Tag Archives: Group

BMW

Change in management at MINI model

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Munich. The BMW Group has introduced a change in personnel on the helm of the MINI model. Effective 1 August 2024, Stefan Richmann will take over administration of MINI from Stefanie Wurst, who has held this place since 1 February 2022. 

In current years, Stefanie Wurst has strategically efficiently targeted the British premium model MINI on new markets and goal teams, and particularly on electrical mobility and digitalization. She has additionally developed the worldwide MINI gross sales organisation right into a sustainable and customer-focused gross sales mannequin and has performed a decisive position within the phased introduction of MINI direct gross sales in China and Europe.

Wurst constructed on the MINI model’s sturdy heritage, whereas on the similar time realigning it for the longer term. With the rollout of the New MINI Family, the model is at present at a excessive level in its 65-year historical past. Three fashions with sturdy characters, the MINI Cooper*, MINI Aceman* and MINI Countryman*, embody the digitalisation of services and products, electrification of the model and MINI’s signature go-kart feeling.

Jochen Goller, member of the Board of Management of BMW AG answerable for Customer, Brands, Sales: “We would like to thank Stefanie Wurst for her great personal commitment and her valuable contribution to MINI’s future direction. With Stefan Richmann, a senior executive of the BMW Group with many years of experience in Germany and abroad, will take over the management of the MINI brand from August.”

Richmann started his profession on the BMW Group in 1997. Since then, he has held quite a few managerial positions inside the firm. In 2000, he moved to Corporate Strategic Planning and, in 2004, was appointed head of Sales Controlling. From 2008, Richmann was answerable for the funds of BMW Spain as CFO. He returned to Munich on the finish of 2010, the place he fulfilled a number of additional administration roles within the Finance and Controlling division and Product Management at BMW Group headquarters. From 2017, Richmann served as CFO within the US. In April 2022, he took over as head of the Corporate Strategy division. 

BMW Group Corporate Communications

Andreas Lampka, head of MINI Communications

Telephone: +49 89 382-23662

Email: andreas.lampka@MINI.com

Eckhard Wannieck, head of Communications BMW Group, Finance, Sales

Telephone: +49 89 382-24544

Email: eckhard.wannieck@bmwgroup.com

Media web site: www.press.bmwgroup.com/deutschland

Email: presse@bmwgroup.com

 

BMW

When the world comes collectively

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Munich/Leipzig. When the group at BMW Group Plant Leipzig choose up their instruments on a Monday morning, the entire world comes collectively: about 70 nationalities collaborate right here. The group come not simply from Germany but in addition from locations like Syria, Poland, Spain, Egypt and Eritrea. “We all work together really well, it’s enriching and founded on acceptance and mutual respect,” defined Plant Director Petra Peterhänsel. Cultural variety is the order of the day, not simply right here however throughout the BMW Group – and has been for a really very long time.

As the group expands, Plant Leipzig is getting much more vibrant and various. Cultural variety is essential to creating the BMW Group electrical, digital and round, and specialists from all fields and throughout the globe are wanted to make sure safe provides of labour and assist align the BMW Group as carefully as doable with the needs and wishes of its stakeholders in a worldwide world that’s all the time on the transfer.

Plant Leipzig exemplifies the BMW Group’s elementary perception that cultural variety is welcome, important to its success and enhances the corporate’s attractiveness as an employer. It additionally units the BMW Group aside, with some 150,000 staff worldwide from greater than 110 totally different international locations all doing their half for our shared success.

BMW Group to take energetic half in German Diversity Day

On World Day for Cultural Diversity on 21 May and German Diversity Day – established by the Diversity Charter and happening on 28 May – the BMW Group will probably be seizing the chance to do extra to advertise and strengthen cultural variety inside its personal ranks by means of quite a few in-house actions.

But these are simply two of assorted marketing campaign days every year on which the BMW Group devotes its consideration to variety, equal alternatives and inclusion.

Plant Leipzig: the cultural combine is a problem – however a chance as nicely

When Abdelrahman Salem adopted his German girlfriend – now his spouse – from Egypt to Germany, he arrived right here talking hardly a phrase of the language. At the age of 30, the pilot discovered himself having to determine a brand new skilled focus. An alternative arose on the BMW Group: he handed his entrance examination, realized German with the assistance of the corporate and was in a position to begin coaching as a manufacturing mechanic. Today he’s a specialist in battery module manufacturing, and in April of this 12 months he was awarded German citizenship. “In terms of integration, both personally and professionally, language was key,” stated Salem trying again. He can be eager to share his optimistic experiences with others: whereas present process coaching himself, he already began supporting different colleagues coming in from different international locations by exhibiting them the ropes and translating technical documentation for them.

Abdelrahman Salem is a part of a multicultural group at Plant Leipzig, the place the share of staff from different international locations has grown considerably over the past ten years. In 2017 they got here from 44 totally different nations, rising to over 70 by 2023.

For somebody like Salem to progress as he has, energetic integration is essential. “The mix of cultures is a new challenge because not all our new colleagues speak the same language as we do. That’s why we offer German courses and intercultural training to help people get along with each other, so we can all grow together,” stated Plant Director Petra Peterhänsel.

Practising a ‘welcome culture’ 

At BMW Group crops in Germany, integration is actively promoted. Departments present the fundamentals of their specialist information in several languages in addition to pictograms, and to assist staff enhance their language expertise, the BMW Group covers the price of the private contribution they should pay for language programs by the Office for Migration and Refugees. As a part of its ‘welcome culture’ the BMW Group additionally works laborious to point out newcomers the ropes of their new jobs. And the trouble is paying off: workers turnover is low and new colleagues are sending a optimistic message to the surface world. An necessary function in all of this falls to managers: as function fashions, they’ll affect the environment within the group – which can be the explanation managers in manufacturing endure intercultural coaching, for instance.

No place for discrimination 

At the BMW Group, variety is about extra than simply cultures: it additionally covers intercourse, age and expertise, bodily and psychological talents, and sexual orientation and gender id. With ample understanding and acceptance of others and a way for similarities and variations, collectively these dimensions of variety grow to be a energy. To keep away from prejudice and discrimination, all staff endure necessary coaching on equal remedy and the way respectful collaboration can succeed. The course is at the moment being rolled out worldwide.

Young expertise growth: Wanted! International views

So that younger skills acquire early expertise of intercultural collaboration, the BMW Group encourages worldwide secondments. Trainees and trainee apprentices, for instance, can spend time overseas by way of the worldwide MOVE programme and work elsewhere within the manufacturing community, for instance within the UK, the US, South Africa, China or Mexico. The worldwide alternate scheme for graduates is the worldwide AcceleratiON programme. Both of those initiatives intention to assist younger folks broaden their horizons, join and expertise totally different views.   

BMW

ESMT Berlin and BMW Group enter third yr of Change Maker Fellowships with a give attention to digitalization.

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The BMW Group Change Maker Fellowship builds on the long-term partnership between ESMT and the BMW Group. After supporting displaced girls from Ukraine and younger professionals from Central and Eastern Europe, the 2024 version will give attention to digitalization to domesticate tech-savvy future leaders in key international locations.

“We at the BMW Group are deeply committed to making positive changes in the world. We also recognize that a multilateral and decentralized approach must be taken to achieve this goal. Therefore, I am very delighted that we are partnering again with ESMT to support young professionals. It is our common goal to help them become the leaders we need to shape future individual mobility”, says Ilka Horstmeier, Member of the Board of Management of BMW AG, People and Real Estate, and Labour Relations Director.

“The integration of technical and business knowledge is crucial to develop leaders capable of addressing the complex challenges of the future, thereby making a significant positive impact on their organizations and society,” provides Jörg Rocholl, President of ESMT. “I am delighted to continue our partnership with BMW Group. With their support, we are able to cultivate the next generation of change makers and innovators.”

The ESMT Global Online MBA is the primary fully on-line program on the worldwide enterprise college. Decision-making, analytics, and innovation are on the core of this system. The revolutionary course design is modular and permits college students to check at occasions that match their schedules and at their very own tempo. Students could full this system in 24 months or take as much as 5 years. There is not any bodily attendance required, so college students could take part from any location.

