Keeping you informed.
+++ Recycling tools at plants in Germany and Austria saves seven tonnes of tungsten per year +++ Lowers energy consumption by 70% and CO2 emissions by more than 60% compared to primary tungsten +++ Wendt: “We will significantly increase the percentage of recycled raw materials by 2030 and use raw materials multiple times in a circular economy” +++
Munich. The BMW Group is making raw materials considered to be so-called conflict minerals a special focus of its sustainability strategy. This includes ores where mining or trading is often associated with violations of environmental and social standards. Tungsten is an example of this: Once considered an irritating by-product of tin mining, since it “ate up” the tin ore, it took a few hundred years for carbide’s unique properties to be recognised: heavy like gold, hard as a diamond and dozens of times more heat-resistant than iron. Today, it can be found in the vibration alarm of mobile phones and light bulb filaments, as well as drill and milling bits for industrial machinery used in producing cars.
Munich. Based on the progress of the proceedings, BMW AG expects, compared with the statement of objections of 5 April 2019, that the EU Commission will significantly reduce its allegations against BMW AG in terms of content and duration.
The subject matter of the proceedings is whether German automobile manufacturers cooperated in technical working groups to restrict competition in the development and rollout of emission-reduction technologies. The legal conformity of diesel vehicles is not subject of the proceedings. The BMW Group is not and has not been accused of unlawful manipulation of emission control systems.
On 5 April 2019, BMW AG had recognised a provision of around €1.4 billion. Based on the new information, BMW AG continues to consider it more likely than not that the EU Commission will issue a fine to BMW AG. However, the significant limitation in the scope of the allegations has led to a revaluation of the provision. This revaluation will result in a positive effect on earnings of around €1 billion in the second quarter of 2021.
+++ 22-inch tyres using certified sustainable natural rubber and rayon, a wood-based material used to strengthen the tyres +++ Plantations certified to standards of independent Forest Stewardship CouncilTM (FSCTM) organisation +++ Wendt: “We are helping preserve biodiversity and forests to counteract climate change” +++
Munich. The BMW Group is stepping up its activities in the field of sustainability, becoming the first automotive manufacturer worldwide to equip its cars with tyres using certified sustainable natural rubber and rayon, a wood-based material used to strengthen the tyres. The company will source 22-inch tyres in the first instance exclusively from Pirelli and, from August of this year, will use them in the BMW X5 xDrive45e Plug-in-Hybrid (fuel consumption combined: 1.7-1.2 l/100km (WLTP), 2.1-1.6 l/100 km (NEDC); power consumption combined: 27.7-24.3 kWh/100 km (WLTP), 25.2-23.5 kWh/100 km (NEDC); CO2 emissions combined: 39-27 g/km (WLTP), 47-37 g/km (NEDC)). Certification of the rubber plantations and the complex supply chain for natural rubber and rayon takes place in accordance with the strict standards of the independent Forest Stewardship Council (FSC).
“As a premium manufacturer, we aspire to lead the way in sustainability and take responsibility,” said Dr Andreas Wendt, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network. “We have been committed to improving cultivation of natural rubber and increasing transparency in the supplier network since 2015. The use of tyres made of certified natural rubber is a pioneering achievement for our industry. In this way, we are helping preserve biodiversity and forests to counteract climate change.”
+++ RE:THINK, RE:DUCE, RE:USE, RE:CYCLE – BMW Group makes circular economy central theme of IAA MOBILITY 2021 +++ “Neue Klasse”: “Secondary first” approach to development +++ Next-generation battery cells: Carbon footprint of high-voltage batteries to be reduced by half +++ CO2 goals for 2030 validated by Science-Based Targets Initiative +++ All production and locations to become completely net carbon neutral from 2021 +++ At least 50 percent of global sales from fully-electric models by 2030 +++ Zipse: “We want to play a pioneering role in the circular economy” +++
Munich. The BMW Group is underpinning its mission for sustainable mobility with ambitious goals for the reduction of greenhouse gases: At today’s Annual General Meeting, the company announced that it will avoid emission of over 200 million tonnes of CO2 by 2030. This is equivalent to more than 20 times the annual CO2 emissions of a city with over a million inhabitants, like Munich. To achieve this, the BMW Group is reducing its vehicles’ carbon footprint throughout their lifecycle – from raw material extraction, through production and the use phase, to end-of-life recycling. Going forward, using fewer resources will be one of the priorities.
“A climate-friendly car is not created solely by using green power. We must design our vehicles for sustainability from the very first day of development: reducing the amount of material used to manufacture them and, above all, planning for reuse and recycling from the very beginning. In the face of rising raw material prices, this is not just an environmental, but also a business imperative,” said Oliver Zipse, Chairman of the Board of Management of BMW AG, at the Annual General Meeting in Munich on Wednesday. “The technology for this is extremely demanding: That is why we want to lead the way on the circular economy and play a pioneering role. We are already working on quotas for the use of secondary material in our “Neue Klasse” that are both concrete and ambitious to meet our high standards.
+++ Zipse: "BMW Group highly profitable and sustainable" +++ Deliveries of electrified vehicles more than doubled +++ Free cash flow of € 2.5 billion in first quarter +++ Sustainable mobility needs more than just an e-drive +++ Earnings boosted by higher deliveries and better pricing +++ Automotive segment EBIT margin at 9.8% +++
Munich. The BMW Group continued to grow extremely dynamically in the first quarter 2021 – as demonstrated by its outstanding reported figures. The Group is systematically driving its transformation process at a high pace, reaching new milestones in terms of e-mobility, digitisation and sustainability. At the same time, it was able to strengthen its business model in the first quarter of the year and to grow further.
"The first quarter shows that our global business model is a successful one, even in times of crisis. We remain firmly on track for continued sustainable, profitable growth," said Oliver Zipse, Chairman of the Board of Management of BMW AG, in Munich on Friday. "Our strategy is based on retaining a keen focus on providing attractive high-tech products that are destined to shape the changing world of mobility going forward. With this clear vision, we are already developing the next major technological leaps that will continue to fascinate our customers ten years from now."
+++ Taking a successful Joint Development effort to the next level +++ 20 ampere hour (Ah) multi-layer all solid-state batteries in production +++ 100 Ah cells for automotive vehicle integration in 2022 +++ Automotive-compatible all solid-state battery by the end of the decade – BMW demonstrator vehicle well before 2025 +++
Louisville, Colorado, USA. Solid Power, an industry-leading producer of all solid-state batteries for electric vehicles, today announced a $130 million Series B investment round led by the BMW Group, Ford Motor Company and Volta Energy Technologies. Ford and the BMW Group have also expanded existing joint development agreements with Solid Power to secure all solid-state batteries for future electric vehicles.
The investment positions Solid Power to produce full-scale automotive batteries, increase associated material output and expand in-house production capabilities for future vehicle integration. The BMW Group and Ford aim to utilize Solid Power’s low-cost, high-energy all solid-state battery technology in forthcoming electric vehicles.
+++ BMW Group now producing high-voltage batteries and battery components at three locations in Germany alone: Dingolfing, Leipzig and Regensburg +++ Less than a year from decision to start of production in Leipzig and Regensburg +++ Production of battery components for BMW Group’s fifth generation of fully-electric vehicles +++
Munich/Leipzig/Regensburg. The BMW Group is launching production of battery components at its plants in Leipzig and Regensburg and expanding its e-drive production network. It has been less than a year since the decision was made to expand production capacity for e-drives in Germany. BMW Group Plant Leipzig will launch series production of battery modules on Monday, 3 May 2021, while BMW Group Plant Regensburg began coating battery cells for high-voltage batteries in April 2021. High-voltage batteries will also be produced in Regensburg from 2022. “We expect at least 50 percent of the vehicles we deliver to our customers worldwide to be fully electric by 2030,” said Michael Nikolaides, Senior Vice President Production Engines and E-Drives. “And we are systematically expanding our production network for electric drive trains in response to this.”
The company is investing more than 250 million euros in its Regensburg and Leipzig locations alone to supply the BMW Group’s growing number of electrified vehicles with high-voltage batteries. High-voltage battery components will be used in production of the BMW iX* and BMW i4, both of which will be released onto the market shortly. The production systems are highly flexible and will also supply battery components for other BMW Group electrified vehicles in the future.
Munich. BMW AG reports sales growth in all significant regions of the world, in particular in China, and all brands in the first quarter of 2021. In addition, positive price and mix effects, as well as high demand for pre-owned cars, also lead to key financial performance figures of BMW AG which exceed market expectations in a positive current environment.
Based on preliminary figures for the first quarter 2021, Automotive segment EBIT is €2,236 million (Q1 2020: €229 million), Financial Services segment EBT is €787 million (Q1 2020: €484 million) and Group EBT is €3,757 million (Q1 2020: €798 million). The Automotive segment EBIT margin is 9.8% (Q1 2020: 1.3%).
The positive operating performance and the continued focus on working capital management lead to the free cash flow of €2,522 million (Q1 2020: -2,218 million) in the Automotive segment, also exceeding market expectations.
The definition of the above-mentioned financial indicators is provided on pages 327 and 328 of the BMW Group Report 2020. Further details will be published in the Quarterly Statement for the period to 31 March 2021 on 7 May 2021.
+++ The two industry leaders are revolutionising virtual planning and engineering for highly complex manufacturing systems +++ Omniverse platform allows different applications to connect, with unrestricted compatibility +++ Greatly enhancing the speed, precision and efficiency of the planning process +++
Munich. The BMW Group and NVIDIA are generating a completely new approach to planning highly complex manufacturing systems – with the Omniverse platform. The virtual factory planning tool integrates a range of planning data and applications and allows real-time collaboration with unrestricted compatibility. As industry leaders, the BMW Group and NVIDIA are setting new standards in virtual factory planning.
Milan Nedeljković, BMW AG Board Member for Production: “Together we’re about to make a huge leap forward and open up completely new perspectives in the field of virtual, digital planning. In the future a virtual representation of our production network will allow us to realise an innovative, integrated approach to our planning processes. Omniverse greatly enhances the precision, speed and consequently the efficiency of our planning processes.”
+++ BMW Group sells 636,606 vehicles in Q1 (+33.5%) +++ Sales higher in all major regions of the world +++ Sales growth at BMW, MINI and Rolls-Royce +++ Electrified vehicle sales more than double +++ Pieter Nota: “All-time sales high in first quarter underlines our ambitious growth targets” +++
Munich. In the first three months of the year, the BMW Group delivered a total of 636,606 BMW, MINI and Rolls-Royce vehicles to customers (+33.5%) and achieved a new all-time high for the first quarter. Between January and March, the company increased its sales year-on-year in all major regions of the world. All BMW Group brands posted sales growth worldwide during this period.
“We continued our growth momentum in the first quarter of this year, selling more vehicles than ever before in this period. This all-time high in sales underlines our ambitious growth targets for the year,” said Pieter Nota, member of the Board of Management of BMW AG responsible for Customer, Brands and Sales. “Our sales performance was boosted by strong demand for our electrified vehicles, in particular. In the past three months, we doubled our global sales of electrified vehicles compared to the same period last year. This puts us on track to deliver more than 100,000 fully-electric vehicles this year, with at least a million electrified vehicles on the roads in total by the end of this year,” Nota continued.
New responsibilities at BMW Welt and BMW Group Classic
Munich. Change of leadership at BMW Welt – as of 1st July 2021 Tatjana Bister (51) will take over as head of the BMW Group's international experience and delivery centre. After five years as head of the BMW Group retail outlet in Vienna she moves to Munich and the BMW Welt, Bavaria's most popular tourist attraction. Before joining the BMW Group in 2016, she held various international management positions.
Tatjana Bister is going to take over this function from Helmut Käs (55), who will be appointed as the new head of BMW Group Classic and BMW Museum as of 1st May 2021 – after leading the BMW Welt for almost seven years he succeeds Ulrich Knieps, who retired at the end of 2020.
Helmut Käs has been with the BMW Group since 1990. Prior to his role at the BMW Welt, he was in charge of the BMW retail outlet in Fröttmaning and previously he was the long-time head of MINI Munich.
+++ Daimler Mobility AG and BMW Group significantly strengthen the customer offering of Digital Charging Solutions GmbH (DCS) by adding bp as the third shareholder with a stake of 33.3%. +++ DCS is a leading developer of digital charging software for automotive manufacturers and vehicle fleet operators. Its in-car software integration provides EV drivers with seamless access to one of Europe’s largest charging networks. +++ DCS already offers access to 228,000 charging points in 32 countries. The addition of bp is expected to provide DCS customers access to an additional 8,700 charging points across Europe including ultra-fast charging (more than 150kw) and develop new integrated offers for fleets (including fuel and charge) as a first step +++ The partners intend to drive forward the transition to electrification. +++
London/Munich/Stuttgart. bp agreed to join BMW Group and Daimler Mobility AG in their drive to extend and significantly improve electrification, making electric vehicle charging more convenient, simpler and seamless for drivers.
