Good morning, Ladies and Gentlemen!
In new years, many has been created about how automobile manufacturers
need to change their business model. What people don’t speak about
adequate is a fact that a genuine mutation is holding place in the
automobile itself. That is where a genuine plea lies.
The automobile is a rarely formidable product. Our idea during a BMW Group is
to make it fit for a destiny for a flourishing patron bottom worldwide.
This is where we can make full use of a strengths.
On a one hand, a business sourroundings stays flighty –
dominated by domestic changes in instruction and romantic discussions.
On a other, there are a array of unequivocally fast trends that support
a business model.
Especially in this environment, we work with a transparent focus:
- What are a capabilities and how can we make a many of them to
advantage a business?
- What are a unequivocally critical decisions when it comes to mobility?
- What do a business wish and what do they unequivocally need?
These factors form a basement for a vital actions. We do not see
a plan as a one-off, all-encompassing task, though rather as an
ongoing process, that we need to constantly fine-tune and adapt.
Our vital work is formed on a transparent cunning form of a BMW
Group: Our core imagination lies in reward vehicles – optimised for the
desires of a aim organisation and their connectivity needs. Our further
expansion of a automobile represents a viable, essential business
indication – now and in a future. Everything we do starts with the
customer: This is pivotal to staying brazen of tough foe in the
And it is equally critical if we wish to attain in a shift
towards meridian neutrality, called for by politics and society. It is
also what we wish to achieve. As a company, we are an constituent partial of
society. That has been, and always will be, a vast partial of who we
are. The same relates to tolerable mobility, as to all a products,
technologies and innovations: The resolution that wins by in the
finish will be a one supposed by customers.
Today, we sell a reward vehicles in around 160 countries. This
already creates it clear, how opposite a customers’ needs are:
- This relates to business as individuals, with their specific
bland mobility needs.
- It relates some-more than ever on a informal level, in a categorical regions
of a world, Europe, Asia and a Americas.
- And, it is also increasingly loyal during a internal level, where needs
differ from one city to a next.
No reduction opposite are a authorised and technical regulations we face worldwide.
As a tellurian company, a BMW Group has already determined a own
prolongation and value origination in a vital regions worldwide. We will
now be focusing even some-more on this flourishing differentiation: in China,
a US and Europe, we are intentionally seeking discourse with local
experts to plead applicable informal mandate and needs. We will
be augmenting a efforts here – we can pattern to hear some-more about
The insights we advantage will be integrated directly into a strategic
approach. This will capacitate us to offer tailored products, drive
trains, apparatus options and services in these regions in a future.
At a same time, we are gaining a improved bargain of our
business and improving a patron centric approach.
One instance of this is China, where a business are significantly
younger. Vehicle connectivity is an critical purchasing consideration
for them. Continued clever expansion in altogether wealth is also
inspiring a marketplace for reward vehicles. we have already met with
Premier Li Keqiang twice, given holding bureau as CEO. we had the
impression: The BMW Group is rarely applicable in China, people listen
to a opinion and courtesy us as a sought-after partner.
Soon, we will also transport to a USA. Individual mobility will remain
a stable, long-term business awaiting in all regions of a world. The
reward shred is foresee to grow during a aloft rate than a total
market. Based on this, we aim to make a many of a opportunities in
a flourishing tellurian automobile market. And a idea is to outperform the
In a third entertain of 2019, a BMW Group reported expansion in its
core markets in all vital regions:
- In Asia and China, notwithstanding a indication changeover for a BMW 3
- In a Americas and a US, notwithstanding a low market.
- And in Europe, notwithstanding doubt over Brexit and in a domestic
As a result, a third-quarter deliveries rose year-on-year to over
610,000 vehicles – an boost of 3.6 percent.
In other words, we are bucking a trend. We also achieved a new
all-time high in sales in both a third entertain and a initial nine
months for BMW and Rolls-Royce. The code MINI also posted growth.
BMW Motorrad is also streamer for a ninth uninterrupted record year.
In a third quarter, it reported expansion of roughly 10 percent. At the
EICMA yesterday, we presented 3 new prolongation models for 2020.
Our financial total for a third entertain were as follows:
- Group advantage before tax: over 2.2 billion euros –
boost of 23.4 percent over a same duration of final year.
- Net profit: over 1.5 billion euros – adult 11.5 percent.
The EBIT domain in a Automotive Segment was 6.6 percent.
Despite severe conditions, we aim to grasp a aim range
of 8-10 percent in a prolonged term. That stays a underlying
goal. It is also what a collateral markets pattern – and we are
operative evenly on this.