BMW Group Change Maker Fellowship software necessities embrace:

  • ESMT Global Online MBA general application requirements
  • Hold an undergraduate diploma, or present employment, in arithmetic and/or know-how (e.g., computing, info know-how, automation, digitalization)
  • Be aged 30 or youthful on September 1, 2024
  • Be a citizen or everlasting resident of Germany, India, Portugal, Romania, or South Africa; these holding refugee standing in Germany are additionally invited to use.
  • When making use of for the BMW Group Change Maker Fellowships, candidates will likely be requested to reply the next query: the BMW Group seeks to actively form the way forward for mobility; what facet of a digital future fascinates you essentially the most and why?

In whole, the BMW Group presently employs over 9,400 individuals worldwide in IT & software program growth. It has been pooling the corporate’s IT experience in IT and software program hubs worldwide since 2018. In addition to the areas in Germany, South Africa, the USA, Portugal and China, there at the moment are two extra in Romania and India. The hubs have their very own distinctive tech tradition and a excessive diploma of autonomy, making them enticing locations to work for regional expertise swimming pools. This is why we’re providing the 2024 Change Maker Fellowships with give attention to digitalization to pick international locations of our BMW Group IT-Hub community.

More info on the fellowship and the appliance course of could also be discovered here.

If you have got any questions, please contact:

BMW Group Corporate Communications

Milena Pighi
Communications Human Resources, Working Environment, Real Estate, Corporate Citizenship
Spokesperson Corporate Citizenship
Email: milena.pa.pighi@bmw.de
Telephone: +49-89-382-66563
Media web site: www.press.bmwgroup.com
Email: presse@bmwgroup.com

ESMT Berlin
Kim Matthies
PR Manager
Email: kim.matthies@esmt.org
Telephone: +49-151-1457-1830


The BMW Group

With its 4 manufacturers BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW Group is the world’s main premium producer of vehicles and bikes and likewise supplies premium monetary and mobility providers. The BMW Group manufacturing community contains over 30 manufacturing websites worldwide; the corporate has a world gross sales community in additional than 140 international locations.

In 2023, the BMW Group offered over 2.55 million passenger automobiles and greater than 209,000 bikes worldwide. The revenue earlier than tax within the monetary yr 2023 was € 17.1 billion on revenues amounting to € 155.5 billion. As of 31 December 2023, the BMW Group had a workforce of 154,950 staff.

The success of the BMW Group has at all times been based mostly on long-term pondering and accountable motion. The firm set the course for the longer term at an early stage and constantly makes sustainability and environment friendly useful resource administration central to its strategic path, from the provision chain by manufacturing to the tip of the use part of all merchandise.

www.bmwgroup.com
Facebook: http://www.facebook.com/BMWGroup
Twitter: http://twitter.com/BMWGroup
YouTube: http://www.youtube.com/BMWGroupView
Instagram: https://www.instagram.com/bmwgroup
LinkedIn: https://www.linkedin.com/company/bmw-group/

About ESMT Berlin
 ESMT Berlin is a number one international enterprise college with its campus within the coronary heart of Berlin. Founded by 25 international corporations, ESMT provides grasp, MBA, and PhD applications, in addition to government training on its campus in Berlin, in areas world wide, on-line, and in on-line blended format. Focusing on management, innovation, and analytics, its numerous college publishes excellent analysis in high educational journals. Additionally, the worldwide enterprise college supplies an interdisciplinary platform for discourse between politics, enterprise, and academia. ESMT is a non-profit non-public establishment of upper training with the best to grant PhDs and is accredited by AACSB, AMBA, EQUIS, and ZEvA. It is dedicated to variety, fairness, and inclusion throughout all its actions and communities.

BMW

Statement Walter Mertl Member of the Board of Management of BMW AG, Finance, Conference Call Quarterly Statement to 31 March 2024

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– Check towards supply –

Ladies and Gentlemen,

Good morning,

SLIDE 2: BMW Group Quarterly Statement to 31 March 2024

The BMW Group had a profitable begin into 2024.

Both gross sales and earnings for the primary quarter had been consistent with our expectations. This outcomes from the targeted implementation of our strategic priorities.

At the BMW Group, we’ve robust manufacturers and enticing merchandise, which create ongoing excessive demand and a worthwhile operational enterprise.

SLIDE 3: Highlights of BMW Group Performance in Q1 2024

In the primary three months, the BMW Group delivered slightly below 595,000 automobiles to clients. This is a slight enhance of 1.1 % over the identical interval of final yr.

Our all-electric automobiles, specifically, made an vital contribution, with development of 27.9 %.

If we have a look at the BMW model alone, that quantity was 40.6 %.

At the identical time, gross sales of fashions within the higher premium section additionally recorded important double-digit development of greater than 21 %.

The Group EBT margin for the primary quarter got here in at 11.4 %, which is above our strategic goal of 10 %.

The EBIT margin within the Automotive Segment was 8.8 %. This falls clearly inside our goal hall of 8 to 10 %.

Ladies and Gentlemen,

This quarter confirms as soon as once more that the BMW Group’s working enterprise persistently delivers robust outcomes.

We have a clearly outlined long-term plan. And we’ve important flexibility in our programs and processes. This permits us to adapt rapidly to developments and benefit from market alternatives.

On this foundation, we anticipate to function at a constant stage all through 2024.

SLIDE 4: BMW Group in Q1

Let’s check out the monetary figures for the primary quarter in additional element.

I’ll begin with a short overview at Group stage.

BMW Group revenues had been on par with the earlier yr.

Group earnings earlier than tax totalled round 4.2 billion euros, leading to a Group EBT margin of 11.4 %.

SLIDE 5: Automotive Retail Units, BEV Units, Auto Revenue and Auto EBIT

And now extra particulars on how the Automotive Segment carried out throughout key metrics.

In the primary three months, the BMW Group delivered 595,000 BMW, MINI and Rolls-Royce automobiles to clients.

The BMW model reported development of two.5 %.

Due to the upcoming mannequin changeovers MINI gross sales had been down 9.4 % from the earlier yr. The New MINI Family, comprising the Countryman*, the Cooper* and the Aceman*, will enhance MINI gross sales – notably within the second half of the yr.

This gross sales growth can also be mirrored in section revenues. Adjusted for forex translation results, revenues noticed a slight enhance of 1.5 %.

Both the upper gross sales quantity and optimistic product combine results from the higher worth section and BEV contributed to the rise in revenues in Q1 2024.

This is anticipated to offer a tailwind for revenues additionally within the the rest of 2024.

Furthermore, costs throughout the product portfolio are anticipated to be consistent with final yr’s stage.

The electrification of our product line-up continued to generate substantial gross sales momentum in the newest quarter.

Almost 83,000 fully-electric automobiles had been bought – or 13.9 % of our whole gross sales.

Taken collectively, BEV and plug-in hybrids accounted for about 21 % of whole gross sales within the first quarter.

EBIT for the interval from January to March was 2.7 billion euros, with an EBIT margin of 8.8 %.

This implies that the primary quarter of 2024 is consistent with the constant development in profitability for the reason that starting of 2022.

Q1 2023 was distinctive, as the results of inflation weren’t but absolutely mirrored within the working consequence.

I’ll present extra particulars on the Q1 year-on-year growth with the EBIT bridge.

SLIDE 6: Automotive Segment EBIT in Q1

Changes in commodity costs accounted for a optimistic influence of round 200 million euros. Currency results remained impartial.

For the complete yr 2024, we anticipate a optimistic internet steadiness from forex and commodity positions.

The internet steadiness of quantity, model-mix and pricing results is about 300 million euros decrease than for the primary quarter of 2023.

Increase in volumes made a slight optimistic contribution.

The double-digit development by fashions within the higher worth section virtually fully compensated the impact from the upper BEV share.

