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.
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.
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.
Balanced Sales Distribution. Sales growth in all major regions.
BMW Group Automobiles 1st Half of 2018.
MINI brand: 181,430
Rolls-Royce brand: 1,781
AUTOMOTIVE DELIVERIES BMW GROUP.
BMW, MINI & ROLLS-ROYCE.
Global Growth 1.8% as of 30 June 2018.
SALES VOLUME OF AUTOMOBILES Q1st Half of 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 3,800 mn. €
CAPITAL EXPENDITURE RATIO.
BMW GROUP TARGET <5%
Capital expenditure* 3,731 mn. €
Capital expenditure* 4,688 mn. €
Capital expenditure* 1,580 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) 2,756 mn. €