In light of a certain expansion in a third quarter, we are
means to endorse a superintendence for a financial year 2019.
The biggest indication descent in BMW Group’s story continues. As well
as appealing models, it also includes opposite expostulate technologies
and a latest standards in connectivity. We see this as an effective
grant towards tying meridian change and shortening emissions.
If we spin to a customers: They demeanour initial and inaugural for the
automobile shred that best suits their lifestyle and mobility needs.
Then, they consider about a best drivetrain that would fit their needs
– entirely electric, or a plug-in hybrid, or an fit explosion engine.
Above all, a business always pattern a loyal BMW, regardless of the
drivetrain. We are means to offer business a indication they wish – for
instance a BMW 5 Series Sedan or a X3 – with opposite drive
technologies. This is what we call a “Power of Choice”.
For this purpose, we are conceptualizing a subsequent era of a vehicle
platforms from 2021 to be flexible, for back and front-wheel drive: We
can make several drives on one pattern and confederate them
into a plant structures. We are also means of integrating vehicles
customised for e-mobility, such as a iNEXT, during plant Dingolfing from 2021.
For a customer, there is no conspicuous disproportion per the
automobile pattern on that a automobile has been built.
We pattern e-mobility to make poignant advances from 2021 on – once
a European Union’s new CO2 standards take effect. We
sojourn strongly committed to accommodate regulatory mandate in a EU
and worldwide. We have always complied with legislation and been
well-prepared in allege to exercise any required changes. For
example, with WLTP and RDE I.
This now also relates to RDE II and a NCAP Crash Test:
- RDE II means serve tightening of a standards for
nitrogen-oxide emissions. These will ask to new automobile forms from
2020 and all new automobile registrations from 2021.
- The European NCAP Crash Test requires all automobile classes to have
a whole array of stretched assistance systems from 2022 on. These
mandate will boost serve in 2024.
Our new, fully-electric vehicles will be prepared for launch right on
time for a EU’s new CO2 standards:
- The BMW iX3 from 2020.
- The BMW i4 from 2021.
- And a new record flagship, a iNEXT, also from 2021.
The biggest marketplace for a iX3 will be China. That is given we will
furnish it there – and trade it to a rest of a world.
As we can see, we are positively benefiting from a knowledge with electro-mobility.
Our BMW i3 has been accessible given 2013. It is not usually an
e-mobility pioneer; still now it stays a loyal diversion changer and
continues to be a benchmark for a tolerable approach. Our customers
conclude this, and i3 sales are climbing from year to year:
- We have already sole some-more than 160,000 i3s altogether.
- In a year to a finish of September, sales were adult by about a
fifth compared to a same duration of 2018.
- In Oct it will substantially advantage +3.4 per cent, year on year.
And we continue to offer updates that make it even some-more attractive.
Since 2016, a BMW Group has been marketplace personality in electromobility
in Germany. Currently, a marketplace share of electrified vehicles is 21
per cent in a home market.
The initial fully-electric MINI* will also be launched before a end
of a year. This is an critical step for a code that has always
been during home in a civic environment. Customers have been watchful for
it – and a array of purebred impending business reflects this:
78,000 so far.
To step adult a gait of electro-mobility, we are also creation headway
with battery dungeon technology: Next week, a new Competence Center for
Battery Cells in Munich will start operation. There, we will pool and
lower a extensive imagination in battery dungeon technology.
For over 10 years, we have been building and examining battery
cells. We are now operative on a cells of a entrance decades.
This proceed we can change a organic opening and a costs of
a battery, to a benefit.
Already today, we furnish prototypes of battery cells. This has the
advantage that we can privately ask how a battery cells are
to be produced, per their chemical combination and design.
And, in addition, we are means to conclude in fact a associated
prolongation processes. This places us in a clever vital position.
We will afterwards have all options in hand, regardless of how a global
marketplace for cells develops.
Ladies and Gentlemen,
The BMW Group is whole-heartedly committed to a aims of a Paris
Climate Agreement – and we are holding action: Over a past 20 years,
we have lowered a CO2 emissions of a European vehicle
swift by an normal of 40 percent. There will be another slight
diminution in a CO2-fleet emissions again this year. This
places us in a improved position than a competitors.
Over a subsequent few years, we will continue to boost a volume of
electrified vehicles in a line-up. In Europe, we are following an
desirous expansion proof for a electrified vehicles:
- a entertain of a sales volume in 2021;
- a third in 2025;
- half in 2030.
Hydrogen fuel cells also sojourn an choice for us in a future: An
offer for this expostulate record should be probable by a second half
of subsequent decade – given hydrogen might be applicable as a pivotal component of
a renewable appetite system.