Starting with the second quarter of 2023, we started to see elevated competitors resulting from higher availability of automobiles available in the market. This led to a gradual softening of the worldwide worth setting for brand new and used vehicles, which has continued into the primary quarter of 2024.

For the complete yr 2024, we anticipate the online impact from quantity, combine and pricing to be barely optimistic, as deliberate.

We anticipate further momentum from fashions like the brand new BMW 5 Series, which is at present ramping up in markets throughout the globe. In China, it launched after the Lunar New Year vacation and has due to this fact solely been in showrooms for just a few weeks.

Full availability of the BMW 7 Series will even have a optimistic impact.

Moving on, we come to analysis and growth bills – which had been 200 million euros greater than within the prior-year first quarter.

Based on Group R&D expenditure, the R&D ratio in line with the German Commercial Code got here in at 5.4 %.

Our R&D actions stay targeted on the electrification and digitalisation of our complete car fleet. We are consistently growing enticing new fashions, just like the NEUE KLASSE or the subsequent era of the BMW X5.

Sales and administrative prices had been 100 million euros greater than the earlier yr. This is basically resulting from IT initiatives and the rise in personnel prices, which was carried out from the third quarter of 2023.

The headwind of 700 million euros from Other Cost Changes primarily outcomes from two areas.

The first is manufacturing prices.

Sales margins within the first quarter of 2023 nonetheless benefitted from a decrease stage of buying costs in 2022.

This led to a optimistic EBIT impact in Q1 2023 as inventories with decrease manufacturing prices had been bought.

Starting in Q2 2023, we noticed an elevation in prices that has carried by into Q1 2024.

Another purpose for the distinction in different price modifications is earnings from the resale of end-of-lease automobiles.

As anticipated, earnings was decrease than within the first quarter of 2023, but stays optimistic.

The normalisation we’ve been seeing within the used automobile market over the previous twelve to fifteen months has progressively continued.

SLIDE 7: Automotive Segment Free Cash Flow in Q1

Free cashflow within the Automotive Segment totalled about 1.3 billion euros within the first quarter of 2024.

The distinction to the primary quarter of 2023 primarily outcomes from the decrease EBT.

Inventory ranges rose through the first quarter, consistent with planning. This contributed to the change in working capital, which quantities to 1.2 billion euros.

The enhance in inventory will be certain that we are able to service the anticipated buyer demand.

The internet impact from capital expenditure and depreciation additionally decreased free money stream by 200 million euros.

Capital expenditure for January to March totalled round 1.3 billion euros. This was primarily allotted to new fashions and constructions, with a transparent give attention to electrification and digitalisation in addition to automated driving programs.

The capex ratio for the yr to the top of March was 3.6 %.

Changes in provisions and within the place different, resembling tax funds, had no internet influence on free money stream.

In the primary quarter of 2024, investments totalling 2.3 billion euros had been made into future fashions and improvements. Nevertheless, the Automotive section generated 1.3 billion euros in free cashflow.

For the complete yr, the BMW Group is focusing on a free cashflow above 6 billion euros within the Automotive section, regardless of the deliberate peak investments in R&D and capex in 2024.

The robust underlying free cashflow era helps our ongoing and constant shareholder return.

As a part of the share buyback program BMW AG has acquired shares equal to five.03 % of the share capital in place on March thirty first.

The second tranche of the second program with a quantity of 500 million euros is at present in progress and can be accomplished no later than June twenty eighth.

Currently we see no purpose to not proceed with tranche three instantly after conclusion of tranche two.

SLIDE 8: Financial Services Segment in Q1

In the Financial Services Segment, the optimistic development in new enterprise from the second half of 2023 continued by the primary three months of 2024.

The variety of new contracts concluded with retail clients elevated considerably by 21.5 % year-on-year to achieve 422,000 contracts. Financing for each new and used automobiles contributed to this development.

In line with this, the amount of recent enterprise grew by 22.1 % to only over 15.6 billion euros.

Segment earnings for the primary quarter amounted to 730 million euros – a lower of 215 million from the earlier yr.

This might be attributed each to greater credit score threat provisioning and the normalisation of earnings from the resale of lease returns.

The credit score loss ratio throughout the whole mortgage portfolio remained at a low charge of 0.21 %.

SLIDE 9: Motorcycles Segment in Q1

In the Motorcycles Segment, first-quarter deliveries decreased barely by 3.1 % year-on-year.

EBIT for the yr to the top of March totalled 106 million euros, with an EBIT margin of 12.2 %.

SLIDE 10: Outlook 2024

Ladies and Gentlemen,

After a profitable first quarter, we anticipate the stable enterprise efficiency to proceed all year long 2024.

Therefore, our steering for key efficiency indicators stays unchanged.

This is predicated on the belief that geopolitical and macroeconomic situations don’t deteriorate.

Group earnings earlier than tax are projected to lower barely.

In the Automotive Segment, we’re planning for slight year-on-year gross sales development – with the proportion of all-electric automobiles set to extend considerably.

We anticipate to see an EBIT margin of between 8 and 10 % and a Return on Capital Employed (RoCE) of between 15 and 20 %.

Sales ought to be barely greater within the Motorcycles Segment, too. The section’s EBIT margin ought to are available in at between 8 and 10 % and Return on Capital Employed (RoCE) ought to be between 21 and 26 %.

In the Financial Services Segment, we’re focusing on a Return on Equity (RoE) within the vary of 14 to 17 % for the complete yr.

SLIDE 11: BMW Group with Consistent Performance

Ladies and Gentlemen,

The BMW Group combines a strong monetary efficiency in its present enterprise with a long-term perspective for the longer term.

We have a spread of extremely enticing merchandise available in the market and we’re repeatedly growing new fashions that can set the usual for driving expertise, digitalisation and connectivity.

As deliberate for and beforehand introduced, our analysis and growth spending, and our capital expenditure, will respectively peak in 2024.

We anticipate our R&D ratio for the complete yr to be above 5 %, and the capex ratio above 6 %.

Our underlying profitability permits us to finance these investments sooner or later and on the identical time yield enticing returns to our shareholders.

We proceed to steer the corporate consistent with our strategic priorities. And we ship what we promise.

Our flexibility permits us to rapidly adapt to market fluctuations and to satisfy buyer demand throughout the globe.

This ensures that we capitalize on market developments and ship robust outcomes by constant execution.

Thank you.

BMW

Robust outcomes inside full-year steering: BMW Group has a profitable begin to 2024

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Munich. The BMW Group continues its profitable course in 2024: parallel to its dynamic BEV ramp-up, the corporate achieved its margin targets. In the primary three months of the yr, the corporate delivered round 83,000 all-electric autos from its BMW, MINI and Rolls-Royce manufacturers and elevated BEV gross sales by round 28 p.c. The BMW model total elevated its gross sales by 2.5%. At the identical time, the EBIT margin within the Automotive phase of 8.8 p.c was throughout the goal vary of 8-10 p.c, in response to the full-year steering. At 11.4 p.c, the EBT margin at Group stage was above the strategic goal of >10 p.c.

After the challenges of the corona pandemic and semiconductor availability, the corporate has constantly delivered quarter by quarter inside its 8-10% strategic EBIT hall since Q1 2022. This has been achieved in parallel to its fast ramp-up of electrical mobility: Over the previous two years, the BMW Group delivered greater than 1.1 million electrified autos to prospects. More than 60 p.c of those had been purely electrical BEV fashions. The BEV share continues to rise steadily, as deliberate.

In the primary quarter of 2023, the EBIT margin of Automotive phase was 12.1%. The EBIT of earlier yr’s first quarter benefited from the decrease buy worth stage of 2022, as inventories with decrease manufacturing prices had been bought. The inflation-related enhance in manufacturing prices impacted the revenue & loss assertion of BMW AG after the second quarter of 2023. The larger price stage has carried by way of into Q1/2024.