Under their agreement, bp will become a 33.3% partner alongside BMW Group and Daimler Mobility AG in Digital Charging Solutions GmbH (DCS), one of Europe’s leading developers of digital charging solutions for automotive manufacturers and vehicle fleet operators. bp’s acquisition of the stake in DCS will be subject to regulatory approval. The terms of the transaction are not being disclosed.
DCS’s services are important for the electrification strategies of the automotive industry. The company works with OEMs to integrate its charging solutions into vehicle operating systems. The BMW Group and Daimler Mobility AG operate mobility services under the umbrella of the YOUR NOW Joint Ventures. Digital Charging Solutions GmbH stands behind the CHARGE NOW brand and operates charging services such as “Mercedes me Charge”, “BMW Charging” and “MINI Charging”. DCS already offers access to 228,000 charging points in 32 countries giving OEMs, fleet customers and EV drivers extensive access to charging infrastructure across Europe.
+++ Multi-year contract worth around 285 million euros with US company Livent +++ Responsible extraction of lithium in Argentina +++ Participating in study of sustainable lithium extraction in South America +++ Wendt: "Making ourselves technologically, geographically and geopolitically less dependent on individual suppliers" +++
Munich. The BMW Group will be accelerating its expansion of e-mobility in the coming years. By 2030, at least half the company’s global sales are expected to come from fully-electric vehicles. This will also increase the need for lithium, an important raw material for production of battery cells. For this reason, the company will now source lithium from a second leading supplier, US-based Livent. The value of the multi-year contract will total around 285 million euros. Livent will supply the lithium directly to the BMW Group’s battery cell manufacturers from 2022 on.
“Lithium is one of the key raw materials for electromobility. By sourcing lithium from a second supplier, we are securing requirements for production of our current fifth generation of battery cells. At the same time, we are making ourselves technologically, geographically and geopolitically less dependent on individual suppliers,” said Dr Andreas Wendt, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network.
+++ BMW i4 to be launched three months ahead of schedule +++ BMW Operating System 8 installed for first time in new BMW iX* – world's largest fleet for over-the-air upgrades by end of 2021 +++ Breadth over niche: around 90 percent of market segments to have fully electric models by 2023 +++ Deliveries of fully electric models to grow by well over 50 percent annually on average by 2025 +++ ‘Neue Klasse’ to spearhead product range from 2025 +++ Fully electric models to account for at least 50 percent of global deliveries by 2030 +++ MINI to become a fully electric brand by the early 2030s +++ Circular economy as goal for future product generations +++ Outlook: Significant increase in Group profit before tax +++ Zipse: “Transformation will give BMW a competitive edge” +++
Munich. The BMW Group has entered 2021 with ambitious targets for growth and profitability and will be putting the first forerunners of its far-reaching technology offensive on the roads in the coming months. At the same time, it has set the course for a comprehensive realignment. From the middle of the decade, a new generation of models will take premium mobility to a new level from a technological perspective.
“The BMW Group has ambitious plans for 2021. We have started the new year with strong momentum and are aiming to return to pre-crisis levels as swiftly as possible – and go even further,” said Oliver Zipse, Chairman of the Board of Management of BMW AG, in Munich on Wednesday. “We have a clear roadmap for making the transformation of our industry a real competitive advantage for BMW in the coming years: uncompromisingly electric, digital and circular.”
+++ New method from Boston Metal to be industrialised in mid-decade +++ BMW Group continuously reducing CO2 emissions in its steel supplier network +++ Focus on secondary material and closed-loop material cycles at BMW Group press plants +++ Wendt: “Around two million tonnes less CO2 across our steel supplier network by 2030” +++
Munich. The BMW Group is systematically implementing its sustainability goals. As announced today, the company is investing in an innovative method for CO2-free steel production developed by American startup Boston Metal, through its venture capital fund, BMW i Ventures. Over the coming years, Boston Metal plans to expand the new method for steel production on an industrial scale. The investment is part of the BMW Group’s far-reaching sustainability activities aimed at significantly reducing CO2 emissions across the supplier network.
“We systematically identify the raw materials and components in our supplier network with the highest CO2 emissions from production. Steel is one of them, but it is vital to car production. For this reason, we have set ourselves the goal of continuously reducing CO2 emissions in the steel supply chain. By 2030, CO2 emissions should be about two million tonnes lower than today’s figure,” said Dr Andreas Wendt, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network.
+++ Group profit before tax for second half-year up 9.8% year-on-year +++ Q4 EBIT margin of 7.7% in Automotive segment +++ Full-year EBIT margin at higher edge of target range +++ Free cash flow of € 3.4 billion despite lockdowns above previous year +++ Dividend of € 1.90 per share of common stock proposed +++ Zipse: "Starting 2021 with a favourable tailwind"
Munich. The BMW Group’s profitable performance in the second half of the financial year 2020 provided a good tailwind going into 2021. Despite the global pandemic, the premium automobile manufacturer recorded an impressive pre-tax profit for the final six months of the year amounting to € 4,724 million, 9.8% up on the previous year’s already high figure of € 4,303 million.
Following the pandemic-related downturn in earnings in the second quarter, the BMW Group has therefore made a swift return to a more familiar profitable course. In the second half of the year, it delivered over 1.36 million units to customers, significantly more than in the corresponding period one year earlier. Volumes and earnings grew respectively in the final quarter of the year.
+++ BMW Group Report 2020 combines Annual Report and Sustainable Value Report for the first time +++ Company-wide, transparent reporting for all stakeholders +++ Official validation of CO2 targets by Science-Based Targets Initiative +++
Munich. The BMW Group is embarking on a new chapter in its reporting: For the first time, it will be combining its Annual Report and its Sustainable Value Report for the reporting year 2020 in a single Integrated BMW Group Report. After the Board of Management redefined the company's central sustainability goals in 2020, integrated reporting marks the next logical step – thanks to integrated management of the company. Henceforth, the Integrated Report will be published to coincide with the BMW Group Annual Conference, outlining the company’s economic performance, as well as its contribution to the environment and to society.
Dr Nicolas Peter, member of the Board of Management of BMW AG responsible for Finance: “The BMW Group Report 2020 shows that our business model and sustainability cannot be separated. We manage the BMW Group according to both financial and non-financial parameters and report these in a transparent manner every year. As a premium manufacturer, we seek to set a good example for the industry and take responsibility. Key sustainable development indicators are given equal weighting in our reporting with financial figures.”
+++ The proposed acquisition of PARK NOW Group enables EasyPark Group to take the next strategic step in becoming a cutting-edge global digital mobility player through combining state-of-the-art technology and coverage. +++ Both shareholders, BMW Group and Daimler Mobility AG, have evolved PARK NOW Group into a global provider of digital parking services. +++ The intended sale of PARK NOW Group to EasyPark Group will expand the coverage of state-of-the-art digital parking and mobility services - offering both on- and off-street parking, parking guidance (Find & Park), electrical vehicle charge functions and seamless in-car integration. +++
Munich/Stuttgart/Stockholm – As announced at today’s signing, BMW Group and Daimler Mobility AG have agreed to sell their joint venture PARK NOW Group to EasyPark Group, subject to prior approval by the relevant authorities. PARK NOW is the parking operation of the carmakers’ YOUR NOW Joint Ventures along with services for car sharing (SHARE NOW), ride hailing and trip planning (FREE NOW/REACH NOW), as well as charging (CHARGE NOW) in Europe, and North and South America. EasyPark, a strong and highly experienced international player that this year celebrates its 20-years anniversary, intends to acquire PARK NOW in order to further expand its business activities according to their global growth plan.
Under the umbrella of PARK NOW Group, both owners of the YOUR NOW Joint Ventures have developed a global provider of digital parking services in recent years. PARK NOW operates under the brands RingGo, PARK NOW, Park-line and Parkmobile in 11 countries. PARK NOW Group offers a broad portfolio of digital services related to parking − both in car parks and on-street in more than 1,100 cities. Customers can reserve, book and pay for parking spaces online in advance via the app.
+++ Export value from US Plant Spartanburg totals more than 8.9 billion US dollars in 2020 +++ New production record for second half-year +++ Growing percentage of electrified vehicles +++
Spartanburg / Munich. For the seventh consecutive year, the BMW Group leads the US in automotive exports. Plant Spartanburg in South Carolina exported 218,820 vehicles with an export value of more than 8.9 billion US dollars in 2020. The BMW Group produced a total of 361,365 vehicles at the plant. About 218,000 of these units were manufactured in the second half of the year, setting a new plant record.
“Claiming the top spot once again for US automotive exports is a direct result of the commitment and dedication of the Plant Spartanburg team during the challenging 2020 production year,” said Milan Nedeljković, member of the Board of Management of BMW AG responsible for Production. “Despite the difficult conditions created by the coronavirus pandemic, the plant was able to set a new production record in the second half of the year. This not only demonstrates the strong appeal of our products, but also the exceptional flexibility and outstanding performance capabilities of our production network.”
+++ Focus on sustainability: (digital) event series dedicated to sustainability all year round +++ New set of events: what will our future be like in 100 years’ time? Based on the ambitious long-term study from 2b AHEAD ThinkTank, Europe’s largest trend research institute +++ Continuation of the “Reclaim the Future!” series in cooperation with the 1E9 think tank. Theme: how do pioneering technologies from the tech community influence our future?
München. In 2021, the FUTURE FORUM by BMW Welt will be exploring the big issues of our future. Now in its third year, visitors can once again look forward to inspiring, digital live formats and expert talks featuring top-class speakers. Since October 2019, the FUTURE FORUM by BMW Welt has been a progressive platform that invites experts from different disciplines and movers and shakers with an innovative spirit to share their visions of the future. It’s a source of inspiration and actively promotes discussions on all issues of tomorrow. True to the slogan EXPLORE THE FUTURE. GET INSPIRED. JOIN THE CONVERSATION.
In 2021, the FUTURE FORUM by BMW Welt will focus on established digital and hybrid formats, allowing participants access to keynotes and discussion groups including ideas, concepts and technologies that could affect future living. This means the FUTURE FORUM by BMW Welt is playing an active part in shaping the future.
In its own (digital) event series, the FUTURE FORUM by BMW Welt will dedicate the whole year to sustainability in all its dimensions. It will carry on working with the 1E9 think tank, but will also start an exciting and inspiring series of events with 2b AHEAD ThinkTank. All live streams are free and can be accessed on the FUTURE FORUM website and on the BMW Welt & BMW Museum Facebook page.
+++ Aluminium produced using solar energy will meet almost half the annual requirements of the light metal foundry at Plant Landshut +++ Triple-digit million-euro contract with Emirates Global Aluminium to supply 43,000 tonnes of aluminium in 2021 +++ BMW Group also plans to source aluminium produced with green power long-term, with CO2 savings of around 2.5 million tonnes by 2030 +++ Wendt: “Will reduce CO2 emissions in the supplier network by 20% by 2030” +++
Munich. The BMW Group will begin sourcing aluminium produced using solar electricity with immediate effect. This marks an important milestone on the road to the company’s goal of lowering CO2 emissions in its supplier network by 20% by 2030. Since producing aluminium is highly energy-intensive, the use of green power – such as solar electricity – offers considerable potential for reducing CO2 emissions. That is why the BMW Group also plans to source aluminium produced with green power in the long term – enabling it to avoid approx. 2.5 million tonnes of CO2 emissions over the next ten years. This is equivalent to about three percent of the CO2 targets the company has set for its supplier network.
“We aspire to lead the way in sustainability and implement our sustainability goals in a systematic manner. We will be able to meet over 50% of our CO2 targets for the supplier network, just by using green power. The use of solar electricity for producing aluminium is a major step in this direction,” said Dr. Andreas Wendt, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network.
Munich. The BMW AG’s preliminary Automotive segment Free Cash Flow for the fourth quarter 2020 is around € 2.8 billion (Q4 2019: € 1.5 billion), leading to around € 3.4 billion (2019: € 2.6 billion) for the full year 2020 and thus exceeds current market expectations.
