sales up to 1,423,565 (+1.6%).
“Our focus on sustainable, profitable sales growth is proving successful, as we continue to attract more customers than ever, despite the various headwinds currently affecting the industry,” said Pieter Nota, Member of the Board of Management of BMW AG responsible for Sales and Brand BMW. “Customer demand for our X vehicles continues to be very high and now we’ve increased production capacity by localising the BMW X3 in China and South Africa, we can already see the positive effect that additional availability has on sales. The continuing, growing demand for our electrified vehicles is also very pleasing, with deliveries of BMW i, BMW iPerformance and MINI Electric vehicles up by over 40% in the year to date,” Nota continued.
New plant for BMW models to be established near Debrecen, Hungary +++ Investments of approximately €1 billion +++ Full range of drive types from a single production line +++ Krüger: “Decision for new plant reaffirms perspective for global growth”
Munich. The BMW Group continues to expand its production network in Europe, with a new facility to be built in Hungary, close to the town of Debrecen. It will come at an investment of approximately €1 billion, offer capacity of up to 150,000 units a year and create over 1,000 new jobs.
“The BMW Group’s decision to build this new plant reaffirms our perspective for global growth. After significant investments in China, Mexico and the USA, we are now strengthening our activities in Europe to maintain a worldwide balance of production between Asia, America and our home continent,” said Harald Krüger, Chairman of the BMW AG Board of Management. “Europe is the BMW Group’s largest production location. In 2018 alone we are investing more than €1 billion in our German sites to upgrade and prepare them for electric mobility.”
Best-ever June and year-to-date figures +++ First-half-year sales growth in all major sales regions +++ Over 13,800 electrified vehicles delivered: best-ever monthly sales +++ BMW sales in June total 200,610: up 4.0%
Munich. The BMW Group has achieved its best ever first-half-year sales result with a total of 1,242,507 (+1.8%) BMW, MINI and Rolls-Royce vehicles delivered to customers. It was also a record June for the company, with sales up 2.7% to total 238,920 units worldwide.
“Our strong sales performance in June means we’ve now achieved 35 consecutive quarters of growth and are confident this trend will continue,” said Pieter Nota, Member of the Board of Management of BMW AG responsible for Sales and Brand BMW. “With production of the BMW X3 in China and South Africa ramping up, we will be able to fulfil the strong customer demand for our celebrated X models and the second half year should be increasingly positive. I’m also delighted with the ongoing popularity of our electrified vehicles, which achieved their best-ever month in June, keeping us well on track to achieve over 140,000 electrified sales by the end of the year,” Nota continued.
Signing during event for autonomous and connected driving attended by China’s Premier Li Keqiang and Germany’s Chancellor Angela Merkel in Berlin +++ 50:50 joint venture with Great Wall Motor +++ Further step in the growth and electrification of MINI brand +++ No plans for additional sales organisation in China +++ Krüger: New level of cooperation between China and Germany
Munich. The BMW Group and the Chinese manufacturer Great Wall Motor today signed an agreement to produce MINI electric vehicles through a new 50:50 joint venture based in China. During an event for autonomous and connected driving attended by China’s Premier Li Keqiang and Germany’s Chancellor Angela Merkel in Berlin, the BMW Group and Great Wall Motor committed to found a new joint venture, “Spotlight Automotive Limited”, for the development and production of electric vehicles in China. As well as MINI electric vehicles, the joint venture will also produce electric vehicles for Great Wall Motor. The establishment of the new company is subject to approval from the relevant Chinese authorities and the completion of business registration procedures. The joint venture will be located in Jiangsu Province, where both partners will together create a new state-of-the-art production facility.
The production of future battery-electric MINI vehicles in China, the world’s largest market for electromobility, is a key element of MINI’s continued strategic development within the BMW Group’s Strategy NUMBER ONE > NEXT. Today’s move follows the “letter of intent” signed with Great Wall Motor on 23 February 2018. It is another significant step towards the electrified future of the MINI brand, coming in addition to start-of-production next year of the first battery electric MINI at the brand’s main plant in Oxford.
Partners to explore additional joint projects in the field of autonomous driving technologies +++ BMW Group receives board member seat in Baidu’s Apollo initiative +++ MoU signed during visit of Premier Li to German chancellor Merkel
Berlin/Beijing/Munich. Baidu, Inc. (NASDAQ:BIDU) and the BMW Group today announced they have signed a Memorandum of Understanding (MoU), under which the BMW Group will join Apollo, the open autonomous driving platform by Baidu, as a board member. The partnership was made official during Chinese Premier Li Keqiang’s visit to Germany on July 10th to meet with German Chancellor Angela Merkel. The MoU marks the beginning of a new partnership on autonomous driving between the BMW Group and Baidu. The two companies seek to work together to bring safe, convenient and intelligent mobility experiences for consumers in China.
“BMW Group and Baidu have a long history of working together on advancing autonomous driving technology, and we have maintained a strong relationship throughout the years. BMW Group and Baidu have been actively exploring the intelligent vehicle sector and are well-aligned in our vision for the future of autonomous driving,” said Ya-Qin Zhang, President of Baidu. “We hope this deepened cooperation will bring Chinese consumers intelligent and comfortable product experiences. Our aim is to accelerate the development of autonomous driving technologies that align with the Chinese market,” he added.
Long-term framework for expansion of BMW Brilliance Automotive (BBA) joint venture +++ Signing in presence of Chinese Prime Minister Li Keqiang and German Chancellor Angela Merkel +++ Further step in the growth of BMW brand in China +++ BBA expands production capacity to over 500,000 +++ All-electric BMW iX3 from BBA intended for export +++ Krüger: New chapter in the success of BBA
Munich. The BMW Group is expanding its footprint in China. In the presence of China’s Prime Minister Li Keqiang and Germany’s Chancellor Angela Merkel, the BMW Group and its partner Brilliance Automotive Group Holdings signed a long-term framework agreement to further expand their joint venture BMW Brilliance Automotive (BBA). BBA is increasing the capacity of its two local production facilities Tiexi and Dadong in Shenyang, Liaoning Province, to a total of 520,000 BMW brand vehicles in 2019. Furthermore, the all-electric BMW iX3 produced by BBA is planned for export to markets outside of China.
“Today’s signing represents a new chapter in the success story of our BMW Brilliance Automotive joint venture,” said Harald Krüger, Chairman of the Board of Management of BMW AG. “Our agreement sets a long-term framework for our future in China - a future involving continued investment, further growth and a clear commitment to the development and production of electric vehicles. The next chapter of our cooperation has the potential to go beyond our existing motto - in China, for China. The all-electric BMW iX3, produced by BBA from 2020, will find customers around the world,” elaborated Krüger.
The two companies are forming a joint venture to combine their expertise in the field of automotive software engineering
Munich. Following successful collaboration in the past, the BMW Group and CRITICAL Software are now planning a strategic expansion of their cooperation. The two companies have reached an agreement to form a joint venture entitled Critical TechWorks, subject to examination of and approval from the relevant competition authorities.
By creating this joint venture, the BMW Group is further moving along its transformation into a mobility tech company as part of its NUMBER ONE > NEXT strategy. Critical TechWorks will complement the highly experienced and constantly expanding BMW Group network in the fields of software development and IT. The two partners stand to benefit from CRITICAL Software’s many years of experience in agile software development and the over 100 years of experience of the BMW Group in the advancement of ground-breaking premium mobility.
Critical TechWorks will be bringing its expertise to bear in vehicle connectivity, cloud-based IT solutions and the digitalisation of corporate processes. The joint venture seeks to initiate interdisciplinary collaboration both in the customer-relevant fields of infotainment and digital services, and when it comes to the digitalisation and automation of product development, production and sales.
1,003,573 BMW Group vehicles sold in year-to-date, +1.6% ++ Year of X: More customers buy BMW X models than ever before ++ Electrified sales grow 41.0%: 46,849 units worldwide ++ BMW i production to ramp up over 50% due to increased demand
Munich. The BMW Group has sold more vehicles than ever before in the first five months of the year: more than a million customers worldwide have already taken delivery of their new BMW, MINI or Rolls-Royce vehicle in 2018 (1,003,573 / +1.6%). This record result was achieved despite the ongoing global ramp-up of BMW X3 production and volatility in China due to changes in import duties. These factors contributed to a slight decrease in the company’s monthly sales in May (204,041 / -2.1%).
“To have sold over a million cars by this point in the year is a real milestone,” said Pieter Nota, BMW AG Management Board member responsible for Sales and Brand BMW. “We’re particularly pleased to see that our X vehicles are more popular with our customers than ever, with record sales figures despite the lack of X3 availability in China. In the second half of the year, the X3 will once again become fully available worldwide, bringing increased sales momentum in the third and fourth quarters. Meanwhile, sales of our electrified vehicles are growing really strongly, with customer deliveries up by over 40%,” Nota continued.
Munich. At today’s Annual General Meeting, Chairman of the Board of Management of BMW AG, Harald Krüger, unveiled an initial design concept for the BMW iNEXT. The pure-electric BMW iNEXT will be built at Plant Dingolfing from 2021. The company’s new technology flagship incorporates all major strategic areas of innovation in a road-ready vehicle.
Harald Krüger, Chairman of the Board of Management of BMW AG, said: “The iNEXT project is our building kit for the future. It will benefit the entire company and all our brands. For the first time, we are combining all key technologies for future mobility in one vehicle. The iNEXT is fully electric, fully connected and also offers highly automated driving. Today, we gave our shareholders a very first glimpse of the design of the BMW iNEXT. Later this year, we will be presenting the BMW iNEXT as a Vision Vehicle.”
BMW Group electrified sales up 52% in April ++ Significant double-digit electrified growth in all sales regions ++ Overall BMW Group sales continue to grow in April ++ Deliveries in year-to-date +2.5%: 799,520 units sold worldwide ++ April sales +1.2%: 194,889 vehicles delivered to customers
Munich. Following its best-ever first-quarter sales results, the BMW Group continues to grow sales around the world. A total of 194,889 BMW, MINI and Rolls-Royce vehicles were delivered to customers in April, a slight increase (+1.2%) on last year’s figure. The company has sold a total of 799,520 vehicles to customers worldwide in the first four months of the year, up 2.5% on the same period last year.
The company’s highly successful electrified vehicles are contributing strongly to the ongoing sales success and April saw the achievement of a significant milestone. “We are delighted to announce that there are now over a quarter of a million electrified BMW Group vehicles on the world’s roads,” said Pieter Nota, Member of the Board of Management of BMW AG responsible for Sales and Brand BMW. “Combined sales of BMW i, BMW iPerformance and MINI Electric vehicles were up 52% in April (9,831), bringing the total number of electrified BMW Group cars sold to over 250,000,” Nota continued. “We are well on track to deliver on our stated target to sell over 140,000 electrified vehicles this year,” he concluded.
Highest EBT margin at group level since 2011 ++ Best ever figures for sales volume and net profit ++ Automotive segment EBIT margin above previous year, at upper end of target range ++ Ongoing high upfront expenditure for tomorrow’s mobility ++ Electrification strategy is having a sustainable impact ++
BMW Group reaffirms outlook for full year 2018 ++ Krüger: Combining tomorrow's mobility with sustainable profitability
Munich. The BMW Group has started the financial year 2018 with a strong first quarter. Despite volatile conditions and unfavourable exchange rate effects, new best ever figures were recorded for sales volume and net profit. Despite high upfront expenditure for tomorrow’s mobility, the Automotive segment also set a new record for its result from operations (EBIT).