“The past nine quarters underline BMW’s continuity and reliability: As planned, we are dynamically expanding the share of electric vehicles while maintaining our high level of profitability. Some call this transformation — for us, it is continuous progress,” mentioned the Chairman of the Board of Management of BMW AG, Oliver Zipse, on Wednesday. “We will remain on this course: We offer our customers the latest innovations and the latest technology — across all vehicle drivetrains. As a result, we continue to generate strong demand with strong products.”

Automotive markets on upward pattern – BMW Group deliveries enhance

With a complete of 594,533 cars delivered to prospects within the first three months, the corporate posted a slight development of 1.1% in comparison with the earlier yr and reaffirmed its main place within the international premium phase.

 

Throughout the three-month interval, the most important automotive markets largely confirmed an upward pattern based mostly on catch-up purchases and elevated gross sales within the mid-price quantity phase. The BMW Group benefited with its younger and extremely engaging product line-up: The BMW model bought 530,933 items within the first quarter – a rise of +2.5% year-on-year. It achieved gross sales development of 2.4% (84,475 items) within the USA and vital development of 10.2% in Europe with 188,863 items delivered. In China, the amount phase developed dynamically in cheaper price ranges, whereas the premium phase declined barely. The BMW model bought 182,998 autos, according to phase improvement (2023: 190,774 items/-4.1%). In Germany, deliveries grew by 4.6% to 49,509 premium autos.

The widespread BMW i4*, in addition to the BMW iX1* and BMW i7*, had been among the many largest development drivers of the 78,682 BMW BEVs delivered. The BMW model’s fully-electric autos noticed notably sturdy development of +40.6%. A complete of 122,582 BMW Group electrified autos, BEVs and PHEVs, had been delivered to prospects, which represents a gross sales share of just about 21%.

Further gross sales momentum is anticipated over the course of the yr from the BMW iX2* and BMW i5*, that are presently ramping up.

Fully-electric fashions elevated to 13.9% of whole gross sales (2023: 11.0%). Once once more, the fashions of higher worth segments additionally proved to be necessary development drivers – with deliveries up 21.6%.

The MINI model is present process a complete mannequin changeover. For the primary time, the brand new MINI Countryman*, was not too long ago launched with a pure-electric drive prepare alongside the acquainted inner combustion engine. This might be adopted by the brand new MINI Cooper*, which is available in mid Q2 with a combustion engine or as a fully-electric car. The all electrical MINI Aceman* not too long ago celebrated its world premiere on the Beijing Motor Show and is the model’s first cross-over mannequin for the premium small automotive phase. These new fashions are anticipated to ship extra momentum from 2nd half of 2024. MINI delivered 62,075 autos to prospects in Q1 (2023: 68,541 items/-9.4%).

The Rolls-Royce model made a powerful e-mobility debut with the Rolls-Royce Spectre*: In the primary quarter of 2024 alone, the Rolls-Royce luxurious model handed over 579 fully-electric tremendous coupés to their new homeowners; 38% of the entire 1,525 automobiles delivered had been electrified (2023: 1,640 automotive/-7.0%).

 

  Currency-adjusted Group revenues elevated barely

First-quarter Group revenues totalled € 36,614 millionand had been, due to this fact, on par with the earlier yr’s report excessive (2023: € 36,853 million/-0.6%). Group revenues had been buoyed by larger gross sales volumes and a extra beneficial product combine.

Group EBT margin outperforms goal of >10%

 

Between January and March, the BMW Group reported pre-tax earnings (EBT) of € 4,162 mi llion(2023: € 5,129 million/-18.9%). The EBT features a monetary end result of € 108 million (2023: € -246 million), which displays the market improvement in rate of interest and foreign money hedging transactions. The EBT margin for this era was 11.4% (2023: 13.9%) and was above the >10% full yr goal. Group web revenue for the primary quarter totalled € 2,951 million (2023: € 3,662 million/-19.4%).

 

BMW AG continues its share buyback programme

With the authorisation of the Annual General Meeting of BMW AG on 11 May 2022, the corporate initiated the acquisition of shares. Shares bought in programme one have already been cancelled. As of 31 March 2024, BMW AG holds 8,004,314 treasury shares, with a nominal worth of € 8,004,314. Based on this authorisation, BMW AG bought shares equal to five.03% of the share capital as of March 31, 2024.

8.8% Automotive Segment EBIT margin inside full-year goal vary

The Automotive Segment earned revenues of € 30,939 million within the first quarter (2023: € 31,268 million/-1.1%). Excluding foreign money translation headwinds, particularly from the Chinese renminbi and the US greenback, revenues posted year-on-year development of +1.5%. Higher gross sales volumes and extra beneficial product combine results from the higher worth phase and BEV bolstered phase revenues, underscoring the strong working efficiency of the core enterprise. Prices throughout the product vary are anticipated in 2024 to be according to final yr’s stage.

The Ea rnings earlier than monetary end result (EBIT) totalled € 2,710 million for the primary quarter (2023: € 3,777 million/-28.2%). The auto EBIT margin got here in at 8.8% (2023: 12.1%) and was thus throughout the full-year goal vary of 8-10%. EBIT was impacted by larger manufacturing prices. As talked about earlier than, Q1 2023 had nonetheless benefited from the decrease stage of buying costs in 2022. Manufacturing prices elevated beginning with the second quarter of 2023 and has carried by way of into Q1/2024.

Changes in commodity costs accounted for a constructive low three-digit million euro influence in EBIT, whereas foreign money results remained impartial. For the complete yr 2024, the BMW Group anticipates a constructive web stability from foreign money and commodity positions.

Resale outcomes from end-of-lease autos proved to be a headwind towards Q1/2023 but remained constructive. Starting with the second quarter of 2023, the aggressive surroundings has intensified as a consequence of a greater availability of autos. This has led to a gradual softening of the worldwide worth surroundings within the new and used automotive enterprise which has continued into the primary quarter of 2024.

For the complete yr 2024, the corporate expects web influence of quantity, product combine and worth to be barely constructive towards the earlier yr, as communicated.Additional momentum ought to come from the new 5 collection and the higher availability of the 7 collection fashions throughout the first full yr resulting in a stronger product combine.

EBIT of auto phase was additionally impacted by larger promoting & administrative prices,

largely as a consequence of IT initiatives and the rise in personnel prices, which was carried out from the third quarter of 2023.

In line with its strategic plans, the BMW Group is investing extra in its future this yr than ever earlier than. It plans to see report ranges of R&D bills and capital expenditure: The BMW Group is constantly specializing in improvements, environment friendly and low-emission applied sciences, in addition to the additional electrification and digitalisation of the product vary and the corporate.

Based on the power of its present working efficiency, the BMW Group incurred R&D bills of € 1,974 millio n (2023: € 1,554 million/+ 27.0%) within the first quarter, which had been considerably larger than the earlier yr. Spending was primarily centered on additional electrification and digitalisation of the car fleet, in addition to continued improvement of automated driving features. Development expenditure was additionally directed in the direction of upcoming fashions of the NEUE KLASSE in addition to successor fashions such because the BMW X5.

The R&D ratio (in response to the German Commercial Code) elevated to 5.4% (2023: 4.2%). For the full-year, the BMW Group expects a ratio of over 5.0%.

In the primary quarter of the yr, free money circulate of automotive phase was affected by the enhance in working capital as a consequence of larger stock ranges to make sure applicable provide to gross sales markets with lead instances acceptable to prospects.

Capital expenditure of € 1,323 million (excluding captialized improvement prices)was allotted to amenities together with amenities for car initiatives, with a give attention to electrification and digitalisation (2023: € 1,328 million/-0.37%). The capex ratio stood at 3.6% (2023: 3.6%). The firm expects the ratio for the complete yr to be over 6%.

In Q1 2024, whole investments of €2.3bn had been made into future fashions and improvements. Nevertheless, phase Automotive generated € 1,283 million (2023: € 1,981 million/-35.2%) in free money circulate. 

For the complete yr, the BMW Group is concentrating on a free money circulate within the Automotive Segment above € 6 billion, regardless of peak investments in R&D and CAPEX in 2024.

