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.
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.”
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.
Balanced Sales Distribution. Sales growth in all major regions.
BMW Group Automobiles Q1-2018.
MINI brand: 86,375
Rolls-Royce brand: 807
AUTOMOTIVE DELIVERIES BMW GROUP.
BMW, MINI & ROLLS-ROYCE.
Global Growth 3.0% as of March 31, 2018.
SALES VOLUME OF AUTOMOBILES Q1-2018.
CO2 EMISSIONS OF BMW GROUP AUTOMOBILES (EU-28).
EBIT MARGIN AUTOMOTIVE SEGMENT.
BMW GROUP TARGET 8-10%
EBIT automotive segment 7,695 mn. €
EBIT automotive segment 7,863 mn. €
EBIT automotive segment 1,881 mn. €
CAPITAL EXPENDITURE RATIO.
BMW GROUP TARGET <5%
Capital expenditure* 3,731 mn. €
Capital expenditure* 4,688 mn. €
Capital expenditure* 734 mn. €
RESEARCH & DEVELOPMENT RATIO (HGB).
BMW GROUP TARGET 5-5.5%
Research and development expenditure (HGB) 5,164 mn. €
Research and development expenditure (HGB) 6,108 mn. €
Research and development expenditure (HGB) 1,272 mn. €
DIVIDEND FOR THE FINANCIAL YEARS 2014 – 2017.
(PER ORDINARY STOCK IN €)
OUTLOOK FOR THE BMW GROUP IN 2018.
The BMW Group.
- Profit before tax: at previous year's level.
- (If approved by the relevant authorities in the course of this year, the formation of the joint venture between BMW Group and Daimler AG to combine mobility services will trigger a one-time valuation and earnings effect in BMW AG’s group financial statement and thus lead to an adjustment of the company’s guidance: Under these circumstances, pre-tax earnings on Group level would increase slightly in 2018 compared with the previous year.)