The better than expected Free Cash Flow development of the Automotive Segment in the fourth quarter 2020 is driven mainly by the following effects:
- Positive operating result in the Automotive segment
- Continued focused management of inventories
- Lower than expected consumption of warranty provisions as a result of lockdown measures
- Higher down payments received from BMW Group dealerships, most notably in China in line with the positive market development and in the UK relating to Brexit
The positive operating result of the Automotive segment in the fourth quarter is partially due to better than expected remarketing results in the pre-owned car market. This also has a positive effect in the Financial Services segment, leading to a Return on Equity for the segment which is only slightly down on prior year as opposed to a moderate decline as indicated in the current outlook.
Due to the faster recovery in many markets in the second half of 2020 and consequent cost management, the EBIT margin in the Automotive Segment for the full year 2020 is at the upper end of the 0 - 3% corridor. The Group EBT remains within the outlook and in line with market expectations.
The definition of Free Cash Flow and Return on Equity can be found on pages 244 and 245 of the BMW Group Annual Report 2019. Further details will be published on 17 March 2021 in the Group Financial Statements 2020 of BMW AG.
Pieter Nota: Strong demand and profitable growth expected +++ Gains of more than 50 percent: electromobility as significant growth driver +++ Plans to double sales of fully-electric vehicles +++ Annual investment of triple-digit million amount up to 2025 in digitalisation of sales and marketing creates basis for best customer experience +++ Digital aftersales upgrades will drive highly profitable optional equipment business +++ Performance marketing for personalised, targeted customer approach +++ Customers to receive individual tailored offerings, with all products and services from single source +++ Retail partners play crucial role at point of sale and in providing service
Munich. After achieving an all-time sales high in the fourth quarter of 2020, the BMW Group is optimistic about the current year. The company is realigning its Sales and Marketing division in close collaboration with its retail partners – with the aim of offering the industry's best premium customer experience.
“We are optimistic about 2021 and look forward to resuming our profitable growth, thanks to strong demand for our fresh product line-up,” said Pieter Nota, member of the Board of Management of BMW AG responsible for Customer, Brands, Sales. “We want to increase sales of our electrified vehicles by more than half in 2021. This underlines the importance of electromobility as a major growth driver for our company,” Nota continued. The company also aims to double sales of fully-electric vehicles this year. The introduction of the fully-electric MINI* and BMW iX3* last year will be followed in 2021 by the start of production for the fully-electric BMW iX in Dingolfing and the BMW i4 in Munich.
The BMW Group has now increased the number of electrified vehicles (fully-electric and plug-in hybrid) in its line-up to 13 models, available in 74 markets around the globe. The BMW Group plans to virtually double the number of electrified vehicles it offers to 25 models by 2023: More than half of these will be fully electric.
BMW Group sells 2,324,809 units in 2020 (-8.4%) +++ BMW Q4 sales up 4.3% from previous year (600,799 vehicles) +++ Sales of electrified vehicles increase by a third (+31.8%) +++ As promised: BMW Group meets EU CO2 fleet targets in 2020 +++ Pieter Nota: “Responded to the effects of the corona pandemic with agility in sales management and production. Have overfulfilled EU CO2 fleet targets with under 100 g/km.”
Munich. The BMW Group once again confirmed its position as the world’s leading premium automotive manufacturer last year, with a total of 2,324,809 BMW, MINI and Rolls-Royce vehicles (-8.4%) delivered to customers worldwide. 686,069 vehicles were sold at Group level in the fourth quarter, an increase of three percent (+3.2%) year-on-year. Sales of plug-in hybrid vehicles climbed almost 40 percent (38.9%) compared to the previous year, reflecting strong customer interest in this drive train variant.
“We responded to the effects of the corona pandemic with great agility in sales management and production. As a result, we succeeded in concluding the year with a strong fourth quarter and once again we lead the premium segment worldwide," underlined Pieter Nota, Member of the Board of Management of BMW AG responsible for Customer, Brands and Sales. "Thanks to our Efficient Dynamics technologies and the more than 135,000 electrified vehicles we delivered in Europe, we overfulfilled our CO2 fleet targets in the EU and were even able to go below the mandatory limit by a few grams," Nota continued.
BMW Group named “World’s most attractive employer” (automotive) and again takes number-one spot in Young Professionals Barometer 2020. +++ Ilka Horstmeier: “Being a highly attractive employer helps us recruit the best talents in a highly competitive market.” +++
Munich. The BMW Group has ranked among the leaders for employer image in both national and international comparisons for years. The company earned top positions again this year in numerous studies measuring employers’ perceived attractiveness.
The BMW Group has successfully defended its number-one spot in the Trendence Young Professionals Barometer in Germany since 2012 and came out on top for the ninth consecutive year in 2020. At the same time, a majority of students in Germany rated the BMW Group among the top companies this year, earning it second place in the business category in the Trendence Graduate Barometer 2020. The BMW Group also ranked fourth in the engineering category and sixth among young IT talents – making it the most attractive company in the automotive sector for IT graduates. The BMW Group also moved up one place from last year in the current Trendence School Leaver Barometer and now ranks fourth.
High level of supply chain flexibility speeds up transformation towards e-mobility +++ Extensive measures to ensure compliance with environmental and social standards and secure access to many critical raw materials +++ Sustainability measures in supply chain delivering results: CO2 emissions reduced by 17% in BMW iX* +++ Wendt: “Sustainability is an integral part of all purchasing activities” +++
Munich. The BMW Group is increasingly gearing up its purchasing for future growth in e-mobility and setting new standards for sustainability. The expansion of e-mobility makes value creation in the supplier network more important than ever, both with respect to CO2 emissions and sourcing of so-called critical raw materials, like those needed for producing battery cells.
“We believe sustainability is an integral part of all purchasing activities. So, as we accommodate the planned growth in electrified vehicles in the supplier network, we are at the same time integrating our sustainability requirements into all contract awards. In this way, we are taking sustainable development to the next level. Particularly as a premium manufacturer, we aspire to lead the way in sustainability and take responsibility,” said Dr Andreas Wendt, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network.
Zipse: “Third-quarter performance underlines BMW Group’s operational strength” +++ Peter: “We are in an intense cost competition” +++ Profit before tax in Q3 rises to approximately € 2.5 billion +++ Return on sales of 9.4% in Q3 +++ Free cash flow in Q3 exceeds € 3 billion +++ EBIT margin for Automotive segment within 2020 target range for nine-month period +++ E-autos to be manufactured at all German plants by 2022
Munich. The BMW Group increased sales volume and net profit in the third quarter of 2020 and, at the nine-month stage, is on track to meet its targets for the full year. The BMW Group was able to benefit during the third quarter from regional upturns in demand as well as from the attractive model portfolio on offer to customers. At the same time, cost efficiency and cash management remain decisive factors in coping with the ongoing impact of the corona pandemic in its varying regional forms to the best possible extent.
“The third-quarter performance underlines the BMW Group’s operational strength and ability to perform well within a challenging environment. We improved Group earnings compared to one year earlier and are therefore firmly on track towards achieving our targets for the full year. We manage our day-to-day operations closely, taking regional fluctuations in demand into account, and can respond to changing market situations at any time,” said Oliver Zipse, Chairman of the Board of Management of BMW AG, in Munich on Wednesday. In this way, the Group generated profit before tax in the region of € 2.5 billion in the third quarter. Free cash flow in the Automotive segment was in excess of € 3 billion. “We are shaping the transformation of our industry from a position of strength and are very well positioned for the years to come. At the same time, we are already strategically and technologically aligning the Group for the period after 2025 – including key aspects such as vehicle architectures and planning for vehicle production by plant.”
Munich. The preliminary free cash flow for the Automotive segment of BMW AG in the third quarter 2020 amounts to €3,065 million (previous year: €714 million) and thus exceeds current market expectations.
This was due in particular to a faster recovery in several markets, which led to higher sales growth. In addition, a focused management has led to an optimisation of working capital and a further reduction of fixed costs and capital expenditure.
The impact of this development on the free cash flow for the Automotive segment for the full year will be communicated with the release of the Quarterly Statement to 30 September 2020.
BMW Group sells 675,680 units in third quarter (+8.6%) +++ Europe region delivers 275,618 vehicles to customers in Q3 (+7.1%) +++ China up 6.4% after first nine months (559,681 vehicles) +++ Sales situation still reflects regional impact of coronavirus pandemic +++ Pieter Nota: “Sales growth of almost 50 percent for electrified vehicles in third quarter”
Munich. The BMW Group posted solid year-on-year sales growth of 8.6 percent in the third quarter, with a total of 675,680 vehicles delivered to customers. As expected, the sales performance from January to September meanwhile reflects the global impact of the Corona Pandemic. During this period, the company sold 1,638,316 (-12.5%) premium BMW, MINI and Rolls-Royce vehicles worldwide.
“Thanks to our strong model line-up, we were able to increase our third-quarter sales year-on-year, despite the lasting effects of the coronavirus pandemic,” said Pieter Nota, member of the Board of Management of BMW AG, responsible for Customer, Brands, Sales. “We are especially pleased with the sales growth of almost 50 percent in electrified vehicles. This makes electromobility a substantial growth driver. We have already delivered around 10,000 fully-electric MINIs* since the start of the year. This shows how much our customers appreciate this car,” Nota continued.
The heart of the BMW Group's worldwide R&D network +++ Smart Building as innovation platform for 4800 vehicle developers +++ Space for 100 state-of-the-art test benches and 200 laboratories +++ Flagship for Germany as a location for research with an investment of approx. 1 billion euros +++ Setting the pace of transformation in automotive development
Munich. With the FIZ Projekthaus Nord, which went into operation today, the BMW Group is opening the new heart of its global research and development network. The architecturally impressive building complex makes the successively expanded Munich Research and Innovation Centre (FIZ) one of the largest R&D locations in Europe and manifests the clear commitment to Germany as a location for research and development. The FIZ Projekthaus Nord is a milestone of the long-term "FIZ Future" program, in which the company has already invested about 1 billion euros.
Professor Reimund Neugebauer, President of the Fraunhofer-Gesellschaft, Munich's Lord Mayor Dieter Reiter, Oliver Zipse, Chairman of the Board of Management of BMW AG, Frank Weber, Member of the Board of Management for Development, Ilka Horstmeier, Member of the Board of Management for Human Resources, and Manfred Schoch, Chairman of the General Works Council of BMW AG, jointly ramped up the first of a total of 100 ultra-modern test benches on Friday, thus officially opening the progressive building.
Zipse: “Cautiously optimistic for second half of year” +++ Profit before tax after first half year at ca. € 500 million +++ Revenues and earnings impacted by Q2 market downturns +++ Strict inventories management helps safeguard cash flow +++ CO2 targets now set up for complete vehicle life cycle to 2030 +++ Far-reaching product strategy: significant CO2 reductions with over seven million electrified vehicles
Munich. At the halfway stage, the BMW Group remains on course towards achieving its targets for the full year. After implementing controlled cutbacks at many of its plants in March as a response to the foreseeable drop in global demand, the Group initiated a coordinated restart of its production facilities in the second quarter. Since mid-June, all its manufacturing plants have again been working in regular shifts. Nonetheless, cost efficiency and cash management remain decisive factors for best controlling the consequences of the corona pandemic.
“Our swift responsiveness and consistent management strategy enabled us to limit the impact of the corona pandemic on the BMW Group during the first half of the year,” said Oliver Zipse, Chairman of the Board of Management of BMW AG, in Munich on Wednesday. Despite a significant market decline following the corona pandemic the BMW Group was able to achieve a positive profit before tax of € 498 million in the first half year. “We are now looking ahead to the second six-month period with cautious optimism and continue to target an EBIT margin between 0 and 3% for the Automotive segment in 2020. We are monitoring the situation very closely and managing production capacities in line with market developments and regional fluctuations in customer demand.”
Board of Management and executive management will be measured against new sustainability targets +++ First-ever CO2 goals for full lifecycle up to 2030 +++ Science-Based Targets form basis for new goals +++ Far-reaching product strategy: Major CO2 reduction with more than seven million electrified vehicles +++ Carbon emissions from production and sites to be lowered by 80% per vehicle +++ BMW Group aims for most sustainable supply chain industry wide +++ Circular economy as vision for resource management +++ Zipse: “Sustainability and premium will be inextricably linked in the future”
Munich. The BMW Group is making sustainability and resource efficiency central to the company’s strategic direction. Chairman of the Board of Management Oliver Zipse announced initial details of this strategic direction in Munich today and presented the targets the company has set itself for the phase up to 2030. The BMW Group is building on a strong foundation: Over the past years and decades, the company has repeatedly set standards in terms of sustainability. The principle of continuous improvement will remain at the heart of the strategy to reduce CO2 emissions and increase resource efficiency.