“A long-term strategic approach, coupled with maximum flexibility in our day-to-day business and a clear focus on profitability – that is what defines the BMW Group’s strong operating performance. With this strength, we are in a good position for our company’s far-reaching transition with a diverse range of electrified and digitalized products. This year, it will be more important than ever to maintain our strategic course. The investments needed in the digital and electric future of our company are the highest they have ever been,” mentioned Walter Mertl, member of the Board of Management liable for Finance. “We are confident about the future – because we are building on our highly attractive products and brands and on our financial strength.”

 

Financial providers see sturdy development in new enterprise

 

The financing and leasing enterprise of BMW Group Financial Services continued to expertise dynamic improvement within the first quarter of 2024. New retail enterprise with finish prospects noticed sturdy development: The variety of new contracts climbed by 21.5% to succeed in a complete of 422,056 (2023: 347,298 contracts).

The corresponding whole quantity of recent enterprise from financing and leasing contracts with retail prospects was € 15,620 million (2023: € 12,788 million/+22.1%). The proportion of BMW Group new autos leased or financed by the Financial Services Segment reached 41.8% on the finish of the primary quarter (2023: 36.5%/+5.3 proportion factors).

In the three-month interval, the phase reported pre-tax earnings of € 730 m illion(2023: € 945 million/-22.8%). Higher threat provisioning and decrease revenue from the resale of end-of-lease autos had a dampening impact on earnings towards the earlier yr. As anticipated, costs within the used automotive markets continued to say no. During the reporting interval, the credit score loss ratio remained on the low price of 0.21% throughout your entire mortgage portfolio (2023: 0.13%). BMW Group Financial Services has made ample threat provisions.

BMW bikes with sturdy season begin

 

In the primary quarter, BMW Motorrad delivered 46,434 bikes and scooters to prospects. Overall, BMW Motorrad expects demand for its younger product line-up to stay strong this yr. The new fashions, particularly the F 800 GS, the F 900 GS and the R 1300 GS, are having fun with sturdy demand since their market launch, additional bolstering the phase’s development technique. The EBIT margin of 12.2%(2023: 16.5%) exceeded the guided full-year goal vary of 8-10%.

BMW Group confirms steering

Forecasts predict a slight enhance of three.2% in international financial development for 2024. If the present financial restoration in lots of markets continues, development may doubtlessly be stronger. However, escalation of present conflicts, with a potential enhance in geopolitical tensions, may have a destructive influence.

The BMW Group expects to take part on this development, leveraging its balanced positioning the world over’s main areas.

Given the persevering with demand for its engaging premium autos, the BMW Group confirms its steering for the yr. The firm expects to see slight development in buyer deliveries worldwide in 2024.

Group earnings earlier than tax are forecast to lower barely, as a consequence of larger manufacturing and stuck prices, notably personnel prices and R&D bills, in comparison with the earlier yr. The projected lower in used automotive costs can also be anticipated to contribute to this improvement.

The BMW Group expects an EBIT margin within the Automotive Segment of between 8-10% for the complete yr.

For the Motorcycles Segment, a slight enhance in deliveries is forecast and an EBIT margin throughout the goal vary of 8-10%.

Return on fairness (RoE) within the Financial Services Segment is projected to be between 14 and 17%.

These targets might be achieved with barely larger worker numbers.

This steering assumes that geopolitical and macroeconomic circumstances is not going to deteriorate considerably. Given the various uncertainties surrounding the prevailing dangers and alternatives, the BMW Group’s precise enterprise efficiency might deviate from present expectations.

The BMW Group – an summary: IN Q1 2024

Q1 2024

Q1 2023

Change in %

Deliveries to prospects

Automotive1

items

594,533

588,138

1.1

thereof: BMW

items

530,933

517,957

2.5

MINI

items

62,075

68,541

-9.4

Rolls-Royce

items

1,525

1,640

-7.0

Motorcycles

items

46434

47,935

-3.1

Employees (as of 31 Dec. 2023)

154,950

EBIT margin Automotive Segment

p.c

8.8%

12.1%

-27.5

EBIT margin Motorcycles Segment

p.c

12.2%

16.5%

-26.4

EBT margin BMW Group2

p.c

11.4%

13.9%

-18.0

Revenues

€ million

36,614

36,853

-0.6

thereof: Automotive

€ million

30,939

31,268

-1.1

Motorcycles

€ million

872

933

-6.5

Financial Services

€ million

9,525

8,826

7.9

Other Entities

€ million

4

3

33.3

Eliminations

€ million

-4,726

-4,177

13.1

Profit earlier than monetary end result (EBIT)

€ million

4,054

5,375

-24.6

thereof: Automotive

€ million

2,710

3,777

-28.2

Motorcycles

€ million

106

154

-31.2

Financial Services

€ million

714

958

-25.5

Other Entities

€ million

-5

-4

25.0

Eliminations

€ million

529

490

8.0

Profit earlier than tax (EBT)

€ million

4,162

5,129

-18.9

thereof: Automotive

€ million

2,703

3,828

-29.4

Motorcycles

€ million

106

154

-31.2

Financial Services

€ million

730

945

-22.8

Other Entities

€ million

401

-128

-413.3

Eliminations

€ million

222

330

-32.7

Group revenue taxes

€ million

-1,211

-1,467

-17.5

Net revenue

€ million

2,951

3,662

-19.4

Earnings per share of frequent inventory

€

4.42

5.31

-16.8

Earnings per share of most well-liked inventory3

€

4.42

5.31

-16.8

1 Deliveries embrace the three way partnership BMW Brilliance Automotive Ltd., Shenyang

2 Ratio of Group earnings earlier than taxes to Group revenues.

3 Common/most well-liked shares. Earnings per share of most well-liked inventory are calculated by distributing the earnings required to cowl the extra dividend of € 0.02 per most well-liked share proportionally over the quarters of the corresponding monetary yr.

GLOSSARY – explanatory feedback on key efficiency indicators

 

Deliveries to prospects
A brand new or used car is recorded as a supply as soon as it’s handed over to the tip person (which additionally contains leaseholders below lease contracts with BMW Financial Services). In the US and Canada, finish customers additionally embrace (1) sellers after they designate a car as a service loaner or demonstrator car and (2) sellers and different third events after they buy an organization car at public sale and sellers after they buy firm autos instantly from the BMW Group. Deliveries could also be made by BMW AG, certainly one of its worldwide subsidiaries, a BMW Group retail outlet, or impartial third-party sellers. The overwhelming majority of deliveries – and therefore the reporting of deliveries to the BMW Group – is made by impartial third-party sellers. Retail car deliveries throughout a given reporting interval don’t correlate on to the revenues that the BMW Group recognises in respect of that specific reporting interval.

EBIT

Profit earlier than monetary end result. Profit earlier than monetary end result includes revenues much less price of gross sales, much less promoting and administrative bills and plus/minus web different working revenue and bills.

EBIT margin

Profit/loss earlier than monetary end result as a proportion of revenues.

EBT

EBIT plus monetary end result.

PHEV

Plug-in-hybrid electrical car.

If you may have any questions, please contact:

 

BMW Group Corporate Communications

 

Dr Britta Ullrich, Finance Communications

Telephone: +49 89 382-18364

Email: britta.ullrich@bmwgroup.com

Eckhard Wannieck, head of Communications BMW Group, Finance, Sales

Telephone: +49 89 382-24544

Email: eckhard.wannieck@bmwgroup.com

Media web site: www.press.bmwgroup.com/deutschland

Email: presse@bmwgroup.com

 

BMW

“Good boy, SpOTTO”: Robot canine scans and screens manufacturing tools at BMW Group Plant Hams Hall

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Hams Hall, UK. A four-legged robotic named “SpOTTO” lately joined the group at BMW Group Plant Hams Hall within the UK. The autonomous robotic canine scans the plant, helps upkeep and ensures manufacturing processes run easily. Equipped with visible, thermal and acoustic sensors, SpOTTO is deployed in various distinctive use circumstances: On the one hand, it collects priceless information for the plant’s digital twin; on the opposite, it serves as a watchdog, overseeing upkeep of manufacturing amenities. “Virtualization, automation and artificial intelligence are central pillars of the BMW iFACTORY,” explains Klaus von Moltke, SVP of Engine Production at BMW AG. “Bold, innovative application examples like those at Plant Hams Hall showcase the full range of possibilities.”