“Our industry is currently going through a phase of unprecedented technological change and must master the highly challenging conditions. The first quarter highlights some important points: we think in terms of opportunities and are pursuing a well-defined strategy; we are combining tomorrow's mobility with sustainable profitability – underlined by the fact that we are capable of generating a high pre-tax margin on group level, even in volatile times,” said Harald Krüger, Chairman of the Board of Management of BMW AG, in Munich on Friday. “The BMW Group was the world's most profitable car company in 2017 and is stepping up the pace again in 2018. In the opening quarter of the new year, we achieved new best-ever figures for sales volume and net profit and implemented some crucial strategic decisions.” The BMW Group continues to play an active role in transforming the mobility sector with its future-oriented ACES programme: Automated, Connected, Electrified and Services.
Deliveries up 3.0%: 604,629 units sold worldwide ++ Sales growth achieved in all major sales regions ++ First-quarter electrified sales up 38.3%: 26,858 delivered worldwide ++ March 2018 best-ever single month for BMW Group
Munich. The BMW Group has achieved its best ever first-quarter sales with a total of 604,629 BMW, MINI and Rolls-Royce vehicles delivered to customers, an increase of 3.0% on last year and the first time the company has sold over 600,000 vehicles this early in the year. March 2018 was the company’s best-ever single month for sales, with a total of 256,162 (+0.5%) vehicles delivered. BMW Group sales in March were slightly affected by a sandstorm, which has delayed shipping of around 5,000 cars awaiting onward transport from the German port of Cuxhaven. As the situation at the port is still being assessed, it is likely that the April sales result will also be marginally affected by this incident.
“The record sales achieved in the first quarter of this year are just the start of what I’m sure will be another successful year, with the main impact of our current model push coming later in the year,” said Pieter Nota, Member of the Board of Management of BMW AG responsible for Sales and Brand BMW. “All major sales regions achieved first-quarter growth, despite ongoing headwinds in some significant markets. We are also pleased to see increasing customer demand for our electrified vehicles around the world, with sales in this rapidly growing area up 38.3% in the first three months of the year,” Nota continued.
BMW officially opens its autonomous driving campus in Unterschleißheim near Munich
Munich. The BMW Group today celebrated the official opening of its autonomous driving campus in Unterschleißheim. Klaus Fröhlich, Member of the Board of Management of BMW AG responsible for Development and Research, and Bavarian state premier Markus Söder were present for the inauguration of a forward-looking development facility that showcases the BMW Group’s transformation into a tech company.
The BMW Group’s campus for autonomous driving is a state-of-the-art centre of excellence that covers every base when it comes to offering greater capacity for innovation and increased development efficiency – and ultimately securing the company’s future sustainability.
15 months ago, the BMW Group took the decision to pool together its development expertise in the fields of vehicle connectivity and highly / fully automated driving at a single location. The campus, which offers 23,000 square metres of office space with room for 1,800 employees, was completed in record time. The site’s optimum infrastructure, its proximity to the Research and Innovation Centre, and the nearby link to the motorway network helped to swing the decision in its favour.
Automotive pioneers and innovation leaders to shape sustainable urban mobility of the future ++ Strong alliance to create unique customer offering: seamless, multimodal, fast and readily available ++ Ecosystem for on-demand mobility: single source for CarSharing, Ride-Hailing, Parking, Charging and Multimodality ++ Sustainable solutions for challenges of urban mobility and better quality of life in big cities ++ Joint-venture concept will ensure expansion of digital business models at both companies
Munich/Stuttgart. The BMW Group and Daimler AG are joining forces to offer customers a single source for sustainable urban mobility services. The two companies today signed an agreement to merge their mobility services business units. Subject to examination and approval by the responsible competition authorities, the BMW Group and Daimler AG plan to combine and strategically expand their existing on-demand mobility offering in the areas of CarSharing, Ride-Hailing, Parking, Charging and Multimodality. Each company will hold a 50-percent stake in a joint-venture model comprising both companies’ mobility services. The two companies will remain competitors in their respective core businesses.
The aim of this transaction is to become a leading provider of innovative mobility services. Both automotive manufacturers aim to shape the mobility of the future to be able to offer their customers unique experiences and support their partners, such as cities and communes, in achieving sustainable urban mobility.
BMW Group targets ninth successive record year ++ Pre-tax profit over € 10 billion planned, despite increasing upfront expenditure ++ EBIT margin forecast within target range ++ Record sales volume targeted for Automotive segment ++ Free Cash Flow 2017 above target despite high investment ++ Record spending on tomorrow’s mobility targeted for 2018 ++ Krüger: Future of mobility is created today
Munich. The BMW Group is stepping up the pace in its drive to shape tomorrow's mobility. Two years after the launch of Strategy NUMBER ONE > NEXT, the BMW Group intends to increase upfront expenditure on research and development to an all-time high in 2018, while at the same time remaining steadily on course for a ninth record-breaking year in succession through profitable, sustainable growth.
“Our industry is currently experiencing a phase of unprecedented technological change. At the same time, however, it needs to cope with the challenge of present-day volatilities. At the BMW Group, we think in terms of opportunities and follow a clear strategy. Because the future of mobility is created today. We are stepping up the pace in 2018 and targeting our ninth successive record year,” stated Harald Krüger, Chairman of the Board of Management of BMW AG in Munich on Wednesday.
Deliveries up 5.8%: 178,910 units worldwide ++ Increases achieved in all major sales regions ++ Solid growth in Group’s two biggest markets: China and USA ++ Monthly BMW brand sales increase 5.1% to 155,328 ++ Record MINI sales in February: up 10.8% with 23,319 deliveries ++ BMW Group electrified vehicle sales +43.9% in February: 7,906 units ++ Electrified sales total 15,041 in year-to-date, an increase of 40.2% ++ Year-to-date BMW Group sales up 4.8% to 348,459 vehicles
Munich. Once again, sales at the BMW Group have achieved new heights with total sales in February up 5.8% (178,910). So far this year, a total of 348,459 BMW, MINI and Rolls-Royce vehicles have been delivered to customers around the world, which is an increase of 4.8% on the same period last year. Both figures represent new all-time sales records.
“The BMW brand achieved a solid sales increase of 5.1% in February, with all major sales regions making a positive contribution to this result,” said Pieter Nota, Member of the Board of Management of BMW AG, responsible for Sales and Brand BMW. “This is a big year for our popular X models: the all-new BMW X2 is just arriving in showrooms and at the motor show in Geneva last week, we premiered the new X4. Together with the BMW X3, which will see significantly increased availability in the second half of the year, I’m sure our X family will continue to be an important growth driver in the coming months. Another significant growth area is electro-mobility: with a year-to-date sales increase of over 40%, momentum is clearly building strongly for our electrified vehicles,” Nota continued.
Sales volume, earnings and revenues reach new record levels in 2017 ++ Pre-tax profit above € 10 billion for first time ++ Additional € 1 billion euros allocated on R&D ++ EBIT margin within target range ++ Dividend at record level
Munich. The BMW Group once again demonstrated its ability to generate sustained profitability in 2017, posting its eighth successive record year. Despite a significant increase in upfront expenditure for future mobility the company reported its best ever figures to date for sales volume, revenues and earnings. In addition, the BMW Group delivered more than 100,000 electrified vehicles to customers for the first time in a single year, firmly underpinning the Group’s role as a pioneer and key driver of electric mobility. In line with its Strategy NUMBER ONE > NEXT, the BMW Group continues to play a leading role in transforming the mobility sector with its future-oriented ACES programme: Automated, Connected, Electrified and Services.
“We can look back on the most successful year in our corporate history and have achieved record levels for revenues and earnings for the eighth year in succession,” stated Harald Krüger, Chairman of the Board of Management of BMW AG in Munich on Thursday. “Since 2016, we have taken numerous strategic decisions to further grow our business on a sustainable basis in the years ahead.”
Decrease of average CO2 emissions to 122 g/km ++ Reduction since 1995 totals more than 42 percent ++ All-electric BMW i4 will be manufactured in Munich
Munich. The BMW Group has reduced CO2 emissions from its new car fleet in Europe (EU 28) to 122 grams/kilometre. Compared to 2016, this marks a reduction of a further 2 gram/kilometre (2016: 124g/km). The BMW Group has been reducing CO2 emissions from its EU fleet for years: since 1995, the average CO2 emissions for new BMW Group vehicles sold in Europe has fallen by more than 42%.
“This development clearly shows that our e-mobility strategy is successful. We are adding more electric drives to our vehicle fleet, while also working on fuel-saving technologies for our conventional drives,” said Harald Krüger, Chairman of the Board of Management of BMW AG.
MINI brand set for growth with local partner ++ No plans for additional sales organisation in China ++ Expansion of BMW Brilliance Automotive joint venture
Munich. The BMW Group is in advanced discussions to ramp up the global success of its MINI brand through a new joint venture in China. A key element of the brand’s continued strategic development will be local production of future battery-electric MINI vehicles in the world’s largest market for electromobility. To this end, the BMW Group has signed a “letter of intent” with the Chinese manufacturer Great Wall Motor. In addition to production of the first battery electric MINI at the main plant in Oxford starting in 2019, this signals a further clear commitment to the electrified future of the MINI brand.
Next steps will be to agree on the details of a possible joint venture and cooperation agreement and clarify aspects such as the choice of production location and concrete investments. The BMW Group has no plans to set up an additional sales organisation in China. The company is firmly committed to continuing the successful cooperation with the established sales structure.
Munich. The German Federal Motor Transport Authority (KBA) today published the findings of tests conducted on the BMW 320d EfficientDynamics Edition (Fuel Consumption Combined ltr/100 km 4.3–3.9 (4.1–3.8), CO2 g/km 113–102 (109–99)) and confirmed that the vehicle examined fully complies with all legal requirements. The tests were carried out following criticism of the car’s emissions’ performance in December 2017 by the environmental lobby group “Deutsche Umwelthilfe” (Environmental Action Germany).
Klaus Fröhlich, member of the Board of Management of BMW AG responsible for Development, explained: “As a matter of principle, BMW Group vehicles are not manipulated and comply with all respective legal requirements. Our diesel engines are clean. The public and policymakers can rely on that – and, most of all, so can our customers and employees.”
The findings of the latest KBA tests once again confirm what has been repeatedly proven by numerous official reviews conducted by authorities worldwide: The BMW Group has no illegal activities or technical provisions of any kind that influence the test mode for recording emissions.
Sales increased in all major sales regions ++ BMW Group deliveries up 3.8% to 169,538 units ++ BMW sales increase by 3.4% to 148,400 vehicles ++ MINI brand sales climb 7.0% to 20,929 cars ++ BMW 5 Series sedan sales grow by 39.6% ++ BMW Group electrified vehicle sales increase by 36.7%
Munich. Following its seventh consecutive year of record sales, the world’s number one manufacturer of premium vehicles started 2018 with another record: the BMW Group has never sold so many cars in January as in this year. A total of 169,538 customers took delivery of a BMW, MINI or Rolls-Royce premium vehicle, an increase of 3.8% on the same month last year.
