Statement by Harald Krüger, Chairman of a Board of Management of BMW AG, Conference Call Interim Report to 31 Mar 2018

Posted on 04. May, 2018 by in BMW Canada

Good morning, Ladies and Gentlemen!


The initial entertain of 2018 continued to build on a successful 2017
financial year. And a BMW Group stays a world’s many profitable
automobile association in a world. This underscores a core philosophy: We
continue to draft a possess march – even in a flighty environment. Our
Strategy NUMBER ONE NEXT provides a transparent instruction for shaping
destiny mobility.


We have once again set a bar even aloft with a goals for the
stream financial year. We are targeting:

•      a slight boost in automotive deliveries and a new all-time high.

•      Group gain before taxation during a same high turn as final year, and

•      an EBIT domain in a Automotive Segment within a target
operation of  8 to 10 percent.


After a initial 3 months, we are right on track:

•      For a initial time, we delivered some-more than 600,000 vehicles in
a initial quarter.

•      Our BMW, MINI and BMW Motorrad brands all achieved new
first-quarter sales highs.

•      We done gains in all vital marketplace regions: Asia, including
China; Europe, including Germany; and a Americas, including a US.

•      Our EBIT domain in a Automotive Segment is during a high end
of a aim range, during 9.7 percent.


At a same time – and we trust this is essential – we are continuing
to deposit in a future. We are rebellious several pivotal areas during a same time.


1.     We will continue to enhance a foundation of a portfolio.

2.     We will be rising several new models.

3.     We are accelerating a unconstrained pushing activities.


First, a few difference about electrification:


I have mostly pronounced that: The e-mobility expansion bend is exponential.
This is reliable by a sales total for a initial entertain of 2018
compared with a initial 3 months of final year:


•      Between Jan and March, we sole over a third more
electrified vehicles.

•      Sales of a BMW iPerformance plug-in variety are adult some-more than 40 percent.

•      Our MINI Countryman with plug-in-hybrid expostulate sight is also in
clever demand.

•      In a US, direct for BMW i, BMW iPerformance and MINI
Electric vehicles increasing by an considerable 78 percent during this period.


I have settled a idea for a full year really clearly: We aim to sell
during slightest 140,000 electrified vehicles this year. Our new models will
assistance us grasp this: we am talking, of course, about a BMW i8
Roadster and a revised BMW i8 Coupé, that will be launched in May.
Both come with a fourth era of a BMW eDrive record for
plug-in hybrids. This enhances significantly their electric range. You
already know that we devise to offer 25 electrified models by 2025 – 12
of them pristine electric.


You can already see what lies ahead, this year. We will be presenting
3 all-electric judgment vehicles:


•      Our new record flagship, a BMW iNEXT.

•      The BMW i4 as a four-door coupé, and

•      a initial fully-electric car of a core code will be the
BMW iX3, which I presented in China this April.


All these vehicles will go into array prolongation over a subsequent few
years. The BMW iNEXT combines a pivotal technologies for future
mobility. Its innovative pattern brings these technologies to life. It
serves as a modular pack and an innovative enabler for all a future
vehicles within a Group. We are building a iNEXT and i4 here in
Germany – in Dingolfing and Munich, respectively. On a one hand, we
are clearly strengthening germane technologies for destiny mobility at
a home bottom in Germany.


On a other, we a focusing on China as it is a world’s biggest
marketplace and a genuine pushing force in e-mobility. Through this, we are
promulgation a clever vigilance for tolerable mobility in China: From 2020,
we will be producing a initial fully-electric BMW – a iX3 – in
Shenyang, that will be a start of regulating pristine electric drivetrains
within a core brand. The iX3 will be a initial to use our
fifth-generation electric drivetrains. Our business in China already
have 6 electrified models to select from. And they also have access
to a world’s largest network of open charging points. By a end
of this year alone, there will be 80,000 ChargeNow charging points in
some-more than 100 cities.


We also devise to build pristine electric MINI vehicles in China in the
future. For this reason, we have sealed a minute of vigilant with Great
Wall Motor to emanate a second corner try in China. And we will
continue to work successfully with a joint-venture partner, BBA,
that is now in a 15th year.


Now, we will be adding another internal indication – a new BMW X3. Starting
in a summer, this indication will also be constructed in China, as good as
in Spartanburg, in a US, and Rosslyn, South Africa, to meet
worldwide high demand.

The X3 brings a series of BMW models constructed in China to six. With
a internal partners, a long-term concentration is on formulating a win-win
conditions for everyone.


China has signalled skeleton to discharge tariffs and to open a auto
marketplace further. Global meditative and tellurian behaving are what have made
a BMW Group successful. Our business proceed has always been based
on: giveaway trade and open markets. Customs duties and trade barriers
usually order a universe into regions and are not gainful towards
tellurian wealth and worldwide mercantile development. That is because we
will continue to disciple for etiquette duties to be dismantled.


