BMW Canada

Statement Harald Krüger, Chairman of a Board of Management of BMW AG, Conference Call Interim Report to 30 Sep 2017

Good morning, Ladies and Gentlemen!


Our priority is a long-term perspective. For this reason, we are
investing almost in all applicable destiny areas of mobility. At
a same time, we are progressing a change between a key
indicators: sales growth, profitability and investment.


We showed a instruction we are holding a association during this year’s
Motor Show in Frankfurt: To turn a record association for premium
mobility and services. Our stream concentration is on e-mobility and
unconstrained driving.


In both of these areas, we are concentrating and expanding expertise
during a home bottom in Germany. From here, we will expostulate the
mutation of a attention with a innovations. All a actions
for a destiny are built on a clever substructure of sustained
profitability. That is what differentiates us from new and established
competitors in a automotive sector. In a formidable environment, we
continue to draft a possess course.


Ladies and Gentlemen,


There are dual topics we would like to concentration on today:


  1. Our business growth for a stream year.
  2. Our swell in implementing Strategy NUMBER ONE NEXT.


Let’s start with a performance.


What did we grasp in a duration between Jan and Sep 2017?


  • Group pre-tax gain climbed to scarcely 8.5 billion euros.
  • For a 30th uninterrupted quarter, a EBIT domain in
    a Automotive Segment stays within a aim operation of 8 to 10
    per cent.
  • At Group level, a EBT domain for a year to a finish of
    Sep stood during 11.7 per cent.


These sum uncover that: Our products and services are in strong
demand. More than 1.8 million business bought a BMW Group car in
a year to a finish of September. Our BMW, MINI and BMW Motorrad
brands any reported new all-time nine-month highs:

  • BMW: some-more than 1.5 million vehicles.
  • MINI: some-more than 270,000 vehicles.
  • BMW Motorrad: some-more than 127,000 motorcycles and maxi-scooters.
  • Rolls-Royce sole 2,343 cars and, therefore, did not compare last
    year’s level. As we know, a Phantom did not have full
    accessibility this year.


At a Annual Press Conference in March, we announced a biggest
indication descent in a history: 40 new and revised BMW, MINI and
Rolls-Royce models this year and next. We are delivering on this!


For a BMW brand, we are renewing and expanding a highly
successful X family.


  • The third era of a BMW X3 will be accessible as of
    mid-November. For a initial time, we will be charity an M
    Performance version. From open of subsequent year, a X3 will also be
    constructed in South Africa and, from summer 2018, in China. China is
    by distant a many critical marketplace for this model, alongside a US.
  • The BMW X2 will follow in 2018. Its new and particular demeanour breaks
    a mould. This indication is not only new; a X2 is also opposite –
    and it is impossibly cool. We are certain that it will interest to immature trendsetters.
  • At a finish of 2018 a BMW X7 will go into production. We
    presented a judgment car during a IAA. This car will
    strengthen a charity in a oppulance class. With a vast surfaces
    and pointy lines, it also provides a glance of a destiny design.


We have sole a sum of some-more than 5.4 million X models given 1999. X
models now comment for some-more than a third of BMW sales. We will
continue this success story with a new and additional X models.


From November, a BMW M5 will finish a new BMW 5 Series range.
BMW’s fastest series-production indication offers all a advantages of a
business sedan. With particular vehicles like a new BMW 6 Series
Gran Turismo, we will also occupy critical niche markets and win over
new patron groups. This indication will also be launched this month. The
new Z4 Concept has been really good perceived by a media. We will be
presenting a series-production indication subsequent year.


We highlighted a full operation of a MINI code during a Frankfurt
Motor Show. From a sportiest MINI of all time, a John Cooper Works
GP Concept, to a MINI Electric Concept. As an civic brand, MINI has
always been unfailing for e-mobility. This is demonstrated by a first
MINI plug-in hybrid. We have sole some-more than 2,700 electrified
Countryman cars given June.


At Rolls-Royce, smoothness of a new Phantom will start in January
2018. We already have a vast series of pre-orders. The eighth
era of a Phantom is a apex of luxury. Every fact can
be customised to a owner’s particular taste.


At BMW Motorrad, a new K 1600 B and new G 310 GS are now available,
following a call of new models in spring. Our indication descent with
all brands is partial of a Strategy NUMBER ONE NEXT.


That brings me to my second point: Our swell in implementing


In e-mobility, we are concentrating on 3 categorical areas:


  1. Electrification of a line-up.
  2. Expansion of charging infrastructure.
  3. Enabling a prolongation network.


With electrification, we are already ramping adult proviso two:


  • Right now, there are some-more than 180,000 electrified BMW Group
    vehicles on roads all over a world.
  • At a finish of October, we was during Plant Leipzig to applaud the
    prolongation of 100,000 BMW i3 cars.
  • In a year to a finish of September, we sole a sum of some-more than
    68,600 electrified vehicles. This was some-more than in a whole of 2016
    and reflects an boost of over 64 per cent.
  • This means we are on lane to accommodate a idea of offered 100,000
    vehicles with electrified expostulate trains this year.
  • BMW stays a transparent series one in plug-in variety in a premium
    segment. The new BMW 5 Series iPerformance is generally popular. In
    some markets, it accounts for a third of BMW 5 Series Sedan sales.
  • We will offer 25 electrified models in 2025; 12 of them pristine electric.