“We are driving the biggest model offensive in the company’s history and as availability ramps up in the course of the year, this will continue to come through in our sales results,” said Pieter Nota, Member of the Board of Management of BMW AG, responsible for Sales and Brand BMW. “Deliveries of the new BMW 5 Series sedan, for example, are up by 40%, while the introduction of the new BMW 6 Series GT has far more than doubled overall BMW 6 Series sales in the month. As we introduce more exciting new models like the all-new BMW X2 and increase supply of the BMW X3 in the second half of this year, I’m confident this record month is the start of another record year,” Nota continued.
BMW Group firmly focused on future mobility ++ Sixt will remain key partner for BMW Group ++ DriveNow: over one million customers in 13 European cities
Munich. With the acquisition of Sixt SE’s stake in DriveNow, the BMW Group continues its systematic development as a customer-centric mobility company. Today’s signing is subject to approval by antitrust authorities. With this move, the world’s leading provider of premium mobility is offering customers efficient, sustainable mobility solutions from a single source. The rapidly growing field of mobility services is one of the cornerstones of the BMW Group’s corporate strategy NUMBER ONE > NEXT, as evidenced by the BMW Group expanding its offering in the areas of on-demand mobility (DriveNow and ReachNow), parking (ParkNow) and charging (ChargeNow) in a sustainable way. The acquisition of the Sixt shares is therefore the next logical step in this strategy, following the acquisition of Parkmobile LLC in early January of this year, a move which made the BMW Group the world’s leading provider of digital parking solutions.
“We have achieved extraordinary success with DriveNow over the past seven years – thanks to the efforts of the DriveNow employees and the excellent cooperation with our joint venture partner, Sixt. Sixt will remain a strong partner for us in the future,” said Peter Schwarzenbauer, member of the Board of Management of BMW AG, responsible for MINI, Rolls-Royce, BMW Motorrad, Customer Engagement and Digital Business Innovation BMW Group. “Our aim is to win 100 million customers for our premium mobility services by 2025. With DriveNow as a wholly-owned subsidiary, we have all options for continued strategic development of our services in our hands. Our experience with mobility services supports our development of future autonomous, electrified and connected fleets,” Schwarzenbauer continued.
Seventh consecutive year of record sales ++ Global sales total 2,463,526: up 4.1% ++ Record sales for BMW, MINI, BMW Motorrad ++ New all-time highs for both BMW i and BMW M
Munich. The BMW Group achieved its best-ever annual sales in 2017, the seventh consecutive year it has achieved a new annual record. This success was spread throughout the company with both BMW and MINI brands achieving new all-time high figures. BMW M and BMW i also achieved record sales, as did BMW Motorrad. With this sales result, the BMW Group reconfirms its position as the world’s leading premium automotive company.
Record sales for BMW
The company’s core BMW brand achieved a new all-time sales high, growing sales by 4.2% across the year, to total 2,088,283. BMW X vehicles continued to be significant growth drivers with sales of X vehicles up 9.6% compared to the previous year, despite limited availability of the BMW X3 due to the introduction of the new generation in November. The BMW 5 Series limousine, which underwent a model change during 2017, achieved growth of 55.2% (30,359) in December, with sales of the world’s leading premium business sedan up 6.3% (291,856) in the full year. Other models which contributed to the brand’s growth in 2017 include the BMW 1 Series (201,968 / +14.7%), and the BMW 7 Series (64,311 / +4.5%).
Munich. Following the signing today of the US tax reform, Bayerische Motoren
Werke Aktiengesellschaft (“BMW AG”) expects a positive impact on income taxes
in its 2017 group financial statements.
One aspect of the US tax reform is a reduction of the US federal income tax rate
from 35% to 21% effective 1 January 2018. As a result, the deferred taxes in the
balance sheets of the US companies included in the BMW AG 2017 group financial
statements must be re-measured.
Based on initial calculations, BMW AG expects the re-measurement to have a
positive impact on deferred taxes in 2017 and therefore on group net profit in the
region of 950 to 1,550 million euros. The exact amount can only be computed
during preparation of the 2017 group financial statements.
The re-measurement of the deferred taxes has no impact on earnings before tax
(EBT) or cash flow in 2017.
From 2018, both the lower tax rate and negative effects included in the US tax
reform must be considered. The overall effect cannot currently be quantified with
Company’s first development location in Eastern Europe ++ Testing of ground-breaking technologies, such as electrification, digitalisation and automated driving ++ Investment in three-digit-million € range ++ Several hundred new jobs ++ Commissioning of 500-hectare area planned for early next decade
Munich/Prague. Representatives of the BMW Group, the Czech government and the Karlovary Vary region announced construction of a new proving ground today in Prague. The roughly 500-hectare property will be developed in Sokolov in the Karlovary Vary region, close to the German border town of Waldsassen and about two-and-a-half hours’ drive from the BMW Group’s main development site, the Research and Development Centre (FIZ), in Munich. The new BMW Group proving ground, which will create several hundred jobs, is slated to go into operation early in the next decade. Total investment will be in the three-digit million-euro range.
Dr. Herbert Grebenc, BMW AG, Human Resources, Senior Vice President Real Estate Management, Corporate Security, stated at the announcement in Prague: “The BMW Group is at the vanguard of technology. As an innovation driver, we aim to offer customers the best, most emotional mobility experience and create digital connections between people, vehicles and services. At the planned proving facility in Sokolov, we will continue to advance ground-breaking topics, such as electrification, digitalisation and automated driving – for example, through safety-testing for assistance systems.”
BMW Group deliveries up 5.2% to 220,649 units ++ BMW sales +4.8% to 186,346 vehicles ++ MINI brand sales climb 7.6% to 33,993 cars ++ New BMW 5 Series sedan segment leader for third consecutive month ++ BMW i3 sales YTD November higher than whole of 2016 ++ BMW Group world’s leading manufacturer of premium vehicles
Munich. BMW Group sales continued their positive trend last month with a total of 220,649 vehicles delivered to customers, an increase of 5.2% and a new all-time high for the month of November. With its three premium brands, BMW, MINI and Rolls-Royce, the BMW Group has sold a total of 2,229,497 vehicles so far this year, + 3.6% compared with the same period last year.
“With our strong premium brands, BMW, MINI and Rolls-Royce, the BMW Group covers all segments and is the world’s leading manufacturer of premium vehicles,” commented Dr. Ian Robertson, Member of the Board of Management of BMW AG, responsible for Sales and Brand BMW. “Strong demand for our new BMW 5 Series shows just how popular this new model is with customers around the globe. We also sold more electrified vehicles in November – 11,710 – than ever before in a single month. We are now looking forward to celebrating delivery of our 100,000th electrified vehicle before the end of the year,” Robertson added.
Focus on technological expertise in battery-cell development and production ++ Fifth-generation electric drivetrain integrates electric motor, transmission and power electronics in a single component ++ Rare-earth-free electric motor ensures resource independence
Munich. The BMW Group continues to focus on the implementation of its electro-mobility strategy, with the company concentrating all its technological expertise relating to battery cells at a new competence centre. Klaus Fröhlich, member of the BMW AG Board of Management, responsible for Research and Development, and Oliver Zipse, member of the BMW AG Board of Management, responsible for Production, were joined by Bavarian Minister of Economic Affairs Ilse Aigner for the symbolic ground-breaking of the BMW Group Battery Cell Competence Centre in Munich today. This interdisciplinary competence centre aims to advance battery cell technology and introduce it into production processes. The company will invest a total of 200 million euros in the location over the next four years, creating 200 jobs. The centre will open in early 2019.
Speaking at the ground-breaking ceremony, Klaus Fröhlich said: “We will be concentrating all our in-house expertise along the battery-cell value chain at our new high-tech competence centre. International experts working in the new development labs and facilities will conduct important research to refine cell chemistry and cell design. We will focus on further improvements in battery performance, lifespan, safety, charging and also costs. We will set the benchmark for the industry.”
SGL Carbon SE will acquire the 49% stake in stages, becoming the sole owner of SGL ACF ++ Purchase is in line with the strategy of supplying every step of the carbon fiber value chain from a single source ++ Cooperation with BMW Group on the supply of carbon fiber materials will continue ++ No impact on BMW AG's shareholding in SGL Carbon SE
Wiesbaden/Munich, November 24, 2017. SGL Carbon SE is acquiring BMW Group's 49% equity investment in the joint ventures SGL Automotive Carbon Fibers GmbH & Co. KG (Germany) and SGL Automotive Carbon Fibers LLC (US) – together referred to as ' SGL ACF'. An agreement on this matter was signed by SGL Group and BMW Group today. Once the deal has been completed, SGL Group will be the sole owner of SGL ACF. As is customary, the transaction is subject to approval from the respective authorities.
"We are proud of the pioneering work that we have carried out with BMW Group on lightweight construction for the automotive sector. The carbon fibers made at our plant in Moses Lake and the fabrics that are produced from them at the Wackersdorf site have proven very successful. It is now time to fully integrate this expertise into SGL Group's value chain," says Jürgen Köhler, Chief Executive Officer of SGL Group.
YTD deliveries total 2,008,849, increase of 3.4% ++ Electrified sales up 63.7% in first ten months: 78,096 delivered ++ Record sales continue for BMW, MINI and BMW Motorrad
Munich. For the first time ever at this point in the year, the BMW Group has delivered more than two million vehicles to customers around the world. A total of 2,008,849 vehicles have been sold in the first ten months of 2017, an increase of 3.4% on the same period last year. October sales of 197,601 (+0.8%) achieved the same high level as last year, despite the current changeover of the significant BMW X3 model, the new version of which is arriving in dealerships during November.
“Our sales results for the first ten months of the year confirm the broad range and appeal of our model line-up,” commented Dr Ian Robertson, BMW AG Management Board Member for Sales and Brand BMW. “Despite significant model changeovers and headwinds in some of our biggest markets, we have delivered over two million vehicles to customers in the first ten months of the year. Vehicles as wide-ranging as the BMW X1, the BMW 5 Series, 7 Series and the BMW i3, to name just a few, have all contributed to that growth,” he continued
Substantial upfront expenditure for tomorrow’s mobility ++ BMW Group will offer 25 electrified models by 2025 ++ Germany serves as innovation driver for mobility ++ Krüger: We are resolutely doing things the BMW way ++ Nine-month revenues and earnings up on previous year ++ EBIT margin in target range between 8 and 10 per cent
Munich. As set out in its Strategy NUMBER ONE > NEXT, the BMW Group is committed to playing a key role in tomorrow’s mobility and is investing substantially in new technologies. Against this background, the Group can report after the first three quarters that it remains firmly on track to complete a highly successful financial year 2017. Through sustainable profitability, the BMW Group is strengthening the position of Germany as a centre of expertise and driver of innovation for tomorrow’s mobility and technologies. As the world’s leading provider of premium mobility, the BMW Group always focuses on the needs and desires of its customers and is continuing its ground-breaking work on the four ACES topics (Autonomous, Connected, Electrified and Services/Shared).
"We are resolutely doing things the BMW way, keeping our promises and raising the bar for our own ambitious targets," stated Harald Krüger in Munich on Tuesday. "We are investing substantially in tomorrow's mobility, enabling us to maintain our leading position of innovation and sustainable employment. In this way, we remain a dependable partner for society, policymakers and the environment as well as one of the most attractive employers worldwide.”