Let’s pierce on to my second point: New models.


We are now in Phase II of a indication descent – where a concentration is on
oppulance and a X family. We acquire high margins in this segment. Our
descent will accept a vital boost over a entrance months from:


•      The new BMW X2.

•      The new X4.

•      The BMW 8 Series Coupé – that launches a 8 Series range,
with a total of 6 models.

•      Model updates to a 3 and 5 doorway MINIs and a MINI
Convertible, and

•      The new Rolls-Royce Phantom.


EarIier this year we done it a indicate to accommodate with a dealers in the
US and China. We showed them a new models for a entrance months. The
dealers in both countries were intensely gratified and could frequency wait
to have these new models in their showrooms. These new models offer
expansion opportunities for a dealers and for a company. For us, new
products and new technologies go palm in hand.

And that brings me to my third point: Autonomous driving.


In April, we strictly non-stop a Autonomous Driving Campus, outside
Munich. We intend to play a heading purpose in unconstrained driving. And
reserve stays a comprehensive priority for us in this technological
advancement. Our iNEXT, that we will launch in 2021, will be fully
electric and totally connected. It will not usually be partially
autonomous, though also totally safe. The iNEXT will be followed by a
whole operation of additional highly-automated models. For this reason, we
are mixing all a imagination in car connectivity and automated
pushing during a new campus. We will also be introducing new forms of
partnership in a rarely stretchable operative environment, designed for
discerning decision-making.


Our new campus is serve explanation that: The patron is during a center
of all that we do. To build a bottom of 100 million active business by
2025, we will need a finish ecosystem that provides an all-round
use to perform all a customers’ final and needs. To strengthen
a mobility services, we are mixing a activities in this area
with those of Daimler AG. The designed corner try will mix both
on-demand mobility offerings on an equal footing. Together, we will
conclude a expansion of services and digitalisation in a industry.
We wish to take a customers’ knowledge of reward mobility beyond
a vehicle.


Ladies and Gentlemen, as we can see: We take a transparent holistic
proceed towards bringing destiny mobility into a lives of our
customers. And we sojourn assured that a BMW Group will be in the
forefront of these destiny advancements within a attention and beyond.
This is a summary we will share with a shareholders during a Annual
General Meeting in a fortnight, and that 2018 is set to turn another
record year – a ninth in a quarrel to be exact.


Thank you.



Consumption and Emission Data.


BMW i8 Coupé:

Fuel expenditure in l/100 km (combined): 1.8

CO2 emissions in g/km (combined): 42

Power expenditure in kWh/100 km (combined): 14.0


BMW i8 Roadster:

Fuel expenditure in l/100 km (combined): 2.0

CO2 emissions in g/km (combined): 46

Power expenditure in kWh/100 km (combined): 14.5



Fuel expenditure in l/100 km (combined): 6.2-4.5

CO2 emissions in g/km (combined): 142-119



Fuel expenditure in l/100 km (combined): 8.4-5.0

CO2 emissions in g/km (combined): 193–132



Fuel consumptions in l/100 km (combined): 9.0-5.4

CO2 emissions in g/km (combined): 209-142


MINI 3 door:

Fuel expenditure in l/100 km (combined): 6.0-4.8

CO2 emissions in g/km (combined): 138-109


MINI 5 door:

Fuel expenditure in l/100 km (combined): 6.2-4.8

CO2 emissions in g/km (combined): 141-110

MINI Convertible:

Fuel expenditure in l/100 km (combined): 6.3-5.2

CO2 emissions in g/km (combined): 144-118


MINI Cooper S E Countryman ALL4:

Fuel expenditure in l/100 km (combined): 2.3-2.1

CO2 emissions in g/km (combined): 52-49

Power expenditure in kWh/100 km (combined): 14.0-13.2


Rolls-Royce Phantom:

Fuel expenditure in l/100 km (combined): 13.9

CO2 emissions in g/km (combined): 318-319



The fuel consumption, CO2 emissions, energy expenditure and operating
operation total were dynamic according to a European Regulation
(EC) 715/2007 in a chronicle applicable. The total impute to a
car with simple pattern in Germany and a operation shown
considers a opposite sizes of a comparison wheels/tyres and the
comparison apparatus of discretionary equipment.


Further information on central fuel expenditure total and specific
CO2 glimmer values of new newcomer cars is enclosed in a following
guideline: ‘Leitfaden über basement Kraftstoffverbrauch, die CO2-Emissionen
und basement Stromverbrauch neuer Personenkraftwagen’ (Guideline for fuel
consumption, CO2 emissions and electric energy expenditure of new
newcomer cars), that can be performed giveaway of assign from all
dealerships and during

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