Our BMW i family will turn even improved with a introduction of
appealing new models:

  • We have combined another various for a i3 – a sporty BMW i3s.
  • This will be followed by a romantic BMW i8 Roadster as a
    plug-in hybrid in 2018.
  • Our BMW i Vision Dynamics will take e-mobility to a new dimension,
    with a operation of adult to 600 kilometres. The media has been very
    certain about this four-door Gran Coupé.


To capacitate a wide-scale rollout of e-mobility, we are operative to
raise charging infrastructure:


  • We have shaped a corner try with other manufacturers to create
    a rapid-charging infrastructure opposite Europe.
  • ChargeNow is now a world’s largest open charging
    service. By a finish of 2017, business will have entrance to some-more than
    130,000 charging points.


The technological change towards tolerable mobility is not
move during a same gait and with a same energy in all regions
of a world. That is because we are also aligning a tellurian production
network to this development. We are formulating stretchable architectures
and regulating modular construction kits. This will give us a flexibility
to build electric expostulate trains, plug-in variety and efficient
explosion engines during a plants, formed on demand, from 2020.


Germany plays a pivotal purpose for us as a production plcae for e-mobility:


  • The BMW i Vision Dynamics will be built during a Munich plant.
  • Our new record flagship, a BMW iNEXT, will be manufactured
    in Dingolfing.


Our second vital concentration topic, in serve to electrification, is
unconstrained driving. We are also creation fast swell in this area:


  • At a campus in Unterschleißheim, nearby Munich, a initial 500
    employees are already operative together with colleagues from Intel
    and Mobileye.
  • Other clever partners – Fiat Chrysler Automobiles, Delphi,
    Continental and Magna – are assisting raise a open height for
    unconstrained driving.


Leaps in record direct suitable structures – and, not least, a
destiny mindset among all employees.


  • With a enlargement of a FIZ Research and Innovation Centre in
    Munich, we will have an innovative operative sourroundings for 5,000
    employees by 2019.
  • We recently launched a new plan “FIZ Future”, that will
    emanate totally new operative environments there by 2050. We are
    already regulating new work methods – such as SCRUM or gaunt development
    in growth and business IT – to support a mutation into
    a high-tech association and boost a profitability.


Ladies and Gentlemen,


After a initial 9 months of a stream financial year, we are
assured of assembly a targets for 2017. We are targeting new
all-time highs for deliveries and Group gain before tax. In the
Automotive Segment, a EBIT domain should sojourn within a aim range.


However, it is also transparent that a business sourroundings is still
marked, to a vast extent, by sensitivity and uncertainty. In all
markets, there is extreme foe for each patron and every
leasing contract. And on a domestic side, there are many unknowns:
The outcome of a Brexit negotiations between a European Union and
a UK; serve developments in a Middle East – only to name a few.


And from a new German government, we would acquire open and
constructive discussions per critical destiny topics. It is in
all a interests to capacitate Germany to colonize new technologies.


In articulate to analysts and investors during a Frankfurt Motor Show, we
perceived a lot of certain feedback on Strategy NUMBER ONE NEXT
and a indication offensive. People recognize that we are rebellious the
applicable hurdles and entrance adult with viable solutions. The cost of
BMW common batch has reflected this over a past few weeks.


I resolutely trust that: The BMW Group will not only be partial of the
industry’s transformation. We will lead it. That is a expectancy we
have set ourselves. That is because we have increasing a gait with
e-mobility and unconstrained driving.


And we will continue to take a global, long-term view. We remain
committed to giveaway and satisfactory tellurian trade: It guarantees wealth and
progress. No one should blink a capabilities of a company,
nor a joining to a subsequent proviso of a automobile industry’s
development. We sojourn profitable. We are rarely flexible. We are
holding advantage of all opportunities. We are heading a approach in new technologies.


This is how we are formulating a future. Thank you!



Consumption and Emission Data.


  • BMW X3 M40i: fuel expenditure combined: 8,4 – 8,2 l/100 km; CO2
    emissions combined: 193 – 188 g/km
  • BMW M5: fuel expenditure combined: 9,9 l/100km; CO2 emissions
    combined: 231 g/km
  • BMW i3s: electric energy expenditure combined: 14,3 kWh; CO2
    emissions combined: 0 g/km
  • MINI Cooper S E Countryman ALL4: fuel expenditure combined: 2,3 –
    2,1 l/100 km; CO2 emissions combined: 52 – 49 g/km; Electric power
    expenditure combined: 14,0 – 13,2 kWh/100 km
  • Rolls-Royce Phantom: fuel expenditure combined: 13,9 l/100km; CO2
    emissions combined: 318 g/km



Fuel expenditure sum formed on a EU exam cycle, might vary
depending on a tyre format specified.


Further information on central fuel expenditure figures, specific
CO2 glimmer values and a electric energy expenditure of new
newcomer cars is enclosed in a guideline “Guideline for fuel
consumption, CO2 emissions and electric energy expenditure of new
newcomer cars”, that can be performed from all dealerships, from
Deutsche Automobil Treuhand GmbH (DAT), Hellmuth-Hirth-Str. 1, 73760
Ostfildern-Scharnhausen and during