“I firmly believe the fight against climate change and how we use resources will decide the future of our society – and of the BMW Group. As a premium car company, it is our ambition to lead the way in sustainability. That is why we are taking responsibility here and now and making these issues central to our future strategic direction,” said Oliver Zipse. “This new strategic direction will be anchored in all divisions – from administration and purchasing to development and production, all the way to sales. We are taking sustainability to the next level.”
BMW Group Landshut plant assumes key role for BMW iNEXT – Innovations totalling more than 50 million Euros for future issues +++ Innovative kidney grille – central high-tech component for highly automated driving +++ Opening of new production facility with Bavaria’s economics minister Hubert Aiwanger and board member Dr. Andreas Wendt +++ Wendt: “Automated driving is a great chance for Germany as an industrial location – in-house component production serves more than ever as an innovation hub”
Munich/Landshut. The Lower Bavarian BMW Group Landshut plant again assumes its role as an innovation driver for the automotive future: With a number of important high-tech components, it will give the BMW iNEXT, which starts rolling off the assembly line in Dingolfing from 2021, a face. The BMW iNEXT is the BMW Group’s first all-electric production vehicle prepared for fully automated driving. Today, Dr. Andreas Wendt, Member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network, and Hubert Aiwanger, Deputy Prime Minister of Bavaria and the Bavarian Minister of Economic Affairs, Regional Development and Energy, opened a new production facility at the Landshut location. The innovative kidney grille – the “eye” – for the BMW iNEXT will be produced there.
The technologically complex kidney grille is vital for highly-automated driving: It allows the integration of camera technology, radar functions and further sensors required for highly developed driver assistance systems into the front end of the vehicle. The BMW Group Landshut is investing a total of over 50 million Euros in innovative components for the BMW iNEXT and further future vehicle models.
Order volume of 2 billion euros from 2024 +++ Sustainable production using 100% wind and hydroelectric power +++ Oliver Zipse: “For an effective contribution to climate protection BMW Group aims to improve its products’ overall environmental balance”
Munich. The BMW Group is driving the expansion of electromobility and has signed a long-term supply contract worth 2 billion euros for battery cells with the Swedish company Northvolt. The battery cells will be produced in Europe at the Northvolt gigafactory currently under construction in Skellefteå in northern Sweden (series plant Northvolt Ett) from 2024.
A decisive aspect for the BMW Group: Northvolt will obtain 100 percent of the energy needed to produce the battery cells regionally in northern Sweden and exclusively from wind and hydroelectric power. Oliver Zipse, Chairman of the Board of Management of BMW AG, said: “To make an effective contribution to climate protection, we aim to improve our products’ overall environmental balance – from resources to recycling. This applies in particular to energy-intensive production of high-voltage batteries for electric vehicles. That is why we now have a contractual agreement with our cell manufacturers that they will only use green power to produce our fifth-generation battery cells.”
Supply contract signed with Managem Group (contract period: 2020 – 2025) +++ BMW AG Board of Management member for Purchasing Andreas Wendt: “We are systematically driving electrification of our vehicle fleet. Sustainability plays a central role in expanding electromobility.”
Munich. The BMW Group is driving the expansion of electromobility and sourcing the cobalt it needs as a key raw material for battery cells directly. Recently the BMW Group signed a supply contract with Moroccan mining company Managem Group. “The contract has a volume of around 100 million euros,” said Andreas Wendt, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network. With this order the BMW Group will cover about a fifth of its cobalt needs for the fifth generation of our electric drive trains. The company will source the remaining four fifths of its cobalt needs from Australia. The contract between the BMW Group and the Managem Group is for a term of five years (2020 – 2025). The two companies already signed a memorandum of understanding on the direct purchase of cobalt from Morocco in Marrakesh in January 2019.
“Cobalt is an important raw material for electromobility. By signing this supply contract with Managem today, we are continuing to secure our raw material needs for battery cells,” said Wendt. “We are systematically driving electrification of our vehicle fleet. By 2023, we aim to have 25 electrified models in our line-up – more than half of them fully-electric. Our need for raw materials will increase in line with this. For cobalt alone, we expect our needs to roughly triple by 2025.”
Total sales affected by the impact of the worldwide pandemic +++ Initial signs of recovery in individual markets at the end of Q2 +++ 962,575 vehicles delivered (-23.0%) in year to date +++ BMW Group sold 218,876 automobiles in June (-9.0%) +++ Pieter Nota: "China sales in second quarter above previous year"
Munich. As expected, BMW Group sales figures for the first six months of this year were impacted by the effects of the temporary closure of retail outlets worldwide. The company delivered a total of 962,575 (-23.0%) premium BMW, MINI and Rolls-Royce vehicles to customers worldwide in the first half-year.
“We are following the development of global demand very closely and continue to plan for various scenarios so we can respond quickly as regions around the globe recover from the coronavirus pandemic at different speeds,” said Pieter Nota, member of the Board of Management of BMW AG responsible for Customer, Brands and Sales. “We are seeing a positive development in China, where our second-quarter sales were once again higher than in the previous year,” underlined Nota. “Demand for our electrified vehicles also outperformed the market trend in the first half of the year. Our wide range of plug-in hybrid models and the new fully-electric MINI are in high demand among our customers,” he added.
Vehicle deliveries in first half-year by brand
A total of 842,153 (-21.7%) BMW vehicles were delivered in the first six months of the current year.
The MINI brand sold 118,862 (-31.1%) units during the same period. In the first half of the year, a total of 61,652 (+3.4%) electrified BMW and MINI vehicles were handed over to customers.
Rolls-Royce Motor Cars reported sales of 1,560 (-37.6%) vehicles in the first half of the current year.
A total of 76,707 (‑17.7%) motorcycles were also sold between January and June.
BMW Group opens Competence Centre for E-Drive Production in Dingolfing and expands manufacturing capacity +++ E-drives for 500,000 electrified vehicles +++ Start of production for fifth-generation BMW e-drive +++ Competence Centre will employ up to 2,000 staff in medium term +++ Investment of more than 500 million euros by 2022 +++ Successful transformation of BMW Group’s biggest European production site
Munich/Dingolfing. The BMW Group is stepping up its e-mobility ramp-up and setting new standards for the transformation of the industry with its production. Today, at its largest European manufacturing location in Dingolfing, the company opened the Competence Centre for E-Drive Production. Having produced electric powertrain components in Dingolfing since 2013, the BMW Group is now expanding its capacity significantly. Bavarian Minister-President Markus Söder and Chairman of the Board of Management of BMW AG Oliver Zipse symbolically launched production of the new, highly integrated BMW e-drive, which combines the electric motor, transmission and power electronics in a central housing. The new generation of the BMW e-drive will be used for the first time in the new BMW iX3, which will go into production in China in late summer.
At the Competence Centre in Dingolfing, the BMW Group will produce electric powertrain components such as battery modules, high-voltage batteries and electric motors on eight production lines. Over the coming years, the company will set up four additional lines, which will boost the location’s production capacity significantly.
The German Federal Ministry for Economic Cooperation and Development and BMW Group South Africa are supporting the South African government in its efforts to combat the COVID-19 pandemic by providing 750 new hospital beds +++ BMW Group South Africa, which operates a production plant in Rosslyn in the Gauteng region, is providing the project with financial assistance of around 2.7 million euros +++ BMW Group South Africa has been involved with various social projects in Gauteng for almost 50 years and will continue with this during the coronavirus crisis as an investment in the community and its employees
Munich / Pretoria. Today, in a virtual ceremony, Chairman of the Board of Management of BMW AG Oliver Zipse, German Minister of Cooperation and Development Dr. Gerd Müller and South African Minister of Health Zwelini Lawrence Mkhize signed a joint memorandum of understanding.
The agreement includes an emergency coronavirus package, with the three partners working together to help expand medical infrastructure at nine hospitals and four clinics in the Gauteng region. In addition to masks and disinfectant, the Gauteng region will also be provided with 750 additional hospital beds and 150 mobile oxygen tanks no later than July.
South Africa is currently among the regions of the continent hardest hit by COVID-19. As in many other African countries, there is also a lack of emergency beds, ventilators and laboratory facilities.
Both companies will continue to pursue their own development path +++ Technological understanding of both partners remains a good fit +++ Successful collaboration to continue in other fields as planned +++ Fröhlich: “Current technology puts us into excellent position for many years” +++ Schäfer: “Sounding out possibilities with partners outside automotive sector”
Munich/Stuttgart. The BMW Group and Mercedes-Benz AG are putting their cooperation on development of next-generation technology for automated driving temporarily on hold. Following extensive review, the two companies have arrived at a mutual and amicable agreement to concentrate on their existing development paths – which may also include working with current or new partners. Both explicitly wished to emphasise that cooperation may be resumed at a later date and that the two organisations’ underlying approach to matters such as safety and customer benefits in the field of automated driving remains highly compatible.
The BMW Group and Mercedes-Benz AG are both working separately on current generations for highly-automated driving and have achieved major progress in this field in the past. However, the BMW Group and Mercedes-Benz AG were unable to hold detailed expert discussions and talk to suppliers about technology roadmaps until the contract was signed last year. In these talks – and after extensive review – both sides concluded that, in view of the expense involved in creating a shared technology platform, as well as current business and economic conditions, the timing is not right for successful implementation of the cooperation.
Solution mutually agreed by company management and employee representatives +++ High level of vocational training will be maintained +++ Horstmeier: “We continue to do things the BMW way” +++
Munich. In constructive dialogue with the German Works Council, the BMW AG has agreed to a package of personnel measures that balances the future competitiveness of the company with the interests of the workforce. Having applied existing flexibility instruments, such as reducing working time and leave account balances, as well as short-time working, further steps are needed to make the BMW Group more resilient to external influences and market fluctuations. The objective is for the company to achieve planned workforce reductions through attrition and voluntary agreements and maintain the same high level of vocational training as last year.
“We will continue to do things the BMW way and develop solutions in constructive dialogue with employee representatives. We have agreed on a forward-looking package of measures that will help improve the company’s earnings in the short term, but will also preserve our capacity for innovation in the long term,” said Ilka Horstmeier, member of the Board of Management of BMW AG responsible for Human Resources and Labour Relations, in assessment of the agreement reached. “This will ensure we remain a reliable employer.”
Anke Schäferkordt takes over Renate Köcher’s seat
Munich. The current Chairman of the Supervisory Board of BMW AG, Dr.-Ing. Norbert Reithofer, has been re-elected to the Supervisory Board for a mandate period of five years at today’s Annual General Meeting. At a meeting of the Supervisory Board held after the shareholders’ meeting, he was also re-elected as its chairman. Reithofer has been associated with BMW AG for more than three decades. He joined the company in 1987 and was Chairman of the Board of Management between 2006 and 2015. He has been Chairman of the Supervisory Board since 2015.
The Annual General Meeting also newly elected Anke Schäferkordt to the Supervisory Board for a mandate period of five years. The media manager takes over the seat of Prof. Renate Köcher, who stepped down early at the end of this year’s Annual General Meeting in agreement with the Supervisory Board.
Liquidity remains at high level – investments prioritised +++ Q1 EBIT up due to high provision recorded in previous year +++ BMW Group updates outlook for Automotive segment EBIT +++ Q1: Product mix and pricing policy underpin revenues +++ Production to be ramped up according to demand +++ Firm commitment to agreed CO2 targets and Euro 6d +++ Zipse: “Business model still future-proof after crisis”
Munich. The BMW Group is well prepared to react swiftly and decisively at all times to new developments during the corona pandemic by systematically identifying potential scenarios. This approach is all the more important given that the BMW Group expects the consequences of the corona pandemic to constrain the operations of the entire automotive industry for quite some time to come. It is also becoming apparent that delivery volumes in key markets are not going to return to normal in the space of just a few weeks. The BMW Group is developing strategies for various scenarios and is prepared to take additional measures to safeguard its financial position and use its underlying strength to steer itself through this challenging phase.
“Quite clearly, the situation remains serious and market forecasts are subject to constraints under these circumstances. We are gradually ramping up our production again according to demand in each market. However, we are monitoring developments extremely closely to be able to respond with maximum flexibility," said Oliver Zipse, Chairman of the Board of Management of BMW AG, in Munich on Wednesday. "We are keeping a tight rein on inventory levels because liquidity has absolute priority in this situation."
Munich. The Board of Management of BMW AG has decided today to update its guidance for the financial year 2020. The decisive factor for the adjustment is that the measures to contain the corona virus pandemic are lasting longer in several markets and are thus leading to a broader negative impact than was foreseeable in mid-March. It is therefore apparent that delivery volumes in these markets will not – as was previously assumed - return to normal within a few weeks. The highest negative impact is expected in the second quarter of 2020.