Electrified sales in first nine months 2017 higher than in whole of 2016 ++ Sales of electrified BMW and MINI vehicles +64.2% in year-to-date ++ Total BMW Group deliveries up 3.7% in first three quarters ++ Record sales continue for BMW, MINI and BMW Motorrad
Munich. BMW Group sales of electrified vehicles in the first three quarters of 2017 have exceeded those achieved in the whole of 2016; in September, electrified sales topped the 10,000 mark for the first time in a single month. With the company’s electrified line-up already totalling nine models, a total of 10,786 (+50.5%) BMW i, BMW iPerformance and MINI Electric vehicles were delivered in September, bringing the year-to-date total to 68,687 (+64.2%).
“We are pleased to see the ongoing, strong sales development of our unrivalled range of electrified vehicles, with independent reports* confirming our leadership in the field of electromobility,” commented Dr Ian Robertson, BMW AG Management Board Member for Sales and Brand BMW. “The BMW Group has the largest share of the electrified market worldwide; this year, we’ve already sold more electrified vehicles than in the whole of last year and we are well on track to deliver our target of 100,000 by year-end. The continued significant sales growth of these vehicles is due in part to the increasing availability of the BMW 5 Series plug-in hybrid, which in some markets accounts for up to a third of BMW 5 Series sedan sales,” he continued.
August deliveries total 169,913, up 2.7% ++ BMW Group ytd sales increase 4.2% to 1,571,467 ++ New record sales for BMW, MINI and BMW Motorrad ++ Year-to-date electrified sales increase 67.0% to 57,895 ++ BMW 5 series and MINI Countryman PHEV drive August EV sales
Munich. August saw a new record achieved in BMW Group sales with deliveries in the month totalling 169,913 worldwide, a 2.7% increase year-on-year. The company also sold more vehicles than ever before in the first eight months of the year, with a total of 1,571,467 (+4.2%) vehicles delivered to customers around the world.
“When we announced our second quarter results in early August, we reported yet another quarter within our profit guidance and profitability remains our clear focus,” said Dr Ian Robertson, Management Board Member for Sales and Brand BMW. “While we continue to see headwinds in several key markets and have the model changeover of the BMW X3 and the BMW 5 Series in China, we have nonetheless achieved a new record level of sales for August. Our nine electrified vehicles continue to enjoy increasing success, with the two newest additions – the BMW 5 Series and the MINI Countryman plug-in hybrid variants – achieving strong sales,” he continued.
On September 7, Harald Krüger, Chairman of the Board of Management BMW AG, and Klaus Fröhlich, Member of the Board of Management BMW AG for Development, provided an outlook on the International Motor Show IAA 2017. Here you will find the speech by Harald Krüger on the strategic alignment of the BMW Group with a strong focus on electro-mobility, as well as Klaus Fröhlich’s speech about the technological implementation of Strategy NUMBER ONE > NEXT.
BMW Group, Intel Corporation, Mobileye, an Intel company, and Fiat Chrysler Automobiles (FCA) signed a memorandum of understanding for FCA to join them in developing a world leading, state-of-the-art autonomous driving platform +++ The cooperation allows the companies to leverage each other’s individual strengths, capabilities and resources +++ The platform will be scalable for Level 3 to Level 4/5 automated driving
MUNICH, 16 August, 2017 – BMW Group, Intel and Mobileye announced today that they have signed a memorandum of understanding with the intention for Fiat Chrysler Automobiles (FCA) to be the first automaker to join them in developing a world leading, state-of-the-art autonomous driving platform for global deployment.
The development partners intend to leverage each other’s individual strengths, capabilities and resources to enhance the platform’s technology, increase development efficiency and reduce time to market. One enabler to achieve this will be the co-location of engineers in Germany as well as other locations. FCA will bring engineering and other technical resources and expertise to the cooperation, as well as its significant sales volumes, geographic reach and long-time experience in North America.
Year-to-date electrified sales increase 74.8% to 50,711 ++ BMW Group delivers 1,401,551 vehicles in ytd, up 4.3% ++ BMW Group sales in July up 0.4% to 180,726
Munich. The BMW Group had its best July ever, with sales in the month totalling 180,726, a 0.4% increase year-on-year. The company also sold more vehicles than ever before in the first seven months of the year with a total of 1,401,551 (+4.3%) vehicles delivered to customers around the world.
“Following a record first half-year, our sales in July remain at a very high level, with profitability our primary focus,” said Dr Ian Robertson, Management Board Member for Sales and Brand BMW. “Despite continuing headwinds in the USA, as well as the model changeover of the BMW X3 and the BMW 5 Series in China, we were still able to achieve last year’s high sales levels, due to our policy of balanced global sales growth. Sales of our electrified vehicles continue to develop extremely well, with all nine of our electrified cars playing their role in this success,” he continued.
Growth in second-quarter revenues and earnings ++ EBIT margin in target range between 8 and 10 per cent ++ Well on track for 100,000 electrified vehicles in 2017 ++ Additional co-operation partners for autonomous driving ++ Krüger: Forging ahead with e-mobility at top speed
Munich. After another strong performance in the first half of 2017, the BMW Group remains fully committed to implementing its Strategy NUMBER ONE > NEXT with the ultimate aim of shaping the mobility of the future and the transformation of the automobile sector. As the world’s leading provider of premium mobility, the BMW Group always focuses on the needs and desires of its customers and is continuing its ground-breaking work on the four ACES topics (Autonomous, Connected, Electrified und Services/Shared).
The Group's primary focus is on expanding electric mobility and automated driving. The BMW iNEXT will set new standards in both of these fields and will act as a technological spearhead. It will be manufactured at Plant Dingolfing from 2021, underlining the significance of Germany for future technologies and as a centre of competence for electric mobility. Germany will also serve as a key location for the development of autonomous driving. As part of the co-operation arrangements established with Intel and Mobileye, the first engineers from all three companies will move to the new development campus in Unterschleißheim near Munich in the course of the current year. Moreover, one year since the co-operation began, a number of other prestigious partners including Delphi and Continental have also joined the project.
Krüger: Sustainability as much part of us as Sheer Driving Pleasure ++ Innovative strength will ensure mobility Made in Germany ++ Forging ahead with e-mobility at top speed ++ Cutting-edge Euro 6 diesels reduce emissions and CO2 output ++ BMW Group supports EU-wide fleet renewal and offers free upgrade for Euro 5 diesels in Germany
Munich. Sheer driving pleasure, BMW i, EfficientDynamics: at the BMW Group, emotion and sustainability go hand in hand. The company’s strength as an innovator and its consistent future focus will ensure the success of premium mobility “Made in Germany”. From electric powertrains to cutting-edge, low-emission, low-carbon diesel solutions that meet Euro 6 standards, the BMW Group sets the technological benchmark.
“Sustainability is as much a part of us as Sheer Driving Pleasure. With BMW i, we were the first German manufacturer to make a clear commitment to electric mobility,” BMW AG Management Board Chairman Harald Krüger explained. “But as well as emotion and pleasure, we are convinced that future mobility must be sustainable mobility. We are driving the transition as hard and as fast as possible and have launched more electrified vehicles than any of our established competitors.”
Flexible vehicle architecture to enable electrification of every model series ++ Fully electric MINI confirmed as MINI 3 door variant ++ Electric drivetrain Made in Germany, integrated into car in Oxford
Munich. Electrification is one of the central pillars of the BMW Group’s corporate strategy NUMBER ONE > NEXT and the company has announced that all brands and model series can be electrified, with a full-electric or plug-in hybrid drivetrain being offered in addition to the combustion engine option. Additional electrified models will be brought to market in the coming years and beyond 2020, the company’s next generation vehicle architecture will enable further fully-electric vehicles.
Today, the BMW Group announced that the new battery-electric MINI will be a variant of the brand's core 3 door model. This fully electric car will go into production in 2019, increasing the choice of MINI powertrains to include petrol and diesel internal combustion engines, a plug-in hybrid and a battery electric vehicle. The electric MINI’s electric drivetrain will be built at the BMW Group’s e-mobility centre at Plants Dingolfing and Landshut in Bavaria before being integrated into the car at Plant Oxford, which is the main production location for the MINI 3 door model.
BMW Group categorically rejects accusations ++ BMW specific technology secures low emissions in real-life driving
Munich. Due to current media reports, the BMW Group considers it has become necessary to make its position regarding recent allegations clear.
As a matter of principle: BMW Group vehicles are not manipulated and comply with respective legal requirements. Of course this also applies to diesel vehicles. Confirmation of this is provided by the results of relevant official investigations at the national and international level.
The BMW Group categorically rejects accusations that Euro 6 diesel vehicles sold by the company do not provide adequate exhaust gas treatment due to AdBlue tanks that are too small.
Technology employed by the BMW Group is clearly differentiated from other systems in the market. We compete to provide the best exhaust treatment systems: unlike other manufacturers, BMW Group diesel vehicles employ a combination of various components to treat exhaust emissions. Vehicles which use urea injection with AdBlue (SCR) to treat exhaust emissions also employ a NOx-storage catalytic converter. With this combination of technologies, we fulfil all legal emissions requirements and also achieve a very good real-life emissions performance. This means there is no need to recall or upgrade the software of BMW Group Euro 6 diesel passenger cars.
BMW Group sales in first half-year up 5.0% to 1,220,819 ++ Electrified vehicles sales increase 80% to 42,573 ++ BMW Group delivers 232,620 vehicles in June, up 2.1% ++ BMW sales increase 2.0%, totalling 192,873 ++ MINI sales grow 3.0% to 39,443 ++ Market launch of MINI Countryman PHEV grows electrified range to nine models
Munich. BMW Group sales achieved their best ever June, with sales in the month totalling 232,620, a 2.1% increase year-on-year. It was also a record first half-year with sales of the BMW Group’s three premium brands, BMW, MINI and Rolls-Royce, increasing by 5.0%; a total of 1,220,819 vehicles have been delivered to customers around the world so far this year.
“June rounds off our best ever first half-year and the BMW Group remains the world’s leading premium car company,” commented Dr Ian Robertson, Member of the BMW AG Board of Management with responsibility for Sales and Brand BMW. “We’ve already sold more than a million BMW vehicles this year, which is a new first-half-year record. June also saw our successful electrification strategy expand still further to include the MINI brand, meaning customers can now choose from nine electrified BMW Group vehicles. With sales of these models up by eighty per cent compared with the first half of last year, we’re looking forward to celebrating delivery of the 200,000th electrified BMW Group vehicle later this year,” he continued.
Currently over 9,000 employees, creation of further 1,000 jobs by 2021 ++ US $ 8 billion invested since announcement of the plant, further US $ 600 million from 2018 to 2021 ++ Maximum production capacity of 450,000 units ++ Around 70 percent for export ++ World premiere of new BMW X3, BMW X7 coming in 2018
Munich/Spartanburg. The BMW Group has been a committed “local player” in the US market for a quarter-century: On 23 June 1992, the BMW Group announced its decision to build its US plant in Spartanburg, South Carolina. Continuous expansion of the plant with extensive additions and the decision to build the successful BMW X models in Spartanburg have made the plant the largest manufacturing facility in the BMW Group production network within the space of 25 years. During the ceremony to mark the anniversary, the all-new BMW X3 rolled off the production line in Spartanburg. More than 1.5 million BMW X3 vehicles have been delivered to customers worldwide since it was first launched at the end of 2003. The new BMW X3 will be launched in fall 2017.