Over a past dual years, scarcely all a array have been newly
expelled onto a marketplace or updated as partial of a indication offensive:
from a BMW 1 Series to a 7 Series, from a X1 to a X7.
The areas we are now focusing on are: a oppulance segment, the
compress class, a X family, plug-in variety and a M models.
First, a oppulance segment: We have serve strengthened a position
with a BMW brand, due to a new 8 Series, 7 Series and all-new X7
models. The 8 Series Gran Coupé has been accessible given September. It
is a best-selling 8 Series indication and a many lush four-door
sports automobile BMW has ever built. This puts us in a clever position
to accommodate a idea of doubling a sales in a oppulance category between
2018 and 2020.
Regarding a compress class: The updated X1 has been on a market
given September, along with a new BMW 1 Series – that introduces
BMW’s new interior and extraneous pattern denunciation to a segment. For
a initial time, it is formed on a BMW front-wheel-drive architecture.
This authorised us to rise a 1 Series with even improved driving
dynamics than a predecessor. We total a front-wheel-drive
pattern with state-of-the-art framework record and
near-actuator circle trip limitation. This innovative traction control
comes from BMW i. In this way, a new 1 Series sets a benchmark for
lively and precision. Next year, a 2 Series Gran Coupé will
deliver a successful “four‑door coupé” judgment to a premium
Let’s take a demeanour during a BMW X models: One of a reasons they remain
rarely fascinating is that they are some-more fit than many comparable
models in a class. In a year to date, a X3 and X4, in
particular, posted clever growth. The X7 has also been good received
by business given a introduction in March. The X3 plug-in hybrid*
will finish a choice in December. Already subsequent year, we will also
be presenting a battery-electric X3.
By a finish of a year, we will have 12 entirely electric and plug-in
hybrid models on a roads. Customers enterprise a plug-in hybrids
given they can use them as their usually vehicle. They don’t have to
worry about operation and can get to know e-mobility in bland driving
situations. People are a lot reduction wavering about shopping a plug-in
hybrid than a fully-electric vehicle. These cars also have excellent
fuel economy: The BMW 3 Series Plug-in-Hybrid* has an normal petrol
expenditure of 1.6 to 1.8 litres. The BMW Group also conducted a full
lifecycle CO2 acceptance for a new BMW 330e Sedan* –
from tender element procurement, by a supply chain, production
and use phase, all a proceed to recycling. The plug-in hybrid has an
advantage of about 60 percent over a petrol chronicle if charged with
“green energy”. Even if it is charged during a use proviso with the
normal European electricity mix, a advantage is still over 20
percent. The 3 Series Touring* will also be accessible as a plug-in
hybrid various subsequent year.
BMW M GmbH is some-more diversified than ever. With a new X3 M*, X4 M*,
and M8 models, a portfolio has been significantly expanded. All new
models are now also accessible from marketplace launch as Competition
models. In early October, we presented a new X5 M* and X6 M*. Our M
GmbH is once again headed for another unequivocally successful year.
Ladies and Gentlemen,
The automobile will continue to play an critical purpose in a lives and our
society, given it stays applicable to so many people – generally in
suburban and farming areas. We continue to strongly deposit in the
mutation of particular mobility. At a same time, as a
obliged company, we have to safeguard a change is right between
losses and gains.
The mobility services in a Joint Venture with Daimler, YOUR NOW are
being well-received. More than 83 million business use a services.
The array of exchange augmenting to some-more than 420 million in September.
Digitalization adds to a augmenting complexity of marketplace and
product demands. And reflects that a attention is apropos some-more and
some-more challenging. For many, this plea represents a problem. We,
on a other hand, perspective this as a genuine opportunity.
Anyone who wants to be successful in a prolonged run contingency master this
flourishing complexity, and during a same time, be profitable. This is no
easy task, as some new players are already experiencing.
And we trust a loyal strengths of a BMW Group have mostly been
under-estimated in new years. Today, we are already a global
Thanks to a imagination of tens of thousands of a well-qualified
employees, operative together in awake routine bondage and with our
suppliers – each automobile we build contains a square of rarely advanced
record that advantages a customers. For them, we will continue to
take a automobile to a subsequent spin and make it destiny fit – given we
have a technological and financial intensity to do so.
We also have a required formation expertise. It is in a very
DNA to conduct complexity – and mix potency with flexibility. We
will continue to strap a inclusive technological change to
raise a business model. For us, a proceed brazen is to drive
That will sojourn a focus, also in a future, and a customers
will advantage from this vital approach. We see this as a purpose for
a destiny of particular mobility in a society, and we are holding on