The economic shifts caused by the pandemic make it difficult to provide a reliable forecast. The outlook is therefore subject to a high degree of uncertainty. To reflect this uncertainty, the company has widened the range for the EBIT margin for the Automotive segment and now expects a range between 0% and 3%.
Protecting employees and taking responsibility for society +++ Safeguarding liquidity and the company’s long-term success +++ Around 80% of retail outlets closed in Europe; 70% in the US +++ BMW Group sells 477.111 vehicles in first quarter +++ Pieter Nota: “China shows first signs of recovery” +++ Plus 14% electrified vehicles. On track to meet CO2 targets
Munich. During the current coronavirus pandemic, protecting employees and taking responsibility for society are the number one priority for the BMW Group. At the same time, it is important to safeguard the company’s liquidity and secure its long-term success. The sales result for the first quarter was overshadowed by the global impact of COVID-19 and the effects of the temporary closure of a large number of retail outlets. The BMW Group delivered a total of 477,111 (‑20.6%) premium BMW, MINI and Rolls-Royce vehicles to customers in the first three months of this year.
“We are reacting to the globally challenging sales situation caused by the corona pandemic and are flexibly adapting our production volume to demand. In this way, we are creating important conditions for the company's continued economic success,” underlined Pieter Nota, member of the Board of Management of BMW AG responsible for Customer, Brands and Sales. “In China, we are seeing the first signs of recovery with a strong order intake,” Nota continued.
Traceability of parts and critical raw materials in complex international supply chains +++ BMW Group “PartChain” project targets industry-wide solution for secure data sharing +++
Munich. The BMW Group is using innovative digital technologies to optimise its processes. A good example of this is Blockchain, a technology that enables tamper-proof data sharing, with potential applications throughout the entire automotive value chain. The BMW Group is using this technology in purchasing to ensure the traceability of components and raw materials in multi-stage international supply chains. “In 2019, we conducted a successful pilot project for purchasing front lights. This year, we want to expand the project to a large number of other suppliers,” said Andreas Wendt, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network.
Zipse: “Solidarity and responsible action are called for” +++ Guidance 2020 affected by corona spread +++ Power of Choice: Next BMW 7 Series all-electric version +++ Unequivocal commitment to meeting CO2 targets +++ Quarter-on-quarter improvement in profitability in 2019 +++ Group revenues exceed 100 billion euros for the first time
Munich. The BMW Group is embracing the transformation of the automotive industry with great confidence and investing heavily in research and development with a view to shaping the mobility of the future for the benefit of its customers.
In the context of the spread of coronavirus, the Chairman of the Board of Management of BMW AG, Oliver Zipse, pointed out in Munich on Wednesday: “Solidarity and responsible action are called for. In our society it is the duty of the strong to protect the weak. The BMW Group therefore fully supports the measures aimed at containing the spread of coronavirus.” The BMW Group is responding to the foreseeable development in demand on the global automobile markets by adjusting production volumes at an early stage and will make full use of the broad range of instruments available to it to maximise flexibility.
Zipse: "Embracing transformation with confidence" ++ Profit before tax up significantly in fourth quarter ++ Group revenues exceed 100 billion euros for the first time ++ Quarter-on-quarter improvement in profitability in 2019 ++ Solid free cashflow at 2.6 billion euros ++ Revenues in fourth quarter at record high ++ High upfront expenditure for R&D in 2019 ++ Unequivocal commitment to achieving CO2-targets ++ Dividend of € 2.50 per share of common stock proposed
Munich. The BMW Group has successfully concluded the financial year 2019, continuing the upward trend in profitability in the fourth quarter. At the same time, between October and December 2019, revenues reached their highest level ever for a single quarter, reflecting the growing proportion of vehicles from the upper luxury segment. Over the full year, Group revenues exceeded 100 billion euros for the first time and were more than twice as high as in 2009.
"In 2019, we improved our profitability from quarter to quarter – despite a challenging market environment. This shows that we have the right products on the road and that our strategy is effective," stated the Chairman of the Board of Management of BMW AG, Oliver Zipse, on Thursday in Munich. "We are embracing the transformation of our industry with confidence and trust in our innovative strength. We recognised the signs of change at an early stage and made preparations accordingly. Our full potential is now emerging – at exactly the right moment."
Klaus Fröhlich to step down from Board of Management at age 60 +++ Frank Weber will head Development division, effective July +++ Reithofer: “Competent successor to Klaus Fröhlich” +++ Zipse: “Excellent addition to Board of Management” +++
Munich. At its meeting today, the Supervisory Board of BMW AG appointed Frank Weber (53) as a new member of the Board of Management. Effective 1 July 2020, Weber will assume responsibility for the Development division, taking over from Klaus Fröhlich, who will retire upon reaching the age of 60.
Frank Weber joined the BMW Group in 2011 as head of Total Vehicle Development and has been responsible for the Rolls-Royce product line and BMW luxury class later on. The mechanical engineer previously held various management positions at other automobile manufacturers, mainly in development.
BMW Group presents alternative for the programme at Geneva International Motor Show 2020 +++ Digital Press Conference with Oliver Zipse
Munich. Due to the current situation, the Geneva International Motor Show 2020 has been canceled. While we certainly understand this decision, we also regret that the fair cannot take place as usual.
The BMW Group will carry out the program planned for Geneva including the world premiere of the BMW Concept i4 at a digital press conference with CEO Oliver Zipse in Munich at the originally scheduled time (Tuesday, March 3, 2020, 8.15 a.m. CET) and broadcast it via live stream. Further details concerning the live broadcast will follow as soon as possible.
BMW Group sales increase by 1.2% to 2,520,307 vehicles +++ Record BMW sales: up 2.0% to 2,168,516 units +++ Rolls-Royce and BMW Motorrad also post new all-time highs +++ Half a million electrified vehicles already delivered worldwide to date +++ Pieter Nota: “Targeting another slight sales increase in 2020”
Munich. The BMW Group reported its ninth consecutive record year in 2019, with a total of 2,520,307 (+1.2%) BMW, MINI and Rolls-Royce vehicles delivered to customers worldwide. The BMW, Rolls-Royce and BMW Motorrad brands also posted new all-time highs for 2019. Sales of electrified BMW and MINI vehicles also increased compared to the previous year. By the end of 2019, the BMW Group had already half a million electrified vehicles worldwide on the road. The company confirmed its position as the world’s leading premium car company for the 16th consecutive year.
“Thanks to our major model offensive, we were once again able to increase our sales in 2019 and achieve another new all-time high,” underlined Pieter Nota, member of the Board of Management of BMW AG responsible for Customer, Brands and Sales. “This confirms our strategic approach, the “Power of Choice”, which allows our customers to choose the optimal drive train for their preferred model. In this way, we are able to meet our customers’ individual mobility needs worldwide,” added Nota.
Next milestone: Doubling the number of electrified vehicles by end of 2021 +++ BMW 330e* handed over at BMW Welt +++ BMW iX3*: new balance between range and battery size +++ Comprehensive model offensive – also for electrified vehicles
Munich. As an e-mobility pioneer, the BMW Group has reached another electromobility milestone and already delivered half a million electrified cars to customers worldwide. Sebastian Mackensen, BMW Group Senior Vice President Market Germany, handed over the keys to a very special BMW 330e* to its future owner at BMW Welt today.
"Half a million vehicles is the best proof: Our broad range of electrified vehicles is meeting exact customer needs. Now, we are stepping up the pace significantly: We aim to have one million electrified vehicles on the roads within two years. This is our contribution towards effective climate protection," said Oliver Zipse, Chairman of the Board of Management of BMW AG.
Comprehensive e-vehicle product offensive
Next year, the BMW X3 will become the first BMW Group vehicle available with four different drive train variants: efficient diesel, petrol, plug-in hybrid and pure electric. The biggest market for the pure electric BMW iX3* is China, where it will also be produced for the global market.
Dynamic growth in joint ventures’ mobility services: nearly 90 million customers – up 44 percent since start of 2019 +++ New umbrella organisation supports efficient steering and focusing of activities +++ FREE NOW increases gross merchandise value (run rate) / platform revenues significantly to reach new record of more than two billion euros
Munich/Stuttgart. Following the successful launch of the YOUR NOW joint ventures in February 2019, the companies are maintaining their dynamic growth course: Almost 90 million people currently use the joint ventures’ mobility services for car-sharing, ride-hailing, parking, charging and multimodal platforms, which are offered in over 1,300 cities worldwide.
The shareholders are now setting course for the joint ventures’ next phase of expansion, which will be focused on profitable growth. The services offered by the joint ventures will continue to be tailored to customer needs and clustered into three pillars: 1. FREE NOW. 2. SHARE NOW. 3. PARK NOW & CHARGE NOW. The introduction of a new umbrella organization, effective 1 January 2020, will support efficient management of these three pillars.
Rainer Feurer, Senior Vice President Investment of BMW Group: “As a shareholder, we firmly believe that combining the services into three pillars will strengthen the joint ventures’ impact and focus in a highly competitive, fast-growing environment. Both shareholders are backing the YOUR NOW business model and are determined to develop the joint ventures into a leading player in the mobility market.” Franz Reiner, CEO of Daimler Mobility AG: “We are setting the course for the YOUR NOW joint ventures to achieve sustainable profitability. At the same time, partnerships are increasingly important to success in the marketplace and, in this respect, we are open to further stepping up growth.”
Projected order volume totals 540 million euros +++ Raw material extracted sustainably at mines in Australia
Munich. As part of its electromobility expansion, the BMW Group is deepening its existing business relationship with Ganfeng Lithium Co., Ltd. based in Jiangxi (China). The two companies have signed a supply contract for the lithium needed as a key raw material for battery cells. “The projected order volume totals 540 million euros. In this way, the BMW Group is securing 100% of its lithium hydroxide needs for fifth-generation battery cells in its high-voltage batteries,” said Dr. Andreas Wendt, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network.
The contract is for a term of five years (2020 – 2024).
“Alongside cobalt, lithium is one of the key raw materials for electromobility. With the signing of this contract, we are securing our lithium needs for battery cells,” continued Wendt. “We aim to have 25 electrified models in our line-up by 2023 – and more than half will be fully electric. Our need for raw materials will continue to grow accordingly. By 2025, for lithium alone, we expect to need about seven times the amount we do today.”
Sustainability and security of supply are important factors in the expansion of electromobility. For the BMW Group’s purchasing experts, ethically responsible raw material extraction and processing begins right at the start of the value chain: They are intensively involved throughout our battery cell supply chains – all the way down to the mines themselves. Compliance with environmental standards and respect for human rights have absolute priority. “Sustainability is an important aspect of our corporate strategy and plays a central role in expanding electromobility. We are fully aware of our responsibilities: Lithium and other raw materials must be extracted and processed under ethically responsible conditions,” underlined Wendt. Ganfeng extracts lithium by mining so-called hard-rock deposits in Australia under the strictest sustainability standards.
BMW brand sales up 2.9% to 194,690 vehicles +++ Significant growth of the BMW brand in the US and China +++ BMW 3 Series Sedan and Touring post substantial sales increase +++ X models driving growth since start of 2019, up +23.1% +++ Nota: “Sales of electrified vehicles climb 18.4% to reach new all-time high”
Munich. BMW Group sales continued their positive trend in November: Worldwide deliveries increased by 1.4% over the same month last year to 225,662 units. Deliveries in the year to the end of November were up 1.7% year-on-year, with a total of 2,296,174 premium BMW, MINI and Rolls-Royce vehicles sold.
“After renewed growth in November, we continue to approach a new record for the full year as planned,” said Pieter Nota, member of the Board of Management of BMW AG responsible for Customer, Brands and Sales. “Our electrified vehicles also performed particularly well in November, with sales increasing by 18.4% to reach a new all-time sales high. Last month, one in five BMW 5 Series Sedans was a plug-in hybrid,” Nota continued.
Total sales of BMW brand vehicles grew by 2.9% in November to 194,690 units. In the year to date, BMW brand sales increased by 2.4% to 1,972,394. Alongside the successful luxury segment, the new and revised BMW X vehicles, in particular, also contributed to the brand’s growth, with sales rising 23.1% to 870,267 vehicles in the year to the end of November. The popular BMW 3 Series Sedan (+33.7%) and Touring (+21.6%) also posted high double-digit growth in November.