Harald Krüger, Chairman of the Board of Management of BMW AG, stated at the ceremony: “The BMW Group’s success story in the US would not have been possible without the open arms and warm hearts of the people and elected officials in the great state of South Carolina and the surrounding region. Our relationship with South Carolina has been built upon decades of professionalism, mutual trust and respect – and goes far beyond just building great cars.”
208,447 vehicles delivered worldwide, up 5.1% ++ BMW sales grow by 5.3% to 177,050 vehicles ++ MINI sales increase by 4.2% to 31,124 vehicles ++ BMW Group year-to-date sales total 988,185, up 5.7% ++ Sales of electrified models increase by 80.6% (33,221) YTD
Munich. The BMW Group continued the positive sales trend of the past months, with sales in May totalling 208,447 vehicles, a 5.1% increase year-on-year. With its three premium brands, BMW, MINI and Rolls-Royce, the BMW Group sold 988,185 vehicles in the first five months, up 5.7%.
“Customers around the world are excited by our innovative, new products,” commented Dr Ian Robertson, BMW AG Management Board Member responsible for Sales and Brand BMW. “In May, we once again achieved sustainable, profitable growth across our three premium automotive brands, as well as at BMW Motorrad,” he continued. “Growth at BMW has been in part driven by our expanding electrified range – sales of these vehicles have risen over 80% in the first five months. With eight models, the BMW Group offers its customers the broadest range of electrified premium vehicles available on the market today.”
Major expansion of BBA Plant Dadong in Shenyang ++ Total capacity in Dadong and Tiexi up to 450,000 units per year ++ Investment of one billion euros ++ Start of production for new long-wheelbase BMW 5 Series Sedan
Munich/Shenyang. BMW Brilliance Automotive (BBA) today opened the newly-built north section of its automotive plant in Dadong/Shenyang, China. The first long-wheelbase version of the new BMW 5 Series Sedan rolled off the production line during the opening ceremony. The northern extension comprises all production areas of a full plant and boasts a highly-advanced production system with the latest sustainability standards. With its two production locations in Dadong and Tiexi, BBA will have a total annual capacity of up to 450,000 units.
“The Dadong plant demonstrates the success of our joint venture and the BMW 5 Series in China. The extension of the northern section underlines our clear commitment to the Chinese market. BBA has invested a total of one billion euros in the expansion of its Dadong production location over the past three years. The locally-produced BMW 5 Series has been an unmitigated success: It was the top-selling vehicle in the premium segment in China in 2016 and we expect it to remain the leader in its segment,” remarked Dr. Nicolas Peter, member of the Board of Management of BMW AG responsible for Finance, at the opening ceremony in China.
Munich. During an inaugural visit to Germany, United States Secretary of Labor Alexander Acosta today visited the BMW Group’s Munich headquarter and manufacturing plant. Secretary Acosta and staff from the Department of Labor were received by Harald Krüger, Chairman of the BMW AG Board of Management. The visit included an extensive tour through the BMW Group’s production and technical apprenticeship training facility, with opportunities for discussions through all levels of the company from board members to young apprentices just starting their training.
This high-level visit builds on the initiative to strengthen skilled US-workforce training started during Chancellor Angela Merkel’s visit to the White House in March of this year. During a roundtable with the German Chancellor and US President, Harald Krüger and five other CEOs from both German and United States industry agreed to use the German apprenticeship model as a basis for a co-operation to prepare the US workforce and the manufacturing sector in particular for the labor market of the 21st century.
192,494 vehicles delivered worldwide in April, up 7.4% ++ BMW sales increase 9.4%, totalling 164,641 ++ BMW Group year-to-date sales total 779,736, plus 5.8% ++ Over 25,000 electrified models sold in year-to-date, up 82.7%
Munich. BMW Group sales achieved a new all-time high for April, with sales in the month totalling 192,494, a 7.4% increase year-on-year. The first four months of the year also set a new record, with sales of the BMW Group’s three premium brands, BMW, MINI and Rolls-Royce, increasing by 5.8% to 779,736.
“Thanks to the strength of our model line-up, the BMW Group continues to achieve sustainable, profitable sales growth month after month,” commented Dr Ian Robertson, Member of the BMW AG Board of Management with responsibility for Sales and Brand BMW. “Customer demand is high across the range with a number of stand-out models, including the X1, the 5 Series and the 7 Series. As availability of the new BMW 5 Series ramps up, demand for this new generation is twice as high as for the previous model at this point in the market launch,” he continued. “With demand for our electrified vehicles up over 80%, I’m confident that we’ll achieve our target of delivering 100,000 electrified cars on the road this year, underlining our industry-leading position in the field,” he added.
Munich. At today’s Annual General Meeting, Chairman of the Board of Management of BMW AG Harald Krüger announced the arrival of a new concept car. The BMW Group will present a design study at this year’s Concorso d’Eleganza Villa d’Este on 26 May 2017 which provides an exclusive look ahead to the BMW 8 Series Coupe slated for 2018. The concept car embodies uncompromising dynamics and contemporary luxury – the essence of a modern BMW coupe.
“The BMW 8 Series Coupe will build on our tradition of luxurious sports coupes and add a genuine dream car to our line-up – a slice of pure automotive fascination,” says Krüger, looking ahead to the new model. “The 8 Series Coupe will underpin our claim to leadership in the luxury segment. I can tell you today that this will be a true luxury sports coupe.”
Up to 550 electrified carsharing-vehicles in Hamburg by 2019 ++ Expansion of public charging infrastructure ++ Privileges for electric vehicles and car-sharing
Munich/Hamburg. The Free and Hanseatic City of Hamburg and the BMW Group today signed a Memorandum of Understanding to form a strategic partnership concerning urban mobility. It aims to expand the Hamburg based fleet of electrified DriveNow vehicles to around 550 by 2019. DriveNow is the car-sharing joint venture between the BMW Group and SIXT SE. Plans call for around 400 pure electric vehicles and about 150 plug-in hybrids. At the same time, Hamburg intends to provide a total of 1,150 charging points in stages by 2019 and will become the first city in Germany to offer a significant number of parking spaces for car-sharing and electric vehicles.
“With Hamburg as our strong partner, we want to continue expanding our highly-attractive options for sustainable individual mobility in the city and help improve environmental conditions in urban areas,” explained Peter Schwarzenbauer, member of the Board of Management of BMW AG, responsible for MINI, Rolls-Royce, BMW Motorrad, Customer Engagement and Digital Business Innovation BMW Group. “DriveNow is already a genuine success story – in Hamburg and in other cities. I firmly believe this is an important step to win over even more users for electrified car-sharing,” Schwarzenbauer continued.
Significant revenues and earnings growth ++ Automotive segment EBIT margin within target range ++ Sales of electrified vehicles doubled ++ Made in Germany: BMW iNEXT to be produced in Dingolfing ++ BMW Group reaffirms outlook for full year 2017 ++ Krüger: Focus on profitability and rigorous implementation of Strategy NUMBER ONE > NEXT
Munich. The BMW Group has begun the financial year 2017 with a solid first quarter and made excellent progress in terms of implementing Strategy NUMBER ONE > NEXT. Deliveries of electrified vehicles, for instance, doubled to nearly 20,000 units in the first quarter. In addition, the BMW Group announced its intention to build the BMW iNEXT as the company’s technological spearhead at its Dingolfing plant. The iNEXT, which is due to be unveiled in 2021, will set the benchmark in terms of automated driving, electrification and connectivity. The decision underlines the significance of Germany as a location for developing future technologies and shaping tomorrow’s mobility.
The BMW Group recorded significant first-quarter growth in terms of both revenues and net profit. Alongside a solid operating performance, positive valuation-related earnings effects included in the financial result also contributed to the sharp rise in profit before taxes. “We shall continue to focus on rigorously implementing Strategy NUMBER ONE > NEXT and ensuring sustainable high profitability in order that we can shape future mobility by leveraging our own resources. That is how we will measure our success,” commented Harald Krüger, Chairman of the Board of Management of BMW AG, in Munich on Thursday.
BMW Group Plant Dingolfing to produce BMW iNEXT from 2021 ++ Plants will be able to build vehicles with combustion engine, plug-in hybrid or fully electric drive train in parallel
Munich/Dingolfing. The BMW Group today announced its plans to expand electro-mobility. At a meeting with Bavarian State Minister of Economic Affairs, Ilse Aigner, Oliver Zipse, member of the Board of Management of the BMW Group, responsible for Production said: “The BMW Group is a pioneer and an innovator in electro-mobility. We will begin producing the fully electric BMW iNEXT here at our Dingolfing plant in 2021. This decision will further strengthen our German production locations, which, with their innovation capabilities, play a leading role all across our production network. In the area of electro-mobility, in particular, our aim is to ensure end-to-end systems expertise within the company.”
BMW Group plants worldwide will benefit from the German sites’ production expertise and technology knowhow. At nine locations around the globe, the company already produces nine electrified models, including eight plug-in hybrids. The all-electric BMW i3, which is manufactured at BMW Group Plant Leipzig, will be joined by the first fully electric MINI in 2019, a fully electric BMW X3 in 2020 and the BMW iNEXT from 2021. The Dingolfing plant does produce components such as high-voltage batteries and electric engines for these vehicles.
Munich. In the first quarter of the financial year 2017, the BMW Group achieved a profit before tax of € 3,005 million (2016 Q1: € 2,368 million / +26.9%). This result exceeds current market expectations and was driven in particular by positive valuation effects.
The significant increase of the profit before tax was largely due to the following effects in the financial result:
- A positive valuation effect of € 183 million in connection with the participation of new investors in the mapping service HERE
- An increase in the other financial result of € 122 million, driven mainly by valuation effects
- A higher profit contribution from the Chinese joint venture BMW Brilliance Automotive Ltd
Group revenues totalled € 23,448 million in the reporting period, an increase of 12.4% compared with last year’s figure of € 20,853 million.
254,862 vehicles delivered worldwide in March, up 5.9% ++ BMW sales increase 5.3%, totalling 212,093 ++ MINI sales grow 8.7% to 42,447 ++ BMW Group sales in first quarter up 5.3% to 587,237 ++ More than half a million BMWs sold in first quarter ++ Almost 20,000 electrified models sold in first quarter ++ Sales growth achieved in all major sales regions
Munich. BMW Group sales achieved their best ever March, with sales in the month totalling 254,862, a 5.9% increase year-on-year. It was also a record first quarter with sales of the BMW Group’s three premium brands, BMW, MINI and Rolls-Royce, increasing by 5.3%; a total of 587,237 vehicles have been delivered to customers around the world so far this year.
“We’ve achieved a strong start to the year, with our X-family models and the BMW 7 Series being the main growth drivers,” commented Dr Ian Robertson, Member of the BMW AG Board of Management with responsibility for Sales and Brand BMW. “March was the first full sales month for the new BMW 5 Series Sedan and the customer feedback for this benchmark car is already very positive,” he continued. “Our electrified models also continue to show extremely strong growth, with almost 20,000 sold in the first quarter, meaning we’re on track to achieve our target of 100,000 electrified vehicle sales this year. As we start the biggest model offensive the company has ever undertaken, I’m confident 2017 will be another record year for the BMW Group, retaining our leading position in the industry,” he added.