Fully linked digital twin: Big information on three ranges

SpOTTO performs a pivotal function in creating and refining the plant’s totally linked digital twin. The digital twin operates on three ranges: On the primary stage, 3D representations of your entire plant are generated. The second stage contains a big information layer into which the autonomous robotic canine, manufacturing amenities and IT methods on the plant feed all related info. On the third stage – the appliance stage – devoted programmes kind the info collected into understandable and traceable items. It is the mixture of those three ranges that makes the totally linked digital twin distinctive. Using apps, consultants at Plant Hams Hall can now consider and utilise this information. Application examples embrace high quality assurance and manufacturing planning. Dirk Dreher, Director of BMW Group Plant Hams Hall, is delighted: “Thanks to the digital twin, we have an enormous quantity of precise data and evaluations, as well as a real-time picture of production processes. The project team at Plant Hams Hall has created unique use cases for our four-legged friend and integrated him perfectly into our processes.”

A dependable upkeep watchdog

Thanks to its visible, thermal and acoustic sensors, SpOTTO is ready to carry out quite a few upkeep duties. For occasion, he screens the temperature of producing tools and instantly recognises if an set up is operating too sizzling – an early signal of potential failure. At BMW Group Plant Hams Hall, SpOTTO additionally specialises in figuring out leaks within the compressed-air traces utilized in manufacturing. Given that compressed air requires a considerable quantity of vitality, detecting leaks rapidly can decrease vitality consumption.

SpOTTO was created by Boston Dynamics with the product title “Spot.” It is a nimble robotic sufficiently small to make use of indoors, that climbs stairs and traverses tough terrain with ease. “Spot” was renamed SpOTTO at Plant Hams Hall – paying tribute to the heritage of the British engine plant. Gustav Otto was one of many founders of BMW and son of Nicolaus Otto, inventor of the four-stroke inside combustion engine. In 2023, greater than 400,000 engines had been produced at Plant Hams Hall, which, alongside SpOTTO, additionally employs about 1,600 individuals. Before SpOTTO’s introduction on the plant, a devoted group examined which actions the robotic canine could be appropriate for in a one-year improvement course of. Other potential makes use of are presently being trialled within the plant’s Technical Basement: These embrace studying analogue working controls or performing complicated sequences of actions that make the four-legged robotic even higher at accessing hard-to-reach areas of manufacturing. In addition to Hams Hall, different BMW Group vegetation are additionally presently testing using robotic canines.

Working with trusted companions

Marco da Silva, Head of Spot Product Development at Boston Dynamics explains: “The working environment at Plant Hams Hall is well suited for industrial inspections using a quadruped robot like SpOTTO. The robot can easily take over the completion of numerous, repeatable monitoring tasks so the plant’s maintenance team can focus on maintenance. We are proud of the way the robot has been integrated into the plant.” 

BMW

Construction of high-voltage battery meeting will get underway at BMW Group Plant San Luis Potosí

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San Luis Potosí. BMW Group Plant San Luis Potosí is gearing up for manufacturing of the Neue Klasse: Construction of a neighborhood high-voltage battery meeting has now begun, together with growth tasks for the physique store, meeting and logistics areas. A complete of 800 million euros will likely be invested in increasing the Mexican manufacturing web site.

The Neue Klasse may even be produced in Mexico from 2027 onwards. The Sports Activity Vehicle mannequin will likely be launched on the new BMW Group Plant Debrecen in Hungary because the preliminary spinoff of the Neue Klasse in late 2025, whereas the Sedan will ramp up in Munich in 2026. Just one 12 months later, further manufacturing capability will likely be obtainable in Mexico – initially, for the Sports Activity Vehicle. The future high-voltage battery meeting at Plant San Luis Potosí, masking an space of greater than 80,000 sq. metres, is essential to integrating the Neue Klasse on the manufacturing web site.

“The battery assembly in San Luis Potosí will be part of our global production network. For our new sixth-generation e-drive alone, we are building five locations on three continents,” defined Milan Nedeljković, member of the Board of Management of BMW AG chargeable for Production, firstly of development in Mexico. The BMW Group is dedicated to the “local for local” precept worldwide. “Locating battery factories close to vehicle manufacturing makes production more resilient.”

Close hyperlinks between battery manufacturing unit and automobile manufacturing

In line with its “local for local” precept, the BMW Group locates its high-voltage battery meeting amenities worldwide as shut as potential to its automobile crops. In addition to the placement in San Luis Potosí, meeting websites for sixth-generation high-voltage batteries are additionally being in-built Debrecen (Hungary), Shenyang (China), Woodruff, close to Spartanburg (USA) and Irlbach-Straßkirchen (Lower Bavaria). This strategy safeguards manufacturing, even within the occasion of unexpected political and financial developments. Existing areas are additionally being strengthened, securing jobs. The quick distances concerned cut back the carbon footprint of car manufacturing.

The BMW Group will use its newly developed spherical cells for the primary time within the Neue Klasse. This leap in know-how will enhance the vitality density of cells by 20 p.c and enhance charging pace by as much as 30 p.c. Range will likely be prolonged by 30 p.c. 

Further growth of Plant San Luis Potosí

As properly as integrating battery meeting, different adjustments are being made at Plant San Luis Potosí: Just below 20,000 sq. metres will likely be added to the physique store, leading to a complete space of over 90,000 sq. metres. Assembly and logistics areas are additionally being expanded by nearly 10,000 sq. metres.

“With this further development of our site, we are also gearing up in Mexico for the launch of the next BMW model generation. As the first premium OEM producing fully-electric vehicles and high-voltage batteries in Mexico, we are at the forefront of our industry and, at the same time, continuing to reduce our environmental footprint,” mentioned Harald Gottsche, president and CEO of BMW Group Plant San Luis Potosí.

Photovoltaic output to double

When it involves environment friendly vitality provides, the BMW Group makes use of site-specific options at its areas around the globe. “In Mexico, we are planning to expand the photovoltaic systems within the plant, to double the output from the solar panels,” mentioned Nicole Haft-Zboril, Head of Real Estate Management on the BMW Group. “The plan is to generate more than 20 percent of the electricity we need at the moment – directly on the factory premises.” The wastewater therapy plant has additionally been expanded, with an funding of three.3 million euros considerably rising the reuse of handled wastewater.

Extensive abilities growth programme

BMW Group Plant San Luis Potosí can also be stepping up its dedication to abilities growth, aimed toward guaranteeing staff are extremely certified and ready for the challenges of the long run. Training will embrace matters equivalent to security consciousness round manufacturing of high-voltage programs and the usage of robotics in manufacturing processes.

The BMW Group plant in San Luis Potosí began manufacturing in 2019. Around 3,700 staff presently produce the BMW 3 Series Sedan in addition to the BMW 2 Series Coupé and the BMW M2 fashions for the worldwide market.

Volkswagen

Brand Group Core will increase working revenue in Q1 2024 regardless of difficult market surroundings

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The Brand Group Core delivered sturdy monetary ends in the primary quarter of 2024. With steady car gross sales and barely decrease gross sales income, the Brand Group Core reported a big year-on-year enhance in working revenue and working return. At 6.4%, working return was nicely throughout the goal hall of 6-7% for 2024. All manufacturers contributed to this achievement, reporting greater returns on the idea of centered price administration in addition to elevated implementation of synergy and effectivity measures throughout the Brand Group. The monetary efficiency within the first quarter felt the influence of offsetting results – these included, for instance, the abrupt termination of presidency incentives for electrical vehicles within the German market and the associated low cost measures firstly of the 12 months. Furthermore, there was excessive depreciation attributable to investments in product campaigns and the associated ramp-up of electrical merchandise.
The Brand Group Core was, nonetheless, capable of counteract these results within the first quarter of 2024 with a balanced product combine. The slight dip in demand for all-electric autos (BEV) was offset by greater deliveries of ICE fashions. Overall, steady Q1 unit gross sales figures at Brand Group stage mirror these results.