BMW brand sales up 2.9% to 194,690 vehicles +++ Significant growth of the BMW brand in the US and China +++ BMW 3 Series Sedan and Touring post substantial sales increase +++ X models driving growth since start of 2019, up +23.1% +++ Nota: “Sales of electrified vehicles climb 18.4% to reach new all-time high”
Munich. BMW Group sales continued their positive trend in November: Worldwide deliveries increased by 1.4% over the same month last year to 225,662 units. Deliveries in the year to the end of November were up 1.7% year-on-year, with a total of 2,296,174 premium BMW, MINI and Rolls-Royce vehicles sold.
“After renewed growth in November, we continue to approach a new record for the full year as planned,” said Pieter Nota, member of the Board of Management of BMW AG responsible for Customer, Brands and Sales. “Our electrified vehicles also performed particularly well in November, with sales increasing by 18.4% to reach a new all-time sales high. Last month, one in five BMW 5 Series Sedans was a plug-in hybrid,” Nota continued.
Total sales of BMW brand vehicles grew by 2.9% in November to 194,690 units. In the year to date, BMW brand sales increased by 2.4% to 1,972,394. Alongside the successful luxury segment, the new and revised BMW X vehicles, in particular, also contributed to the brand’s growth, with sales rising 23.1% to 870,267 vehicles in the year to the end of November. The popular BMW 3 Series Sedan (+33.7%) and Touring (+21.6%) also posted high double-digit growth in November.
Official inauguration of new joint venture "Spotlight Automotive Limited” +++ Important step in MINI’s electrification strategy +++ New plant with standard capacity of 160,000 units +++ Partners invest together approximately 650 million Euro +++ Innovative joint venture model with joint development and production +++ Win-win: Strengths of both partners complement each other
Zhangjiagang/Munich. The BMW Group and Great Wall Motor are driving e‑mobility forward by building a joint plant in China, where the BMW Group will produce future fully-electric models of its MINI brand. High-level representatives of the local Chinese government, Great Wall Motor and the BMW Group today announced the launch of the new joint venture, Spotlight Automotive Limited. The plant will have a standard capacity of up to 160,000 vehicles per year, which will require around 3,000 employees after the ramp-up phase. Both partners will together invest around 650 million Euro (more than five billion CNY). The construction phase is planned for 2020 to 2022.
The event took place in the city of Zhangjiagang in China’s Jiangsu Province, the location of the new automotive plant. Today’s official inauguration marks the next milestone in the relationship between Great Wall Motor and the BMW Group. In summer 2018, the 50:50 joint venture agreement was signed in Berlin in the presence of Chinese Premier Li Keqiang and German Chancellor Angela Merkel.
As well as production, the innovative joint venture model also includes joint development of battery-electric vehicles in the world’s largest market for electromobility. The joint venture envisages production of future electric MINI vehicles, as well as several models and brands for Great Wall Motor. Following the launch of the brand-new first-generation fully-electric MINI*, which will be built at Oxford and come to market in the first quarter of 2020, this is another important step towards the MINI brand’s electrified future. MINI Plant Oxford, which recently built the 10 millionth car since the brand’s launch in 1959, will remain the heart and home of MINI manufacturing, while the Spotlight Automotive joint venture will provide additional capacity and flexibility.
CATL order volume increased to 7.3 billion euros +++ Long-term supply contract with Samsung SDI worth 2.9 billion euros +++ Delivery of battery cells for fifth-generation electric drive trains from 2021
Munich / Seoul. The BMW Group is forging ahead with electromobility and deepening its existing business relationships with battery cell manufacturers CATL (Contemporary Amperex Technology Co. Limited) and Samsung SDI.
The original CATL order volume of four billion euros announced in mid-2018 will now be increased to 7.3 billion euros (contract duration from 2020 to 2031), with 4.5 billion euros for the BMW Group and 2.8 billion euros for the Chinese production site of the BMW Brilliance Automotive Ltd. (BBA) joint venture in Shenyang. The BMW Group is the first customer of the CATL battery cell plant currently under construction in Erfurt, Germany. “We strongly supported and played an active part in establishing CATL in Germany,” said Dr. Andreas Wendt, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network.
The BMW Group has also signed a long-term supply contract for its fifth-generation electric drive trains with its second battery cell supplier, Samsung SDI. The contract, with value of 2.9 billion euros, extends from 2021 to 2031. “In this way, we are securing our long-term battery cell needs. Every cell generation is awarded in global competition to the leading manufacturer from both a technology and a business perspective. This ensures we always have access to the best possible cell technology,” Wendt announced at a supplier event today in Seoul, South Korea.
Zipse: “energy density to double by 2030” +++ Development of next-generation battery cells +++ Cutting-edge laboratory and analytical equipment +++ Production of prototype cells to industry standards +++ Sustainable, long-term material procurement
Munich. The BMW Group is building on its leading position in the world of electric mobility and has pooled its many years of experience with battery cells and extensive knowledge in the field in a new Competence Centre. The purpose of the facility in Munich is to advance battery cell technology and carefully dissect the production processes. “The new Battery Cell Competence Centre puts us in an enviable position,” said Oliver Zipse, Chairman of the Board of Management of BMW AG. “Taking the technology currently in the BMW i3 as a basis, by 2030 we will be able to double the energy density of our battery cells – and therefore also the operating range of the vehicles for our customers.”
The BMW Group today presented its new high-tech Competence Centre to media representatives from around the world in the presence of Bavarian state premier Dr Markus Söder, revealing state-of-the-art labs, research facilities and prototype systems.
And Zipse continued: “Battery cell technology is a key success factor in our electric vehicle offensive, as it influences both operational performance and battery costs. Our unrivalled expertise throughout the value chain ensures we are always at the cutting edge of technology. We can specify the exact formats we want to procure, as well as the materials and the conditions involved. As a result, we are ideally positioned to drive forward the rollout of our electrified vehicles.”
BMW brand sales up 3.0% to 176,291 vehicles +++ BMW i3 success story continues with 19.9% growth in year to date +++ Luxury segment sales climb nearly 60% in first ten months +++ BMW brand grows 9.4% in October in US +++ Nota: “Solid increase of 8.6% for electrified vehicles in October”
Munich. The BMW Group continued to grow its worldwide sales in October, reaching a total of 204,295 vehicles (+1.7%). Deliveries in the year to date were up 1.7% on the same period of last year, with 2,070,496 premium BMW, MINI and Rolls-Royce vehicles sold.
“Our model offensive continues to have a positive impact. We were able to achieve new all-time sales highs for October and the first ten months of the year,” said Pieter Nota, member of the Board of Management of BMW AG responsible for Customer, Brands and Sales. “With our electrified vehicles, we achieved a solid increase of 8.6% in October. The BMW i3 is a real electromobility pioneer and more popular with our customers today than ever, posting sales growth of nearly 20% in the year to date,” added Nota.
Deliveries and market share up, despite weak market trend +++ EBIT and free cash flow rise significantly in third quarter +++ High upfront expenditure for future-oriented technologies +++ Outlook for financial year 2019 reaffirmed +++ Zipse: “The decisive transformation is taking place inside the vehicle”
Munich. The BMW Group recorded growth in deliveries, revenues and earnings in the third quarter and is therefore well on its way to achieving its targets for 2019. Group net profit increased at a double-digit percentage rate, helped to some extent by a base effect from the previous year’s reported figures. Moreover, profitability has continued to improve over the course of the nine-month period. To compensate for the high upfront expenditure on future-oriented technologies, the BMW Group is working hard on continually improving efficiency.
“At the nine-month stage, we are well on our way to achieving our targets for the year as a whole,” said Oliver Zipse, Chairman of the Board of Management of BMW AG, in Munich on Wednesday. “However, we are looking further into the future, having recognised that far-reaching technological transformation is a great opportunity for the BMW Group. I am convinced that our business model will only benefit from this. The vehicle of the future, with all its integrated digital functions, is a high-tech product of a complexity that is still underestimated.”
4,100 charging points to be installed by 2021 +++ Offer for employees at German locations +++ Public access also planned +++ Charging with green energy at attractive conditions
Munich. The BMW Group is setting the course for the electric future of mobility and will install over 4,100 charging points for electrified vehicles at its German locations by 2021. The new charging infrastructure enables BMW Group employees to charge their cars conveniently at their workplace with attractive conditions. Charging options at work are becoming increasingly important as more and more employees use BMW Group electrified vehicles. Around half of the charging points will also be open to the public.
Klaus Fröhlich, Member of the Board of Management of BMW AG, responsible for Development, emphasizes: “A good charging infrastructure is one of the fundamental prerequisites – alongside range and competitive costs – for the acceptance and growth of electric mobility. This is why the BMW Group is again making progress and investing systematically in the expansion of the charging infrastructure at our German locations.”
BMW deliveries up 4.8% in September +++ BMW i3 sales climb 21.9% in first three quarters +++ Rolls-Royce brand maintains strong sales growth +++ Nota: “Model offensive having real impact also in luxury segment”
Munich. In the first nine months of the year, the BMW Group grew its worldwide sales by 1.7%, to 1,866,198 units. Deliveries in September were up 4.6% on the same month last year, with a total of 248,684 premium BMW, MINI and Rolls-Royce vehicles delivered to customers.
“Following the successful market launch of the new BMW 7 Series, BMW X7, BMW 8 Series Coupé and the BMW 8 Series Convertible, the BMW 8 Series Gran Coupé is now also in showrooms, since September. With this model offensive, we are continuing to expand our position in the highly profitable luxury segment,” said Pieter Nota, member of the Board of Management of BMW AG responsible for Customer, Brands and Sales. “We also offer the broadest electrified line-up of any of our competitors. In its sixth year the fully-electric BMW i3 is still performing extremely well and will therefore continue to be part of our line-up in the coming years. We will be launching another pure electric vehicle, the MINI Electric, towards the end of the year.”
Ilka Horstmeier to be responsible for Human Resources Division +++ Milan Nedeljkovic to head Production Division +++ Reithofer: "Managers are the cornerstone of our success" +++ Zipse: "I look forward to working with them in the Board of Management"
Munich. The BMW Group is bringing younger members onto its management team: At its meeting today, the Supervisory Board of BMW AG appointed Ilka Horstmeier (50) and Milan Nedeljkovic (50) as new members of the Board of Management.
Effective 1 October 2019, Milan Nedeljkovic will assume responsibility for the Production Division, taking over from Oliver Zipse, who was appointed Chairman of the Board of Management of BMW AG on 16 August 2019. Nedeljkovic has been with the BMW Group since 1993 and currently heads the Corporate Quality Division. He was previously managing director of BMW Group Plant Munich and BMW Group Plant Leipzig.
Effective 1 November 2019, Ilka Horstmeier will succeed Milagros Caiña-Andree as head of the Human Resources Division and labour relations director. Horstmeier has worked for the BMW Group since 1995 and is currently managing director of BMW Group Plant Dingolfing. Prior to that, she also served as head of the Engine, E-Powertrain production division.
BMW brand deliveries up 4.1% to 157,889 vehicles +++ MINI brand grows sales 6.2% to 22,859 units +++ BMW i3 sales increase by 29.6% to 3,101 vehicles +++ Nearly every second vehicle sold in August an X model +++ Nota: "Sales growth underlines positive impact of model offensive"
Munich. BMW Group sales continued their positive trend in August: Worldwide deliveries were up 4.4% on the same month last year, with a total of 181,126 premium BMW, MINI and Rolls-Royce vehicles sold. This brings the company's total sales for the year to date to 1,617,512 units (+1.3%), in a volatile global market environment.
“This positive sales development underlines the impact of our model offensive. Our new X models are proving very popular with our customers," said Pieter Nota, member of the Board of Management of BMW AG responsible for Customer, Brands and Sales. "Another positive is the continued strong sales growth of the BMW i3, the world's most successful electric vehicle in its segment. The plug-in hybrid version of the new BMW 3 Series, the BMW 330e*, was also added to our line-up of electric vehicles in August."
BMW, MINI and Rolls-Royce sales total 183,487, up 1.3% +++ BMW brand sales up 1.6% with 157,062 delivered to customers +++ BMW X vehicles grow sales 27.2% +++ Double-digit growth for BMW i3 sales +++ Nota: “Our model roll-out continues to have a positive impact”
Munich. BMW Group sales continued their positive trend in July: worldwide deliveries were up 1.3% on the same month last year, with a total of 183,487 premium BMW, MINI and Rolls-Royce vehicles sold. This brings the company’s total sales for the year to date to 1,436,382 (+0.9%). This growth was achieved despite ongoing volatility in several markets around the world.