Product offensive: BMW Group to launch 40 new or revised models by end of 2018 ++ Luxury segment: sales volume to grow significantly by 2020 ++ More electric mobility: focus on flexibility ++ Targets for 2017: Slight rise in Group profit before tax, automotive segment sales volume and revenues ++ 2016: Best-ever revenues and earnings figures ++ Krüger: “Clear focus on the needs of our customers”
Munich. After reporting best-ever revenues and earnings figures for the seventh year in succession, the BMW Group intends to continue its course of sustainable and profitable growth, while also expanding its role as innovation leader. The company’s core business will be strengthened by the targeted addition of new models and continued work on the strategic areas of electric mobility and automated driving.
“Once again, we are targeting record sales volume, revenues and earnings in 2017,” stated Harald Krüger, Chairman of the Board of Management of BMW AG in Munich on Tuesday. The BMW Group forecasts a slight increase in Automotive segment deliveries to customers in the current financial year, which would result in a corresponding growth in segment revenues. Group profit before taxes is also expected to improve slightly.
169,073 vehicles delivered worldwide in February, up 3.1% ++ BMW sales up 3.0%, totalling 147,789 ++ MINI sales grow 3.2% to 21,045 ++ BMW Group sales in first two months up 4.9% to 332,369 ++ BMW electrified models more than double in year-to-date ++ Sales growth achieved in all world regions
Munich. BMW Group sales grew further in February, reaching a new all-time high level of 169,073 vehicles delivered worldwide, an increase of 3.1% compared with the same month last year. With its three premium brands, BMW, MINI and Rolls-Royce, the BMW Group has sold a total of 332,369 vehicles since the beginning of the year, up 4.9%.
“The first two months of the year have seen growth in all major sales regions, despite the model change-over of the 5 Series,” said Dr Ian Robertson, Member of the BMW AG Board of Management with responsibility for Sales and Brand BMW. “February was an important month for us, with the market launch of the new BMW 5 Series. Initial sales of this benchmark car are strong and we’re confident that this model in particular will ensure increasing momentum as the year continues,” he added.
Sales volume and revenues achieve new all-time high in 2016 ++ Group net profit up 8.0% to € 6.9 billion ++ Pre-tax Group return on sales improves to 10.3% ++ EBIT margin in the Automotive segment within or above target range of 8-10% for seventh year in succession ++ Moody’s raises rating for BMW Group to A1 ++ Dividend of €3.50 per share of common stock proposed ++ Krüger: a record year to start the NEXT 100 YEARS
Munich. The BMW Group continued its successful course during its 101st year, reporting its best ever figures to date for sales volume, revenues and earnings. “2016 was the first step in the NEXT 100 YEARS of the BMW Group. We have turned our centenary year into the most successful 12-month period in our corporate history and posted new record levels in terms of revenues and earnings for the seventh year in a row,” stated Harald Krüger, Chairman of the Board of Management of BMW AG in Munich on Thursday. “We are fully focused on implementing our Strategy NUMBER ONE > NEXT, guiding the BMW Group along the “ACES” route: Automated, Connected, Electrified and Shared.”
In the first year of Strategy NUMBER ONE > NEXT, the BMW Group announced its cooperation with Intel and Mobileye in the field of highly and fully automated driving, launched the ReachNow car-sharing service in the USA and set out the next steps in its electrification strategy. “From 2019 onwards, we will be firmly embedding all-electric, battery-powered mobility in our core brands. The electric MINI and the electric BMW X3 will be visible proof of how we are embracing innovations introduced with BMW i on a broader scale,” commented Krüger. The BMW iNEXT, set for launch in 2021, will be the BMW Group’s new technological spearhead. “The iNEXT will embody the future of mobility, setting new standards for automated driving, electric mobility, connectivity and design alike,” Krüger continued. Moreover, the BMW Group will launch further plug-in hybrid models powered by both electric and combustion engines; the electrified BMW 5 Series and MINI Countryman will be on the market in 2017.
163,288 vehicles delivered worldwide, up 6.8% ++ BMW sales up 7.2%, totalling 143,553 ++ MINI sales grow 3.7% to 19,563 ++ BMW electrified models double sales in January ++ Sales growth achieved in all world regions
Munich. Following on from a sixth consecutive record-breaking year, sales at the BMW Group achieved their best-ever start to the year with January figures showing increased deliveries in all world regions. With its three premium brands, BMW, MINI and Rolls-Royce, the BMW Group delivered a total of 163,288 vehicles worldwide, an increase of 6.8% compared with January last year.
“We’ve started the year well, building on the success of 2016,” said Dr Ian Robertson, Member of the BMW AG Board of Management with responsibility for Sales and Marketing BMW. “We’re confident that the new models we’re bringing to market this year, especially the new generation BMW 5 Series which is about to arrive in dealerships, will ensure further momentum as the year goes on. We continue to focus on profitability and sustainable levels of growth distributed around the world,” he added.
Worldwide 2,367,603 vehicles delivered, up 5.3% ++ BMW, MINI and BMW Motorrad all achieve new sales records ++ BMW annual sales top 2 million for the first time, up 5.2% ++ MINI sales top 360,000 vehicles for first time, up 6.4% ++ Over 62,000 electrified vehicles sold in 2016 ++ More than 1 million vehicles delivered in Europe ++ Over half a million vehicles sold in Mainland China
Detroit / Munich. The BMW Group achieved its best ever sales in 2016, the sixth year in a row the company has set a new sales record, maintaining its position as the world’s leading premium car company with its three brands, BMW, MINI and Rolls-Royce. Having recorded steady sales growth throughout the year, a total of 2,367,603 BMW Group vehicles were sold around the world in 2016, an increase of 5.3% compared with the previous year.
“As our model line-up has expanded, so have our sales, making 2016 our most successful year ever,” commented Dr Ian Robertson, Member of the BMW AG Board of Management with responsibility for Sales and Marketing BMW, speaking at the North America International Motor Show in Detroit. “Despite headwinds in some markets, our policy of balanced global sales has paid off, as we increased our worldwide sales month by month,” he continued. “The sales development of our electrified vehicles has been particularly positive, with more than 62,000 delivered in 2016. I am confident we can continue this momentum and build on our course of profitable, sustainable growth into 2017,” he added.
Worldwide 209,743 vehicles delivered, up 6.2% ++ Year-to-date sales increase 5.8%: 2,152,393 vehicles sold ++ BMW year-to-date deliveries up 5.6% to 1,824,490 ++ MINI sales climb 7.4% in first eleven months: 324,417 delivered ++ 55,000 electrified BMWs sold in year-to-date
Munich. Sales of BMW Group vehicles achieved a new record for November with total sales of 209,743 units, an increase of 6.2% on the same month last year. This result brings the year-to-date sales total to 2,152,393, an increase of 5.8% compared with the same period last year.
“We have achieved yet another month of solid growth across all the BMW Group’s premium brands,” said Dr Ian Robertson, Member of the BMW AG Board of Management with responsibility for Sales and Marketing BMW. “We have grown our sales every month since November 2011 – five years of continuously increasing sales, in line with the expansion of our model range. The addition of our electrified vehicles has made a significant contribution to that growth and that segment is growing month for month,” he added.
Joint Venture to deploy a high-powered DC charging network for battery electric vehicles (BEV) covering long-distance travel routes in Europe ++ Power levels up to 350 kW significantly reduce charging time compared to available systems ++ Build-up of about 400 ultra-fast charging sites planned in Europe ++ Network is based on the Combined Charging System (CCS) standard which uses a connector that is fully compatible with most current and next generations BEVs ++ Unprecedented collaboration of the automakers would form a brand-independent network for charging infrastructure
Stuttgart, November 29, 2016 – BMW Group, Daimler AG, Ford Motor Company and Volkswagen Group with Audi and Porsche have signed a Memorandum of Understanding to create the highest-powered charging network in Europe. The goal is the quick build-up of a sizable number of stations in order to enable long-range travel for battery electric vehicle drivers. This will be an important step towards facilitating mass-market BEV adoption.
The projected ultra-fast high-powered charging network with power levels up to 350 kW will be significantly faster than the most powerful charging system deployed today. The build-up is planned to start in 2017. An initial target of about 400 sites in Europe is planned. By 2020 the customers should have access to thousands of high-powered charging points. The goal is to enable long-distance travel through open-network charging stations along highways and major thoroughfares, which has not been feasible for most BEV drivers to date. The charging experience is expected to evolve to be as convenient as refueling at conventional gas stations.
Worldwide 196,002 vehicles delivered, up 2.3% ++ Year-to-date sales rise 5.8%: 1,942,642 vehicles sold ++ BMW year-to-date deliveries up 5.5% to 1,646,743 ++ MINI sales up 7.3% in first ten months: 292,823 delivered ++ 100,000th electrified BMW delivered since launch of BMW i
Munich. Sales of BMW Group vehicles were higher than ever before in October, with total sales of 196,002 units, an increase of 2.3% on the same month last year. This result brings the year-to-date sales total to 1,942,642, an increase of 5.8% compared with the first ten months of last year.
“All the BMW Group’s premium brands have contributed to this latest set of record sales results and I am confident this will continue as we head towards year-end,” said Dr Ian Robertson, Member of the BMW AG Board of Management with responsibility for Sales and Marketing BMW. “We’ve just seen the sale of our 100,000th electrified vehicle, underlining our success in the increasingly important electro-mobility segment,” he continued. “Our strategy of flexible, global sales enabled us to offset headwinds in some markets by strengthening sales in other regions, ensuring that profit can remain our focus worldwide.”
Third quarter: Net profit up 15 percent ++ Automotive segment: EBIT margin remains in target range ++ Full year 2016: Forecast reaffirmed ++ E-mobility: Over 100,000 electrified BMW vehicles on the streets today ++ E-mobility: BMW Group to expand electrification of core brands to include MINI and BMW X3 battery versions
Munich. The BMW Group continued to chart a course of profitable growth in the third quarter 2016 and revealed how the next stages of its Strategy Number ONE > NEXT will be implemented. As the world’s leading provider of premium products and services for individual mobility, the BMW Group recorded its best ever third quarter sales volume and net profit figures. The company also published details regarding the second phase of its electrification strategy.
“We posted new record earnings and continued to grow profitably – thereby maintaining a strong basis for the consistent implementation of our strategy,” said Harald Krüger, Chairman of the Board of Management of BMW AG, on Friday. “We are already achieving measurable success in the areas in which the entire sector is judged, namely our successful electrification strategy, with more than 100,000 electric vehicles on the roads already today, and our consistent achievement of high profitability, which enables us to finance future investments from our own resources.”
Worldwide sales total 237,973, increase of 10.5% ++ Year-to-date sales up 6.2%: 1,746,638 vehicles delivered ++ BMW deliveries increase 9.4% in September: 197,419 vehicles ++ MINI’s best-ever month: 40,164 units sold, increase of 16.1% ++ Rolls-Royce achieves record third-quarter sales ++ BMW Motorrad sales reach new year-to-date high ++ Sales of BMW electrified models top 40,000 in year-to-date
Munich. The BMW Group achieved a worldwide double-digit sales increase in September, continuing the company’s long-term upward sales trend and securing a new record for the month. A total of 237,973 vehicles were delivered to customers around the world, an increase of 10.5% on the same month last year. This result brings the year-to-date sales total to 1,746,638 – up 6.2% compared with the same period last year and the company’s best ever sales result for the first three quarters of the year.