Significant enhance in Brand Group revenue and return on the again of strong car gross sales and gross sales income.

Key monetary efficiency indicators affirm the energy and resilience developed by the Brand Group Core: with unit gross sales of 1,191,926, the Brand Group’s car gross sales virtually matched the excessive prior-year stage (Q1 2023: 1,192,974 autos). Even although gross sales income got here in at 32.8 billion euros – thus barely decrease than the very robust gross sales stage of the earlier 12 months (Q1 2023: 33.2 billion euros) – working revenue earlier than particular objects grew 21% to 2.1 billion euros (Q1 2023: 1.7 billion euros).

The working return (earlier than particular objects) improved by 1.2 proportion factors to six.4%. Cash outflows within the first quarter had been primarily attributable to preparations for brand new mannequin ramp-ups.

The Brand Group Core delivered 1,543,500 autos to prospects within the first quarter of the 12 months, 6.2% greater than the identical prior-year quarter (Q1 2023: 1,453,500 autos). All-electric fashions accounted for an necessary share of deliveries: essentially the most profitable all-electric fashions from the Group delivered worldwide within the first quarter of 2024 had been the ID.4, ID.3, Škoda Enyaq and ID. Buzz. Škoda delivered 12.3% extra all-electric autos in Q1 2024 in contrast with the identical prior-year quarter. At Volkswagen Commercial Vehicles, the rise was as excessive as 29.4%.

Key figures for the Brand Group Core:

Key financials

Q1 2024

Q1 2023

Change 24/23

Unit gross sales (in 1000’s)
(incl. different autos from different manufacturers)

1,192

1,193

0%

Sales income

32.77 billion euros

33.16 billion euros

-1%

Operating revenue earlier than particular objects

2.11 billion euros

1.74 billion euros

+21%

Operating return earlier than particular objects

6.43%

5.25%

+1.2%-points

The Volkswagen Passenger Cars, Škoda, SEAT/CUPRA and Volkswagen Commercial Vehicles manufacturers every contributed to the sturdy Brand Group Core Q1 outcomes for fiscal 2024.

Unit gross sales on the Volkswagen Passenger Cars model within the first quarter of fiscal 2024 ran at 694,617, 5% down on car gross sales for a similar prior-year quarter (Q1 2023: 730,797 autos). Given the commonly difficult market surroundings, a really robust efficiency within the first quarter of the earlier 12 months and mannequin adjustments in key quantity drivers (Golf, Tiguan, Passat), gross sales income firstly of the 12 months got here in at 19.3 billion euros, 6% decrease than the prior-year determine (Q1 2023: 20.5 billion euros). At the identical time, nonetheless, the working revenue earlier than particular objects improved by 26.8% to 770 million euros, confirming the Volkswagen model’s steady place total in a risky market. At 4.0%, the working return (earlier than particular objects) was noticeably greater than the prior-year determine of three.0%, pushed by a constructive regional combine and worth results that in flip had been counteracted by pay will increase.

Patrick A. Mayer, Member of the Board of Management of the Volkswagen Brand answerable for “Finance”, commented: “The solid results for the first quarter of 2024 show that our cost optimization measures are having an effect and the brand is successfully strengthening its resilience. Implementation of the Volkswagen brand’s comprehensive performance program continues to gather momentum and will make us even more effective and faster in this challenging year of 2024.”

Škoda Auto delivered 220,500 autos worldwide within the first quarter of 2024, a rise of 5.2% in contrast with the earlier 12 months. The order consumption stays promising. Sales income got here in at 6.6 billion euros, barely down on the determine for Q1 2023 (6.8 billion euros). This is partly attributable to greater materials prices. The working revenue earlier than particular objects ran at 535 million euros and the working return (earlier than particular objects) was 8.1%, barely above the extent for a similar prior-year quarter
(Q1 2023: 8.0%). With deliveries operating at 61,200 (+36%), the Octavia remained the model’s best-selling mannequin.

SEAT/CUPRA reported a constructive begin to enterprise 2024. First-quarter car gross sales by the model ran at 164,300 models, a rise of 6.2% in contrast with the primary quarter of the earlier 12 months. SEAT/CUPRA generated gross sales income of three.8 billion euros, a rise of 6.8% on the determine for Q1 2023. The working revenue earlier than particular objects developed significantly nicely, rising 57% to 226 million euros. The working return (earlier than particular objects) improved to five.9%, similar to an increase of 1.9 proportion factors on the determine for Q1 2023. These constructive figures mirror the profitable market penetration of SEAT/CUPRA and the rising recognition of SEAT/CUPRA fashions.

Business improvement on the Volkswagen Commercial Vehicles model within the first quarter of 2024 was constructive. Vehicle gross sales of 121,906 models represented 17% progress in contrast with similar quarter in 2023. There was corresponding 16% progress in gross sales income to 4.2 billion euros. Particularly noteworthy is the rise in working revenue earlier than particular objects, which greater than doubled to 400 million euros (+ 134%). The working return (earlier than particular objects) got here in at 9.6%, a rise of 4.8 proportion factors.

Outlook
 The subdued financial prospects, rising competitors and political challenges will proceed to form the present fiscal 12 months. Against this backdrop the Brand Group Core because the “core of the Volkswagen Group” has outlined its key priorities: to spice up its monetary energy and innovativeness in addition to enhance its resilience. 2024 can be a 12 months of complete mannequin change. The Volkswagen model started the present 12 months with the market launch of the three most necessary quantity fashions: Tiguan, Golf und Passat. The Brand Group Core will additional strengthen its market place by debuting additional enticing new fashions such because the all-electric Volkswagen ID.7 Tourer, the long-wheelbase ID. Buzz and the CUPRA Tavascan. The Brand Group Core’s working return in Q1/24 was throughout the full-year goal hall of 6-7%. With a transparent give attention to additional decreasing complexity, shortening improvement cycles and systematically tapping into synergy potentials, the Brand Group Core is on monitor to satisfy its goal of an working return of 8% by 2026.

BMW

The BMW Group on the 18th Auto China Beijing 2024.

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Munich / Beijing. At Auto China 2024 in Beijing, the BMW Group presents the newest progress in its change in direction of electrification, digitalisation and circularity. World premieres of recent BMW and MINI fashions take centre stage. The BMW Vision Neue Klasse, which heralds the subsequent era of BMW automobiles, is on present for the primary time in China.

„With the NEUE KLASSE, we’re carrying BMW into the longer term: in design, expertise and philosophy. It begins already subsequent 12 months after we will launch the NEUE KLASSE onto the market. Not with area of interest fashions – however beginning in our most profitable, highest-volume segments,“ says Oliver Zipse, Chairman of the Board of Management of BMW AG.

The BMW Vision Neue Klasse indicators the beginning of a brand new period of particular person mobility and offers a glimpse of the BMW model’s future mannequin era. It is wealthy in digital experiences, regionally emission-free and round in the long run to make sure typical BMW driving pleasure for future generations. Production of the Neue Klasse collection fashions will begin in 2025, initially on the BMW Group plant in Debrecen and shortly afterwards in China.

The model’s hottest electrical automobile worldwide is presently the BMW i4, the brand new model of which is able to have a good time its world premiere at Auto China 2024. The success of the BMW i4 confirms the BMW Group’s open expertise method, which makes it attainable to provide automobiles with purely electrical drive methods and extremely environment friendly combustion engines on a standard platform. In Beijing, the brand new BMW i4 shall be proven to the general public for the primary time along with the BMW 4 Series Gran Coupé’s combustion engine variants, which have additionally been additional developed.

The world premiere of the MINI Aceman at Auto China 2024 marks the third member of the model’s new mannequin household. The all-electric crossover mannequin closes the hole between the brand new MINI Cooper and the brand new MINI Countryman.