“In a highly competitive and challenging global market, our new model rollout continues to have a positive impact on our sales result, with new highs recorded both in the month and the year to date. This year, the BMW brand is launching 21 new or revised models and those already on the market are proving very popular with customers,” said Pieter Nota, member of the BMW AG Board of Management responsible for Customer, Brands and Sales. “Sales of our BMW X vehicles are up over 27% in July; the launch of the new BMW X6 later this year is the final step in the complete renewal and expansion of this hugely successful range of vehicles. Meanwhile the pioneering BMW i3 is more popular than ever, with sales achieving double-digit growth once again in July.”
Krüger: "We deliver on our promises" +++ BMW brand clear leader in global premium segment in June +++ Bucking the trend: Retail sales and market share increased +++ Automotive segment EBIT margin improved in Q2 +++ BMW Group accelerates pace of e-mobility activities +++ Further increase in upfront expenditure for mobility of the future
Munich. The BMW Group's operations remained well on course during the second quarter, despite a challenging market environment. In line with forecast, the Group achieved an improvement in both earnings and profitability compared to the first quarter and confirms its targets for the financial year 2019.
Against the prevailing market trend, in the first half of the year the BMW Group delivered more vehicles to customers than ever before, thereby gaining segment share in key markets. With its attractive, rejuvenated range of models, the BMW brand finished with a clear lead in the premium segment in June.
Zipse to assume new role on 16 August 2019
Munich. Oliver Zipse will assume the role of Chairman of the Board of Management of BMW AG effective on 16 August 2019. The company’s Supervisory Board made this decision today during its meeting in Spartanburg, South Carolina (USA). Zipse will succeed Harald Krüger, who informed the Chairman of the Supervisory Board at the beginning of July that he would not seek a second term of office. Krüger will resign as Chairman and will leave the Board of Management by mutual agreement on 15 August 2019.
“With Oliver Zipse, a decisive strategic and analytical leader will assume the Chair of the Board of Management of BMW AG. He will provide the BMW Group with fresh momentum in shaping the mobility of the future,” said Dr Norbert Reithofer, Chairman of the Supervisory Board of BMW AG. Zipse, the designated Chairman of the Board of Management, has been a member of the Board of Management of BMW AG since 2015 and is currently responsible for the production division. He began his professional career in the company in 1991 as a Trainee and has since held various management positions, including as Managing Director Plant Oxford and Senior Vice President Corporate Planning and Product Strategy.
Record first half-year sales top 1.25 million, up 0.8% +++ Best-ever June for BMW: sales up 1.4% to total 203,523 +++ BMW brand sales up 1.6% in year to date: 1,075,959 delivered +++ BMW i3 sales increase 21.2% in first half-year +++ Significant customer interest in new MINI ELECTRIC +++ Nota: “Positive impact of our model roll-out is clear”
Munich. BMW Group sales continued their positive trend in June: worldwide deliveries were up 0.7% on the same month last year, with a total of 240,674 premium BMW, MINI and Rolls-Royce vehicles sold. This brings the company’s total sales for the year to date to 1,252,837 (+0.8%), the first time the company has sold more than 1.25 million vehicles in the first half of the year. This sales growth was achieved despite ongoing volatility in several markets around the world.
“Our model rollout is clearly having a positive impact on our sales result, with our exciting new vehicles getting very positive feedback from customers. In the first half year, we were able to counter the trend and grow sales above market, thereby gaining further market share,” said Pieter Nota, member of the BMW AG Board of Management responsible for Customer, Brands and Sales. “For the first time ever, we have delivered more than 1.25 million vehicles in the first half of the year. Our new X family vehicles are more popular than ever, with sales up 23.1% compared to the first half of last year. And as we saw at our #NEXTGen event in June, where we celebrated six innovative world premieres, there is plenty more to come.”
The Chairman of the Supervisory Board has complete respect and understanding for his decision +++ Krüger: “I would like to pursue new professional endeavours”
Munich. The Chairman of the Board of Management of BMW AG, Harald Krüger, gave notice today that he will not seek a second term of office. The Chairman of the Supervisory Board, Dr Norbert Reithofer, has complete respect and understanding for his decision. The Supervisory Board will address the matter of a successor during its next meeting on 18 July 2019. Until a decision has been made, Harald Krüger will hold his position as Chairman of the Board of Management.
“The BMW Group has been my professional home for more than 27 years. After more than ten years in the Board of Management, more than four of which as the CEO of the BMW Group, I would like to pursue new professional endeavours and leverage my diverse international experience for new projects and ventures,” said Krüger. “Over the last years, the automotive industry has been shaped by enormous changes, which have brought about more transformation than in the previous 30 years. This has demanded tremendous efforts from every employee within the company. For their outstanding commitment, I would like to personally thank each and every one of them. It has always been a true honour for me to work with this tremendous team and to set the BMW Group on a path towards a successful future during the most significant transformation of this industry.”
Initial goal: to develop technologies for driver assistance systems, highly automated driving on highways, and automated parking (all up to SAE Level 4) +++ Market launch in series vehicles scheduled for 2024 +++ Partners will implement technologies independently in their respective series vehicles +++ Cooperation involves over 1,200 development specialists in Unterschleissheim and Sindelfingen
Munich/Stuttgart. The BMW Group and Daimler AG are launching their cooperation on automated driving: representatives from the two companies today signed an agreement for a long-term strategic cooperation, which will focus on joint development of next-generation technologies for driver assistance systems, automated driving on highways and automated parking (all to SAE Level 4). In addition, further talks are planned to extend the cooperation to higher levels of automation in urban areas and city centres. This underscores the long-term and lasting nature of the undertaking, which will extend to encompass a scalable platform for automated driving. The non-exclusive cooperation is also open to other OEMs and technology partners, with results being made available to other OEMs under license.
A key aim of the cooperation is the swift market launch of the technology, which is expected to feature in passenger car systems for private customers from 2024. The two companies will each implement the technologies in their respective series products independently. The cooperation will see more than 1,200 specialists working together, often in mixed teams. They will be based at locations including the BMW Group Autonomous Driving Campus in Unterschleissheim, near Munich, the Mercedes-Benz Technology Centre (MTC) in Sindelfingen and the Daimler Testing and Technology Centre in Immendingen. Efforts will focus on developing a scalable architecture for driver assistance systems, including sensors, as well as a joint data centre for data storage, administration and processing, and the development of functions and software.
Two years early: 25 electrified models in 2023 +++ Steep growth curve: sales of electrified vehicles to climb more than 30 percent per year up to 2025 +++ Sales of electrified vehicles set to more than double between 2019 and 2021 +++ World premieres at #NEXTGen: BMW Vision M NEXT and BMW Motorrad Vision DC Roadster showcase next-generation e-mobility +++ BMW eDrive Zones function fitted as standard in BMW plug-in hybrids from 2020 +++ Krüger: “Moving sustainable mobility up a gear”
Munich. Fully charged as it accelerates along its Future Highway 2025, the BMW Group is adjusting frequency to up the tempo of its electromobility expansion programme. The company will now achieve the total of 25 electrified models previously announced for 2025 two years earlier, in 2023. Thanks to flexible vehicle architectures for fully-electric, plug-in hybrid and combustion engine drive trains, the company is able to respond quickly to changing conditions. More than half of the 25 models will be fully electric.
“We are moving up a gear in the transformation towards sustainable mobility, thereby making our company fit for the future: Over the past two years, we have consistently taken numerous decisions that we are now bringing to the roads. By 2021, we will have doubled our sales of electrified vehicles compared with 2019,” said Harald Krüger, Chairman of the Board of Management of BMW AG, in Munich on Tuesday. “We will offer 25 electrified vehicles already in 2023 – two years earlier than originally planned. We expect to see a steep growth curve towards 2025: Sales of our electrified vehicles should increase by an average of 30 percent every year.”
Electrified sales crack 400,000 milestone: up 9.8% in May +++ BMW Group total sales up 3.2% in May to total 210,563 +++ BMW brand sales up 4.6% with 181,888 delivered in May +++ Positive sales development in top three markets +++ Double-digit growth in China and Germany +++ BMW i3 deliveries increase by 40.0% in May +++ Nota: “Our new X models are driving growth”
Munich. May was a positive month for BMW Group sales, with worldwide deliveries increasing by 3.2% to achieve a total of 210,563 premium BMW, MINI and Rolls-Royce vehicles sold. This brings the company’s total sales for the year-to-date to 1,012,093, an increase of 0.8% compared with the first five months of last year. This sales growth was achieved despite ongoing volatility in several markets around the world.
“With this positive result, we are clearly seeing the impact of our model rollout. In May, we were once again able to grow sales above market, thereby gaining further market share,” said Pieter Nota, member of the BMW AG Board of Management responsible for Customer, Brands and Sales. “Especially pleasing is the development of our new X models, as their overall sales increased by over 30% in the month. Similarly, i3 sales continue to grow, bucking the usual cycle, and were up 40% in the month. This helped us reach an important milestone in May, as we delivered our 400,000th electrified vehicle since the i3 was launched in November 2013,” Nota continued.
Five fully-electric models in 2021 +++ Further expansion of plug-in hybrid fleet +++ Goal: 100% renewable energy for all sites from 2020 +++ Krüger: “Ensure a world worth living in for our children“
Munich. The BMW Group, a pioneer in electromobility, is rapidly expanding its range of electrified vehicles. Within two years, the company will offer five fully-electric series-production vehicles: Alongside the BMW i3, with more than 150,000 units built to date, this year will see the start of production of the fully electric MINI at Plant Oxford (UK). This will be followed in 2020 by the fully-electric BMW iX3 from Shenyang (China) and in 2021 by the BMW iNEXT, which will be produced in Dingolfing (Germany), and the BMW i4 from Plant Munich (Germany).
Including its extensive fleet of plug-in hybrids, the BMW Group has the widest range of electrified vehicles on the market. Updated, extended electric-range plug-in-hybrid versions of the BMW 3 Series, BMW 7 Series and BMW X5 alongside the new BMW X3 plug-in hybrid were presented at this year’s Geneva Motor Show. A few weeks later, the updated plug-in hybrid variant of the BMW X1 Long Wheelbase Version, which is produced locally for the Chinese market, was shown at the Shanghai Auto Show. This diversity of electrified drive concepts underlines the importance of technology openness on the road to sustainable mobility.
BMW Group sales grow in April and in year-to-date +++ BMW sales up 2.3% with 171,154 deliveries worldwide in April +++ Positive sales development bucks trend in several major markets +++ Sales increased in China, USA, Germany, UK +++ BMW i3 deliveries up 21.6% in April +++ MINI Electric sales quadruple year-on-year +++ Nota: “We’re making steady progress in a challenging environment”
Munich. BMW Group sales continue to grow steadily, with deliveries of premium BMW, MINI and Rolls-Royce vehicles increasing by 0.7% in April. The month saw a total of 196,179 BMW Group vehicles delivered to customers, bringing the total for the year-to-date to 801,520 / +0.2%. This positive result was achieved despite the downward trend in many markets around the world.
“This positive sales result, achieved in a challenging environment, shows that with our ongoing model rollout, we are attracting new customers to our core brand and making steady progress towards achieving our goal of increased sales in 2019,” said Pieter Nota, Member of the BMW AG Board of Management responsible for Customer, Brands and Sales. “Demand for the BMW X7 has exceeded our expectations and has helped overall sales of our BMW X vehicles grow by over 20% in April. The model changeover of the BMW 3 Series is proceeding as planned and in markets where the seventh generation is already available, customers are responding very positively to the new model,” Nota continued.
Recognition of provision for EU proceedings +++ Volume growth achieved despite prevailing sector trend – market share increased +++ Further rise in upfront expenditure for tomorrow’s mobility +++ Significant increase in Motorcycles segment EBIT +++ Good quarter for Financial Services segment +++ Electrified vehicle deliveries continue to grow +++ Tomorrow’s mobility requires openness to new technologies +++ Krüger: “Tailwinds expected in second half of year”
Munich. Within a challenging market environment, the BMW Group has started the financial year 2019 in line with expectations in operational terms. Contrary to the prevailing trend in the sector, the Group's attractive and significantly younger model range enabled the company to set a new record in terms of deliveries to customers in the first quarter, thereby expanding its market share of the premium-segment in key regions. These positive developments were accompanied, however, by increasing downward pressure on pricing in some markets.