“Once again, the BMW Group has delivered strong sales growth across the company’s line-up,” commented Dr Ian Robertson, Member of the BMW AG Board of Management with responsibility for Sales and Marketing BMW. “Demand for our premium models continues to grow around the world and in all vehicle classes. Customer interest in our broad range of electrified models is also stronger than ever, with a clear upward trend. Our policy of balanced global sales continues to deliver sustainable success and profitability remains our primary focus,” Robertson added.
Munich. The BMW Group has bestowed its fourth BMW Supplier Innovation Award. A total of six suppliers were honoured for their outstanding achievements in innovation and development.
Innovation lays the foundation for the BMW Group’s economic success and future competitiveness. Suppliers are key partners in this process and play a decisive role in the implementation of new developments. Innovative strength and collaborative partnerships with suppliers are highly valued by the BMW Group and recognised with this award.
Klaus Draeger, member of the Board of Management of BMW AG, responsible for Purchasing and Supplier Network, underlined the future importance of new technologies at the award ceremony in the BMW Welt. Speaking to the audience of 300 senior representatives of the international supplier industry he said: “Within two to three decades, mobility will be defined by sustainability, connectivity and automated driving. Innovations will be more important than ever going forward – especially since premium vehicles with strong emotional appeal depend on them. The only way to assure and strengthen our innovation capability is through close links with our suppliers and development partners.”
AUDI AG, BMW Group, Daimler AG, Ericsson, Huawei, Intel, Nokia and Qualcomm Incorporated team up to evolve, test and promote communications solutions for connected mobility ++ Next generation mobile networks will help to address society’s mobility and road safety needs with applications like connected infotainment features and connected automated driving ++ The association is open to further partners
Munich. Today AUDI AG, BMW Group, Daimler AG, Ericsson, Huawei, Intel, Nokia and Qualcomm Incorporated, announce the formation of the “5G Automotive Association”. The association will develop, test and promote communications solutions, support standardization and accelerate commercial availability and global market penetration. The goal is to address society’s connected mobility and road safety needs with applications such as connected automated driving, ubiquitous access to services and integration into smart cities and intelligent transportation.
With next generation 5G mobile networks and continued strong LTE evolution, which includes Cellular Vehicle-to-everything (C-V2X) communication, the focus of information and communication technologies (ICT) shifts towards the Internet of Things and the digitalization of industries.
The Board of Management of BMW AG has decided to strategically realign its automobile racing activities. In doing so, the company is setting course for a future BMW Group motorsport programme that is as extensive as it is diversified. The commitments contribute to BMW M, BMW i and MINI. The threads for the development of the cars and their race outings will henceforth come together in BMW Group Motorsport.
This realignment, which comes seven years after the withdrawal from Formula One and four years after returning to the DTM, once again ensures that the BMW Group addresses important topics in the ever-changing world of motorsport, is even more broadly positioned, and can thus address different target groups around the world. Classic motor racing and sustainability both play key roles, in order to inspire fans of sporty driving at racetracks all over the planet. The strong pillars of the programme for the coming years will be the DTM, the FIA World Endurance Championship (WEC), the IMSA WeatherTech SportsCar Championship (IWSC), the cooperation with Andretti Formula E in the FIA Formula E Championship, the customer racing programme in the GT3 and GT4 categories, the promotion of talented young drivers, and the extremely challenging Dakar Rally.
The focus on production-based motor racing, which was decided upon in 2009, will be further intensified. The commitments in the DTM and the IMSA WeatherTech SportsCar Championship continue, and it is also planned to race in the WEC with a new GT car. The BMW M4 GT4 will join the range of models in the customer racing portfolio. BMW will also work closely with US racing legend Michael Andretti’s (US) team in the FIA Formula E Championship – the world’s leading racing series for electric cars. As cooperation partner of Andretti Formula E, BMW Motorsport will cooperate closely with the team, in order to familiarise itself with processes in this innovative series, and to check the possibility of a works involvement in the future. At the same time, BMW i remains the “Official Vehicle Partner” of Formula E. Ever since the inaugural season of the series in 2014/15, the BMW i8 Safety Car has taken to the track in Formula E as a high-performance and efficient lead car. Furthermore, MINI’s successful cooperation with Sven Quandt’s X-raid team at the Dakar Rally will also continue.
Worldwide 165,431 vehicles delivered, up 5.7% ++ Year-to-date sales rise 5.5%: 1,508,659 vehicles sold ++ BMW deliveries up 5.0% in August: 142,554 vehicles ++ MINI sells 22,575 in August, increase of 10.3% ++ Europe and Asia maintain strong growth ++ YTD sales of BMW electrified models already exceed 2015 total
Munich. BMW Group sales continued their long-standing upward trend in August with a total of 165,431 vehicles delivered to customers around the world, an increase of 5.7% on the same month last year. This result brings the year-to-date sales total to 1,508,659 – up 5.5% compared with the same period last year and the first time ever the company has sold over one and a half million vehicles in the first eight months of a year.
"The BMW Group’s ongoing sales success across all our premium brands underlines the strength of our product line-up," said Dr Ian Robertson, Member of the BMW AG Board of Management with responsibility for Sales and Marketing BMW. "Sales are increasing across the range and our electrified models are proving extremely popular – we’ve already sold more alternative drive vehicles this year than in the whole of 2015," he continued.
180,080 automobiles delivered worldwide, up 4.0% ++ Year-to-date sales increase 5.5%: 1,343,217 vehicles sold ++ BMW deliveries up 4.0% in July: 153,392 vehicles worldwide ++ MINI sells 26,439 in July, up 4.0% ++ Europe and Asia continue strong growth trend ++ BMW’s electrified models exceed expectations
Munich. BMW Group achieved a new July sales record with a total of 180,080 vehicles delivered to customers around the world, an increase of 4.0% on the same month last year. Coming off the back of a record first half-year, this solid start to the third quarter sees year-to-date sales climb 5.5% with 1,343,217 vehicles delivered worldwide.
“The BMW Group continues to deliver sustainable, profitable sales growth month after month,” said Dr Ian Robertson, Member of the BMW AG Board of Management with responsibility for Sales and Marketing BMW. “While we see growth across our range, the fact that the planned production for our electrified 7 Series, 3 Series and 2 Series Active Tourer models is already sold out this year demonstrates our strategy of rolling out electrification on all models is the right one. We will, of course, now respond to this high customer demand,” he continued.
Second quarter: sales volume and earnings at record levels ++ Sustainable profitability: 25th consecutive quarter to achieve automotive segment EBIT margin within target range of between 8 and 10% or higher ++ BMW Group reaffirms outlook for full year 2016 ++ Strong demand for BMW i and BMW iPerformance models ++ Cooperation with Intel and Mobileye underlines drive to lead the field of automated driving
Munich. The BMW Group continued its course of profitable growth during the second quarter of 2016, whilst also taking important decisions for the future in line with its Strategy Number ONE > NEXT. As the world’s leading provider of premium products and services for individual mobility, the BMW Group recorded its best ever quarterly sales volume and net profit figures between April and June. The partnership with Intel and Mobileye underlines the BMW Group’s ambition to play a leading role in developing safe and reliable automated driving.
“We sold more vehicles in the second quarter than ever before and achieved record earnings. We are growing profitably while simultaneously implementing our strategy step by step,” stated Harald Krüger, Chairman of the Board of Management of BMW AG, on Tuesday. “Sustainable profitability on this scale provides us with the financial headroom we need to pursue our work on future technologies such as electric mobility and automated driving. For me, there is no “either/or” between the present and the future. The strength of today’s core business is the cornerstone for tomorrow’s success.”
227,849 automobiles sold worldwide, up 9.1% ++ Year-to-date sales up 5.8% with 1,163,139 vehicles delivered ++ BMW sales up 9.7% in June: 189,097 vehicles sold ++ MINI delivers 38,282 in June, increase of 6.3% ++ Double-digit growth in Asia and Europe ++ Over 6,000 new BMW 7 Series sold in June ++ BMW iPerformance records strong sales in Europe
Munich. Sales at the BMW Group set a new June record with a total of 227,849 vehicles delivered to customers around the world, an increase of 9.1% on the same month last year. This latest record month means that the company has achieved its best ever first half-year sales: year-to-date deliveries are 5.8% up on the same period last year with a total of 1,163,139 vehicles sold.
“With our three premium brands, we’ve achieved good first half-year growth, with sales in Europe and Asia showing particularly strong results,” said Dr Ian Robertson, Member of the BMW AG Board of Management with responsibility for Sales and Marketing BMW. “Our focus continues to be on ensuring sustainable, profitable growth in sales and despite headwinds in some markets, our June results confirm that we are achieving just that,” he continued.
Fleets of fully autonomous cars as basis for new mobility services in urban environments ++ BMW Group, Intel and Mobileye are creating an open platform for the next generation of cars to create the safest autonomous platform, from door locks to the datacenter ++ The three companies share a common vision and goal, to align the industry on a standards-based platform to quickly bring autonomous vehicles to market
Munich – July 1, 2016. BMW Group, Intel, and Mobileye are joining forces to make self-driving vehicles and future mobility concepts become a reality. The three leaders from the automotive, technology and computer vision and machine learning industries are collaborating to bring solutions for highly and fully automated driving into series production by 2021.
The future of automated driving promises to change lives and societies for the better. But the path to get to a fully autonomous world is complex and will require end-to-end solutions that integrate intelligence across the network, from door locks to the data center. Transportation providers of the future must harness rapidly evolving technologies, collaborate with totally new partners, and prepare for disruptive opportunities.
Best May ever: 198,354 automobiles sold worldwide, up 5.3% ++ Year-to-date sales up 5.0% with 935,288 vehicles delivered ++ BMW sales up 5.0% in year-to-date: 797,457 vehicles sold ++ MINI delivers 136,617 cars in first five months, up 5.2% ++ Mainland China grows 7.1% in May: 40,123 vehicles sold ++ Strong Plug-in Hybrid sales in Europe
Munich. The BMW Group achieved its best-ever May in terms of sales with a total of 198,354 vehicles delivered to customers around the world, an increase of 5.3% on the same month last year. This continuing growth means the company’s automotive sales in the year-to-date are 5.0% higher than at the same point in the year in 2015, with a total of 935,288 vehicles sold globally so far this year.
"Our sales continue to show sustainable growth, well in line with our expectations," said Dr Ian Robertson, Member of the BMW AG Board of Management with responsibility for Sales and Marketing BMW. "Our target is to ensure profitable growth in sales and thanks to our attractive model line-up, that’s what we are achieving," he continued.
Record sales for BMW, MINI, BMW Motorrad ++ BMW Group automobile sales up 1.9% in April: 179,285 units ++ Year-to-date sales total 736,931, up 4.9% ++ Europe and Asia lead sales growth in first four months ++ BMW i3 sales up 50.7% on same month last year ++ Strong start for BMW X5 Plug-in Hybrid
Munich. April saw the BMW Group’s steady growth in sales continue with BMW, MINI and BMW Motorrad all achieving new records. In April, a total of 179,285 BMW Group automobiles were delivered to customers around the world, an increase of 1.9% on the same month last year. This on-going, sustainable growth is reflected in the year-to-date figures, with a total of 736,931 BMW Group vehicles sold in the first four months of 2016, 4.9% more than in the same period last year.
