Good morning, Ladies and Gentlemen!
Our priority is the long-term perspective. For this reason, we are investing substantially in all relevant future areas of mobility. At the same time, we are maintaining a balance between the key indicators: sales growth, profitability and investment.
We showed the direction we are taking the company at this year’s Motor Show in Frankfurt: To become a technology company for premium mobility and services. Our current focus is on e-mobility and autonomous driving.
In both of these areas, we are concentrating and expanding expertise at our home base in Germany. From here, we will drive the transformation of our industry with our innovations. All our actions for the future are built on a strong foundation of sustained profitability. That is what differentiates us from new and established competitors in the automotive sector. In a complex environment, we continue to chart our own course.
Ladies and Gentlemen,
There are two topics I would like to focus on today:
Let’s start with our performance.
What did we achieve in the period between January and September 2017?
These figures show that: Our products and services are in strong demand. More than 1.8 million customers bought a BMW Group vehicle in the year to the end of September. Our BMW, MINI and BMW Motorrad brands each reported new all-time nine-month highs:
At the Annual Press Conference in March, I announced the biggest model offensive in our history: 40 new and revised BMW, MINI and Rolls-Royce models this year and next. We are delivering on this!
For the BMW brand, we are renewing and expanding our highly successful X family.
We have sold a total of more than 5.4 million X models since 1999. X models currently account for more than a third of BMW sales. We will continue this success story with our new and additional X models.
From November, the BMW M5 will complete the new BMW 5 Series range. BMW’s fastest series-production model offers all the benefits of a business sedan. With individual vehicles like the new BMW 6 Series Gran Turismo, we will also occupy important niche markets and win over new customer groups. This model will also be launched this month. The new Z4 Concept has been very well received by the media. We will be presenting the series-production model next year.
We highlighted the full range of the MINI brand at the Frankfurt Motor Show. From the sportiest MINI of all time, the John Cooper Works GP Concept, to the MINI Electric Concept. As an urban brand, MINI has always been destined for e-mobility. This is demonstrated by the first MINI plug-in hybrid. We have sold more than 2,700 electrified Countryman cars since June.
At Rolls-Royce, delivery of the new Phantom will begin in January 2018. We already have a large number of pre-orders. The eighth generation of the Phantom is the pinnacle of luxury. Every detail can be customised to the owner’s individual taste.
At BMW Motorrad, the new K 1600 B and new G 310 GS are now available, following the wave of new models in spring. Our model offensive with all brands is part of our Strategy NUMBER ONE > NEXT.
That brings me to my second point: Our progress in implementing Strategy NUMBER ONE > NEXT.
In e-mobility, we are concentrating on three main areas:
With electrification, we are already ramping up phase two:
Our BMW i family will become even better with the introduction of attractive new models:
To enable the wide-scale rollout of e-mobility, we are working to expand charging infrastructure:
The technological shift towards sustainable mobility is not proceeding at the same pace and with the same intensity in all regions of the world. That is why we are also aligning our global production network to this development. We are creating flexible architectures and using modular construction kits. This will give us the flexibility to build electric drive trains, plug-in hybrids and efficient combustion engines at our plants, based on demand, from 2020.
Germany plays a key role for us as a manufacturing location for e-mobility:
Our second major focus topic, in addition to electrification, is autonomous driving. We are also making rapid progress in this area:
Leaps in technology demand appropriate structures – and, not least, a future mindset among all employees.
Ladies and Gentlemen,
After the first nine months of the current financial year, we are confident of meeting our targets for 2017. We are targeting new all-time highs for deliveries and Group earnings before tax. In the Automotive Segment, the EBIT margin should remain within our target range.
However, it is also clear that the business environment is still marked, to a large extent, by volatility and uncertainty. In all markets, there is fierce competition for every customer and every leasing contract. And on the political side, there are many unknowns: The outcome of the Brexit negotiations between the European Union and the UK; further developments in the Middle East – just to name a few.
And from the new German government, we would welcome open and constructive discussions regarding important future topics. It is in all our interests to enable Germany to pioneer new technologies.
In talking to analysts and investors at the Frankfurt Motor Show, we received a lot of positive feedback on Strategy NUMBER ONE > NEXT and our model offensive. People recognise that we are tackling the relevant challenges and coming up with viable solutions. The price of BMW common stock has reflected this over the past few weeks.
I firmly believe that: The BMW Group will not just be part of the industry’s transformation. We will lead it. That is the expectation we have set ourselves. That is why we have increased the pace with e-mobility and autonomous driving.
And we will continue to take a global, long-term view. We remain committed to free and fair global trade: It guarantees prosperity and progress. No one should underestimate the capabilities of our company, nor our commitment to the next phase of the auto industry’s development. We remain profitable. We are highly flexible. We are taking advantage of all opportunities. We are leading the way in new technologies.
This is how we are creating the future. Thank you!
Consumption and Emission Data.
Fuel consumption figures based on the EU test cycle, may vary depending on the tyre format specified.
Further information on official fuel consumption figures, specific CO2 emission values and the electric power consumption of new passenger cars is included in the guideline “Guideline for fuel consumption, CO2 emissions and electric power consumption of new passenger cars”, which can be obtained from all dealerships, from Deutsche Automobil Treuhand GmbH (DAT), Hellmuth-Hirth-Str. 1, 73760 Ostfildern-Scharnhausen and at http://www.dat.de.