“The Group's new first-quarter sales record proves that we are putting the right products on the roads, thereby attracting new customers, as well as inspiring existing clients. In operational terms, we remain firmly on course and expect business to benefit from tailwinds, especially in the second half of the year, as numerous new models become available. At the same time, we are experiencing the impact of high levels of expenditure in numerous areas affecting the entire automotive sector. In addition, it has also been necessary to recognise a provision relating to ongoing proceedings of the EU Commission,” stated Harald Krüger, Chairman of the Board of Management of BMW AG, on Tuesday in Munich. “Within this challenging environment, we will remain true to the BMW way of doing things. We are fully focused on our roadmap for future mobility and the rigorous implementation of our Strategy NUMBER ONE > NEXT”.
BMW Group global number one in premium segment in first quarter +++ BMW brand delivers 221,631 in March, up 3.7% +++ All major sales regions contribute to sales increase +++ First quarter sales grow at BMW, Rolls-Royce, BMW Motorrad +++ BMW i3 sales up 16% for best-ever first quarter: 9,227 sold +++ Nota: “Our focus remains on sustainable, profitable growth”
Munich. March 2019 was the best-ever single sales month in the BMW Group’s history with a total of 263,319 premium BMW, MINI and Rolls-Royce vehicles delivered to customers, an increase of 2.8% on the same month last year. Across the first quarter of the year, the company maintained sales at last year’s high level, with a total of 605,333 (+0.1%) vehicles sold.
“The year is progressing as we expected, given the ongoing model changeover of the BMW 3 Series sedan and headwinds in markets worldwide,” said Pieter Nota, Member of the BMW AG Board of Management. Since 1 April 2019 he is responsible for Customer, Brands and Sales, a new role which encompasses the company’s three automotive brands, BMW, MINI and Rolls-Royce. “March was our best-ever single month for sales. In several significant markets, including China and the USA, we successfully grew sales, beating the market trend. In the USA, BMW was the biggest-selling premium brand in the first quarter of the year. The seventh generation BMW 3 Series achieved a strong start in March and the global rollout will continue in the coming months. It’s just one of many exciting new models which I believe will support us as we focus on achieving sustainable, profitable growth in a highly competitive environment.”
In connection with the ongoing antitrust proceedings, the European Commission today informed the BMW Group about a “Statement of Objections”. +++ The Statement of Objections leads the BMW Group to believe that it is probable (“more likely than not”) that the EU Commission will issue a significant fine. +++ According to the International Financial Reporting Standards, this results in an obligation to recognise a provision.
Munich. In connection with the ongoing antitrust proceedings, the European Commission today informed the BMW Group about a “Statement of Objections”. The EU Commission is investigating whether German automobile manufacturers cooperated in technical working groups to restrict competition in development and rollout of emission-reduction technologies.
The BMW Group will contest the EU Commission’s allegations with all legal means if necessary.
BMW Group to examine Commission’s statement of objections in depth +++ Talks in working groups aimed at technological freedom of choice and the practicability of legally required reduction of exhaust gas emissions +++ Lawful coordination of industry positions on regulatory framework should not be equated with unlawful cartel agreements +++ BMW Group exhaust gas treatment systems differ from competitors’ +++ No evidence of agreements on use of unlawful defeat devices
Munich. On 5 April 2019, the BMW Group received a so-called “statement of objections” from the European Commission in connection with the ongoing antitrust proceedings. The statement relates to the investigation into talks held by working groups of German automobile manufacturers a number of years ago and includes a provisional competitive assessment by the EU Competition Authority.
The BMW Group will examine the objections and information provided by the European Commission and submit a reply to the authority. Since this matter concerns ongoing proceedings of the European Commission, the company will not comment on the content of the objections at this time. The BMW Group’s review of the statement of objections and any resulting potential financial impact is ongoing.
Krüger: "Systematically working to ensure operational excellence" +++ Operating efficiency: Performance > NEXT offers potential efficiencies in excess of € 12 billion by 2022 +++ Upfront expenditure expected to remain high +++ New structure for sales divisions +++ EBIT margin of 8 to 10 per cent remains ambition +++ Challenges influence 2019 outlook
Munich. On its way towards the mobility of the future, the BMW Group is taking strategic steps to enhance its operating performance on a sustainable basis. As well as systematically implementing its strategy NUMBER ONE > NEXT, the company is also focusing on faster processes, leaner structures and therefore greater efficiency. In view of the many challenges currently facing the automotive sector, the BMW Group is ensuring it maintains its financial strength to influence and decisively shape individual premium mobility moving into the next decade, just as it has over the past ten years.
"After three years of Strategy NUMBER ONE > NEXT, we remain firmly on course, having established a strong position as one of the world's top providers of e-mobility. We lead the European market and will soon go into series production of our fifth generation of electric drivetrain systems. We’re significantly expanding our presence in the upper luxury class. Our first highly automated vehicle will become available in 2021 and we are already now paving the way for the development of the next generation of groundbreaking technology. In the field of mobility services, we are joining forces with Daimler AG to create even greater momentum," said Harald Krüger, Chairman of the Board of Management of BMW AG, in Munich on Wednesday. "We need to work systematically on our operational excellence in order to leverage these strategic advances and ensure our ability to use our own underlying strength to help shape the sector’s transformation going forward," he added.
Munich. The BMW Group has secured a major order from INEOS Automotive Ltd. for the delivery of petrol and diesel engines. The contract is a further important step in the BMW Group’s strategy to expand its business providing drivetrains to industrial customers.
The powerful and efficient BMW TwinPower Turbo engines are destined for INEOS Automotive Ltd.’s new off-road vehicle project under a contract that foresees the delivery of a high-range five-digit number of engines. With this agreement, the BMW Group opens up additional sales channels and taps new growth potential.
“Our company is famous for efficient high-performance engines that are among the best in the world”, said Pieter Nota, Member of the BMW AG Board of Management responsible for Sales and Brand BMW and Aftersales BMW Group. “We offer a broad range of premium, tailor-made drivetrain technologies and services for carmakers and other customers and believe this is a business area with real growth potential.”
BMW, MINI and Rolls-Royce to be part of one single Sales Division, headed by Nota +++ Schwarzenbauer to promote transformation to e-mobility +++ BMW Motorrad to join Development Division +++ Krüger: “Clear message for lean, future-proof structures
Munich. The BMW Group is reorganising its Board of Management to create a new leaner, future-oriented structure. From 1 April 2019, the BMW, MINI and Rolls-Royce automotive brands will be part of a new central Sales Division. It will be headed by Pieter Nota, Member of the BMW AG Board of Management responsible until now for Sales and Brand BMW, Aftersales BMW Group. Nota will also remain responsible for additional functions including brand and product management and aftersales. Meanwhile, BMW Motorrad will become part of the Development Division under Management Board member Klaus Fröhlich.
“We are restructuring our divisions to give us the best possible foundation for the future. It sends out a clear signal that our organisation is lean and efficient throughout the company,” said Harald Krüger, Chairman of the BMW AG Board of Management, speaking in Munich on Friday.
Second-highest Group profit to date achieved +++ EBT margin above target of 10 per cent +++ Record research and development expenditure +++ More than ten new electrified models lined up +++ EBIT margin in Automotive segment above 7 per cent +++ Second-highest dividend proposed +++ Krüger: "Great efforts needed"
Munich. In the course of a challenging financial year 2018, the BMW Group made important strategic decisions set to secure its long-term success. As part of the company’s Strategy NUMBER ONE > NEXT, the green light was given to launch a new product offensive in the upper luxury class and the cornerstone was laid for additional expansion of the company’s presence in China, the world's largest automobile market. With the BMW Vision iNEXT, the Group also presented its new technology flagship, which integrates the key future-oriented topics of autonomous driving, connectivity, electrification and services (ACES). The BMW Group continues to systematically broaden its range of electrified models and is increasingly focusing on co-operations in the fields of mobility services and autonomous driving. At the same time, especially during the second half of the year, business performance was impacted by significant challenges relevant to the entire sector, and which are expected to accompany the BMW Group beyond 2018.
"2018 was a challenging year for the automotive sector as a whole. Nevertheless, we achieved the second-highest Group profit to date," said Harald Krüger, Chairman of the Board of Management of BMW AG, in Munich on Friday. "The challenges facing the entire sector are unlikely to diminish in the coming months. Great efforts will therefore be needed across the entire Group to help shape the sector’s transformation under such conditions."
New BMW 3 Series sedan arriving in showrooms in March +++ BMW i3 sales increase 20% in first two months of year +++ Nota: “confident we will achieve slight sales increase this year”
Munich. Following sales growth in January, with the model changeover of the company’s best-ever selling sedan, the BMW 3 Series, in full swing deliveries at the BMW Group dipped slightly in February with a total of 171,501 (-4.1%) BMW, MINI and Rolls-Royce brand vehicles handed over to customers worldwide. Year-to-date deliveries totalled 341,977 (-1.9%).
“With the current model changeover of the BMW 3 Series sedan, we had expected the year to start slowly,” commented Pieter Nota, Member of the BMW AG Board of Management responsible for Sales and Brand BMW. “However the new 3 Series, which has had great media reviews, is arriving in the showrooms right now and it’s already got a very strong order-book. The 3 Series, together with the exciting new models we showed in Geneva this week, including four new plug-in hybrids, will give us increasing sales momentum as the year continues. I remain confident we will achieve a slight sales increase in 2019.”
Long-term strategic cooperation planned +++ Next generation of technologies for driver assistance systems and highly automated driving on highways (SAE Level 3 and Level 4) +++ Goal: a flexible platform and shorter innovation cycles +++ Technology to be market ready by mid-2020s +++ Klaus Fröhlich: Consistent pursuit of scalable platform strategy and pooling of expertise from two technology leaders +++ Ola Källenius: Working with the right partners, we want to continue enhancing this technology and get it ready for the road.
Munich/Stuttgart. The BMW Group and Daimler AG are to join forces on automated driving. Initially, the focus will be on advancing the development of next-generation technologies for driver assistance systems, automated driving on highways and parking features (up to SAE Level 4). The two companies have signed a Memorandum of Understanding to jointly develop this technology, which is key for future mobility. The BMW Group and Daimler AG view their partnership as a longterm, strategic cooperation and aim to make next-level technologies widely available by the middle of the coming decade.
“As we continue to pursue our strategy, we are combining the expertise of two technology leaders. At the BMW Group, long-term partnerships within a flexible, scalable, non-exclusive platform are fundamental to advancing the industrialisation of autonomous driving. Combining the key expertise of our two companies will boost our innovative strength and speed up the spread of this technology,” said Klaus Fröhlich, Member of the Board of Management of BMW AG, Development.
Game-changing new player to enter growing market for urban mobility +++ Vision: all-electric, autonomous, on-demand mobility +++ Five joint ventures to be established: REACH NOW, CHARGE NOW, FREE NOW, PARK NOW, and SHARE NOW +++ Services already have roughly 60 million customers worldwide +++ Plans to create up to 1,000 new jobs worldwide +++ BMW Group and Daimler AG to share investments and maximize chances
Berlin. The BMW Group and Daimler AG are pooling their mobility services to create a new global player providing sustainable urban mobility for customers. The two companies are investing more than €1 billion in total to develop and more closely intermesh their offerings for car-sharing, ride-hailing, parking, charging and multimodal transport. The cooperation comprises five joint ventures: REACH NOW for multimodal services, CHARGE NOW for charging, FREE NOW for taxi ride-hailing, PARK NOW for parking and SHARE NOW for car-sharing.
“Our mobility services have developed a strong customer base and we are now taking the next strategic step. We are pooling the strength and expertise of 14 successful brands and investing more than €1 billion to establish a new player in the fast-growing market for urban mobility,” said Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars. “By creating an intelligent network of joint ventures, we will be able to shape current and future urban mobility and draw maximum benefit from the opportunities opened up by digitalization, shared services and the increasing mobility needs of our customers. Further cooperations with other providers, including stakes in startups and established players, are also a possible option.”
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.
Car-sharing 2.0 offers new and innovative services ++ BMW Group remains the driving force for individual mobility of the future ++ Consistent implementation of the strategy NUMBER ONE > NEXT
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.”
New highs forecast in sales volume, revenues and earnings +++ EBIT margin of 8 - 10% targeted for Automotive segment +++ Target: slight increases in sales volume and pre-tax profit
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.”
The BMW Group’s foundations are to consolidate as the BMW Foundation Herbert Quandt +++ Foundation will develop Eberhard von Kuenheim Fund for impact investing +++ Stefan Quandt and Susanne Klatten: €30 million to support BMW Foundation Herbert Quandt +++
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
Over two million cars produced worldwide, more than one million thereof in Germany. BMW Group Plant Spartanburg number one according to volume. Substantial investment in the production network.
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 +++
- 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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