“Following on from our best-ever sales month in March, we have once again achieved sustainable and profitable levels of growth across the BMW Group product line-up,” said Dr Ian Robertson, member of the Board of Management of BMW AG responsible for sales and marketing BMW. “Despite headwinds in some markets, the overall global picture remains positive for the year,” he added.
New sales volume and earnings records in first quarter ++ Profit before tax 4.4% higher at € 2.37 billion ++ EBIT margin of 9.4% in Automotive segment ++ Group net profit up by 8.2% to € 1.64 billion ++ BMW Group reaffirms outlook for full year 2016
Munich. The BMW Group continued to steer a successful course at the beginning of an important year of centenary celebrations by posting new highs for sales volume and earnings in the first quarter of 2016.
“Our first-quarter performance is further proof of our ability to generate positive earnings with our core business, despite a volatile environment,” stated Harald Krüger, Chairman of the Board of Management of BMW AG, on Tuesday. “The decisive factor for us is not short-term profit but sustainable, profitable growth. From this position of strength, we intend to play a pioneering role in transforming and shaping the world of individual mobility going forward.” The BMW Group presented its Strategy Number ONE > NEXT in March, setting the framework for its continued commitment to drive the change of the future mobility.
BMW delivers over 200,000 vehicles for first time in single month ++ MINI achieves all-time record monthly sales ++ BMW Group sales grow 3.5% in March to total 240,659 ++ Year-to-date sales total 557,605, up 5.9% ++ First three months’ sales in Europe up 9.5%; Asia +10.0% ++ BMW Motorrad sales achieve new monthly record
Munich. March 2016 saw the BMW Group sell more vehicles than in any other single month in the company’s 100 year history. A total of 240,659 BMW, MINI and Rolls-Royce vehicles were handed over to customers around the world, an increase of 3.5% on the same month last year. In the first three months of the year, sales increased 5.9%, totalling 557,605 vehicles.
“March 2016 has been the best single month ever for BMW Group sales and I’m delighted to see that our innovative product range is enabling us to achieve ongoing, sustainable and profitable growth,” said Dr Ian Robertson, member of the Board of Management of BMW AG responsible for sales and marketing BMW. “Globally, I am confident that we will see this positive trend continue through the year,” he added.
Seattle. Under the new brand name “ReachNow”, BMW Group is launching an enhanced car sharing service in Seattle (USA) today. The programme is based on the successful business model currently operating in Europe under the name “DriveNow”. Customers in the USA will soon be able to choose further future-oriented services for bespoke individual mobility. ReachNow is starting in Seattle with an initial fleet of 370 BMW and MINI vehicles. 20 percent of the entire fleet is made up of BMW i3 electric vehicles. In addition to Seattle, ReachNow will be expanded into further cities in the USA.
This move is in line with the company’s strategy NUMBER ONE > NEXT, as outlined by BMW AG Management Board Chairman Harald Krüger three weeks ago. The strategy states that the development of customer-oriented mobility services will be one of the company’s central business fields in the years ahead.
BMW Group to expand BMW i product range +++ New BMW iNEXT to set standards for future technologies +++ Project i 2.0 will ensure leading role in automated driving +++ Digital services make mobile life easier for customers +++ New luxury-class models planned for most profitable segments +++ Profitability remains key focus – targets set until 2020 +++ Harald Krüger: combining operational excellence and new ways of thinking
Munich. Following its sixth record-breaking year in succession, the BMW Group has revealed initial details of its new strategy. With its Strategy NUMBER ONE > NEXT, the world’s leading provider of premium products and services for individual mobility is setting out the framework to shape change in the automobile sector. The BMW Group intends to remain the driving force behind premium individual mobility. With a clear focus on people and their environment, the BMW Group aims to deliver solutions that are both ground-breaking and responsible.
“Throughout its 100-year history, the BMW Group has always reinvented itself. As a pioneer of new technologies, the company has shaped change, within both the industry and the world of mobility,” commented Harald Krüger, Chairman of the Board of Management of BMW AG, at the Annual Accounts Press Conference in Munich on Wednesday. “We are setting the standard with our Strategy NUMBER ONE > NEXT, both now and in the future. We will lead the BMW Group into a new era, one in which we will transform and shape both individual mobility and the entire sector in a permanent way.”
Munich. The BMW Group is set to continue its success story in 2016. “We are targeting new highs for sales volume and group profit before tax,” stated Harald Krüger, Chairman of the Board of Management of BMW AG at the Annual Accounts Press Conference in Munich on Wednesday. The BMW Group also expects to remain the world's leading premium manufacturer of vehicles in 2016.
Group profit before tax is forecast to improve slightly. The BMW Group benefits from its strong brands, attractive product range and the expectation that international automobile markets will continue their generally upward trend. These favorable factors contrast with rising personnel expenses, intense competition and high levels of upfront expenditure for new technologies. The global political and economic environment is also expected to remain volatile.
Monthly sales grow 7.9% to total 163,965 worldwide +++ Year-to-date sales total 316,846, up 7.7% +++ BMW ytd deliveries increase 8.3% with 277,304 units sold +++ MINI ytd sales total 39,237, up 4.1% +++ Year-to-date sales in Europe up 11.4%; Asia increases 12.1% +++ BMW Motorrad delivers 17,323 units in year-to-date, up 12.1%
Munich. In its centenary year, the BMW Group continues to grow its global sales. February saw a new record number of customer deliveries with a total of 163,965 BMW, MINI and Rolls-Royce vehicles handed over to customers around the world, an increase of 7.9% on the same month last year. In the year-to-date, 316,846 units have been sold, an increase of 7.7% compared with the same period last year.
“As we activate our year of centenary events, I’m delighted that our sales continue to grow at a sustainable rate,” said Dr Ian Robertson, member of the board of management of BMW AG responsible for sales and marketing BMW. “As we expected, we are seeing tailwinds in some markets but headwinds in others. However with our innovative new models, we remain optimistic that we will continue to achieve steady sales growth as the year progresses,” he added.
New highs for sales volume, revenues and profit before tax +++ BMW Group achieves targets for financial year 2015 +++ Group revenues up 14.6% to € 92.2 billion +++ Group profit before tax exceeds 9 billion euros for first time +++ EBIT margin Automobile segment of 9.2% within target range +++ Group net profit increased by 10% to € 6.4 billion +++ Record dividend: € 3.20 per share of common stock proposed +++ Associate bonus paid highest in German premium auto industry
Munich. The BMW Group achieved its sixth record-breaking year in succession in 2015, posting new highs to date for sales volumes, revenues and profit before tax, despite a volatile market environment.
"We have met all of our ambitious targets for the financial year", stated Harald Krüger, Chairman of the Board of Management of BMW AG on Wednesday in Munich. “With another set of impressive figures in its centenary year, the BMW Group remains the world's leading provider of premium vehicles and mobility services.”
2016 sees the BMW Group celebrate its centenary under the motto THE NEXT 100 YEARS. Throughout its history, the company’s image has been defined by a future focus and pioneering action – all made possible by its extraordinary team of employees, who share a fascination for mobility which is integral to all our lives.
“At the BMW Group, we are always on a quest for the best solution. It’s part of our DNA,” said Harald Krüger, Chairman of the Board of Management of BMW AG, at the Centenary Event in Munich on Monday. “It’s also the spirit of our collaborations, a recurring theme that permeates our corporate and leadership culture.”
To mark its centenary year, the BMW Group is enhancing its commitment to social responsibility. The capital of its foundation, BMW Foundation Herbert Quandt, will be increased by €50 million to a total of €100 million. In addition, annual donations will be made to support project work. In 2016 the donation will amount to another €5 million. Further financing will be provided by major shareholders Stefan Quandt and Susanne Klatten, who will support the foundation’s project work with an additional €30 million.
First month sees sales grow 7.5% to total 152,879 worldwide +++ BMW delivers 133,883 units – increase of 7.5% +++ New BMW X1 grows sales 60.4% +++ New BMW 7 Series: sales increase 26.3% +++ MINI sales climb 8.6% to total 18,867 +++ MINI 5 door deliveries up 49.2% on previous year +++ Sales in Europe and Asia increase by around 10% +++ BMW Motorrad sales grow 19.6% with 7,488 units delivered +++
- First month sees sales grow 7.5 % to total 152,879 worldwide
- BMW delivers 133,883 units – increase of 7.5 %
- New BMW X1 grows sales 60.4 %
- New BMW 7 Series: sales increase 26.3 %
- MINI sales climb 8.6 % to total 18,867
- MINI 5 door deliveries up 49.2 % on previous year
- Sales in Europe and Asia increase by around 10 %
- BMW Motorrad sales grow 19.6 % with 7,488 units delivered
Full-year sales up 6.1% to total 2,247,485 +++ 2015 was BMW and MINI’s most successful year ever +++ BMW sales increase 5.2% to total 1,905,234 +++ MINI sales achieve 12.0% increase to total 338,466 +++ Around 30,000 BMW i vehicles sold in 2015 +++ Deliveries increased in all major sales regions +++ Almost one million vehicles sold in Europe +++
2015 was the most successful year ever for the BMW Group with annual sales setting a new record for the fifth year in a row. A total of 2,247,485 BMW, MINI and Rolls-Royce vehicles were delivered to customers around the world last year, an increase of 6.1 % on the previous year. December 2015 saw 213,537 BMW, MINI and Rolls-Royce vehicles sold (-0.8 %).
- Full-year sales up 6.1 % to total 2,247,485
- 2015 was BMW and MINI’s most successful year ever
- BMW sales increase 5.2 % to total 1,905,234
- MINI sales achieve 12.0 % increase to total 338,466
- Around 30,000 BMW i vehicles sold in 2015
- Deliveries increased in all major sales regions
- Almost one million vehicles sold in Europe
With the end of the year fast approaching, it is apparent that the BMW Group’s production network will be posting new record highs for the business year 2015. Due to the high customer demand and the launch of numerous new models, such as the new BMW 7 Series, the international plant network has shown an excellent capacity utilization. Oliver Zipse, Member of the Board of Management of BMW AG, Production, is satisfied with the performance: “The BMW Group’s two-millionth car rolled off the assembly lines back in November. And 2015 marks the fifth time in a row that our German plants have produced well over one million vehicles a year.”
- Sales up 4.9 % to total 197,480
- Over 2 million vehicles delivered so far in 2015
- Year-to-date increase of 6.9 %
- BMW i sales top 25,000 worldwide
- Monthly sales of MINI 5 door double year-on-year
AUDI AG, BMW Group and Daimler AG successfully conclude HERE acquisition +++ HERE as leading provider of technology for digitized world of mobility +++ Data from vehicle sensors to accelerate development of open location platform +++ HERE to expand business in all areas and win further customers beyond automotive +++ Shareholders open to other partners and investors from all industries +++
- AUDI AG, BMW Group and Daimler AG successfully conclude HERE acquisition
- HERE as leading provider of technology for digitized world of mobility
- Data from vehicle sensors to accelerate development of open location platform
- HERE to expand business in all areas and win further customers beyond automotive
- Shareholders open to other partners and investors from all industries
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