“What the NEUE KLASSE is to BMW, the New MINI Family is to MINI: the most desirable product range in the history of the brand and the biggest investment we ever made in MINI. At just over four metres long, the Aceman embodies the basic idea of the original, iconic MINI of 1959: progressive design, optimal use of space and a minimal footprint.,” stated Jochen Goller, member of the Board of Management of BMW AG, chargeable for Customer, Brand and Sales.

The Beijing International Automotive Exhibition, briefly: Auto China, is likely one of the most vital commerce gala’s within the worldwide automotive trade. The 18th version of the exhibition, which alternates with Auto Shanghai, shall be held below the theme “New Era, New Cars” and shall be open to the general public from 25 April to 4 May 2024. At the China International Exhibition Centre in Beijing, automotive producers, suppliers and repair suppliers from all around the world will current their new fashions, merchandise and applied sciences. The BMW Group manufacturers will current their present product vary on an exhibition space of round 2,000 sq. metres.

China premiere: The BMW Vision Neue Klasse.

The BMW Vision Neue Klasse combines the BMW Group’s revolutionary energy and improvement experience in the important thing future fields of electrification, digitalisation and circularity. A reinterpretation of the model’s typical design goes hand in hand with the progress embodied by the Vision automobile. A transparent design language lowered to the necessities with beneficiant surfaces and few placing traces creates an nearly monolithic physique. Characteristic options such because the BMW radiator grille and the Hofmeister kink counter-swing on the C-pillar. are introduced into even sharper focus.

In the inside, the subsequent era of BMW iDrive presents a singular digital person expertise that merges the true and digital worlds. It persistently places the motive force and his wants on the centre. In addition to the multifunction buttons on the steering wheel and the Central Display, the motive force can work together with the automobile utilizing the revolutionary BMW Panoramic Vision. For the primary time, it initiatives data throughout all the width of the windscreen and is complemented within the Neue Klasse collection by the improved BMW 3D Head-Up Display. Analogue controls are lowered to a minimal within the BMW Vision Neue Klasse.

The elevated use of secondary uncooked supplies, resource-conserving manufacturing strategies and all-electric drive with sixth-generation BMW eDrive expertise will scale back the CO2 footprint of the Neue Klasse over all the life cycle of the automobiles. In order to extend recyclability and take a decisive step in direction of a round financial system, the number of supplies used has additionally been lowered. An improved dismantling idea additionally helps to optimise the recycling of Neue Klasse automobiles.

World premiere: The new BMW i4, the brand new BMW 4 Series Gran Coupé.

The attraction of pure electrical premium mobility can also be being persistently enhanced within the present mannequin vary of the BMW model. The BMW i4 shall be out there in 4 mannequin variants on the world’s automotive markets as a part of an in depth mannequin revision. The Connected Home Charging Package for clever, solar- and load-optimised charging at residence shall be provided within the first pilot markets. The BMW i4 additionally presents the Plug & Charge Multi Contract operate, which permits charging at quick charging stations with out an app or card.

The newest advances in digitalisation are represented by the newest era of BMW iDrive with QuickSelect based mostly on BMW Operating System 8.5, which is offered in each the brand new BMW i4 and the combustion engine fashions of the brand new BMW 4 Series Gran Coupé. With the BMW Curved Display and the BMW Intelligent Personal Assistant, the improved BMW iDrive is persistently geared in direction of operation by way of contact capabilities and pure speech. The digital replace within the new BMW i4 and the brand new BMW 4 Series Gran Coupé is accompanied by a redesign of the instrument panel. New steering wheels, inside trims and seat upholstery add fashionable accents to the premium atmosphere of all mannequin variants.

On the outside, the sporty profile of the premium mid-range fashions, that are extraordinarily profitable with each all-electric and standard drive methods, has been sharpened by the redesign of the BMW radiator grille and headlights. In conjunction with the non-compulsory adaptive LED headlights, all fashions additionally characteristic unique laser hind lights. The vary of exterior colors for the BMW i4 and the BMW 4 Series Gran Coupé has been prolonged to incorporate the brand new Cape York Green metallic and Fire Red metallic variants. New aerodynamic 19-inch and 20-inch wheels are additionally out there.

World premiere: the brand new MINI Aceman.

With its all-electric drive, progressive crossover proportions and revolutionary digital options, the brand new MINI Aceman brings contemporary impetus to the premium small automotive section. It combines the model’s hallmark agility with artistic use of house and excessive performance, making it the perfect companion within the metropolis. With 4 doorways and a big tailgate, the MINI Aceman is simply over 4 metres lengthy and presents room for 5 passengers and loads of cupboard space for on a regular basis use and weekend excursions.

As a personality in its personal proper, the MINI Aceman appeals to prospects who worth the expression of individuality and character in an city atmosphere. Its lowered, purist exterior design with clearly outlined contours and powerful edges is an expression of the brand new MINI design language “Charismatic Simplicity”.

The clever inside idea maximises house by cleverly arranging seats and stowage compartments to benefit from the out there room. The expressive and vibrant inside design is made attainable by means of high-quality supplies and revolutionary applied sciences such because the 3D knitting course of for the textile surfaces. The MINI Interaction Unit with round OLED show, MINI Experience Modes and dynamic projections on the dashboard and door sills present a holistic person expertise of sunshine, movement, interplay and sound.

BMW

BMW Group enters subsequent section with Catena-X: carbon measurements from uncooked materials by way of to finish product modelled in an information chain for the primary time.

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Munich / Hanover. The BMW Group showcased present fields of software for the Catena-X information ecosystem on the Hannover Messe on Wednesday. Working along with companions and suppliers, the corporate has modelled a whole information chain for the primary time utilizing real-world CO2 information from the manufacture of the long-lasting kidney grille on the BMW iX. The firm additionally demonstrated the advantages of data-driven high quality work. 

“We – the BMW Group and our partners – will use the radical new collaboration approach embodied by Catena-X to improve our value creation processes within the context of sustainability, supply security and quality – and at the same time reduce costs,” introduced Oliver Ganser, Vice President Digitalisation of the Purchasing and Supplier Network on the BMW Group and Chairman of the Board of Catena-X e.V., on the Hannover Messe. “The more national and international companies come on board, the greater the added value for all concerned,” added Ganser.

Catena-X makes its debut in manufacturing.
At BMW Group Plant Landshut, the corporate is piloting data-based vitality consumption measurement within the manufacture of an entire part for the primary time. “Together with our partners, we are using the Catena-X data ecosystem to calculate the product carbon footprint (PCF) of the kidney grille on the BMW iX,” defined Sabrina Schrangl, Project Lead Catena-X BMW Group Component Manufacturing. The iconic kidney grille on the BMW iX serves as an optimum software instance right here resulting from its complexity.

The PCF is calculated based mostly on the Catena-X rulebook and covers all “grade-to-gate” emissions generated throughout the product’s manufacture – beginning with the extraction of the uncooked supplies, by way of the emissions generated within the provide chain to the manufacturing processes on the manufacturing facility. Here, the companions use the Catena-X-certified CO2 software from Siemens AG, which permits information alternate (based mostly on the Catena-X calculation logic) and connectivity between Plant Landshut and high-performance plastics provider Covestro AG.

Looking additional forward, the intention might be to file all information till the top of the life cycle (cradle-to-grave) and so allow a round economic system throughout industries over the long run.

Catena-X permits improved high quality on the BMW Group by utilizing a data-driven as an alternative of hardware-based method.
By introducing a shared “language” for all corporations within the automotive worth chain, the info ecosystem permits clean alternate of knowledge. Catena-X members can use this information of their high quality assurance processes to hold out an early-warning evaluation based mostly on subject information. At current, the BMW Group exchanges information with Robert Bosch GmbH on the particle sensor and steering gear, amongst different issues. In this fashion, patterns and anomalies will be recognized as much as 4 months earlier, usually earlier than an error or fault happens. In the long run, we are going to look to exchange various cooperation channels with Catena-X in an effort to allow fast, resource-efficient implementation within the space of high quality assurance.