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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.

Motorsport

A Laguna Seca Crash Completely Destroyed This Gunther Werks Porsche Prototype (Update)

Update: A press release from Gunther Werks relating to the accident has been added to the story.

A modified Porsche 911 from California resto-modder Gunther Werks crashed closely at Laguna Seca throughout testing final week. A consumer within the r/Porsche Subreddit posted a picture of the damaged car, a growth mule for the company’s new Turbo model, a 750-horsepower 993, on a flatbed. On Instagram, Gunther Werks confirmed the “incident” and that the driving force is “okay.”

Motor1 reached out to Gunther Werks for extra info, and the corporate offered this assertion:

Gunther Werks has continued to check the Turbo Mule growth prototype forward of manufacturing, which is slated to start supply later in 2024. Development testing at racetrack poses inherent threat, and sadly our growth prototype was concerned in an on-track incident at WeatherTech Raceway at Laguna Seca throughout a two-day session on March nineteenth and twentieth, 2024.

While testing, our crew put the Turbo Mule via strenuous challenges as a part of this program. Fortunately everybody escaped with none damage, the driving force obtained clearance by the trackside security crew, and no different automobiles have been concerned. The driver was checked by an off-site medical skilled and cleared. Despite this being a avenue automotive for the restricted function of growth, the driving force was carrying full FIA racing gear, together with a hearth swimsuit, helmet, and a HANS system for the whole lot of testing.

In the curiosity of full transparency, we will verify that the automotive skilled a substantial quantity of injury. Specifically, the Turbo Mule’s roof was impacted as a consequence of a rollover. It is necessary to notice that the event prototype was not but fitted with Gunther Werks’ carbon fiber roof panel that buyer automobiles obtain; nor was it geared up with a roll cage, as we don’t match them to buyer commissions, with the emphasis on the automobiles being road-going and never race automobiles. A chassis stiffening bar was put in within the rear cabin, along with a harness bar with harnesses and an FIA-rated seat used throughout the check. The automotive was additionally fitted with a hearth suppression system.

At Gunther Werks, security is simply as paramount as efficiency. Rest assured that we’re actively retrieving all information, totally reviewing the findings with our crew, and understanding how and why the incident occurred to make sure the manufacturing model is protected as attainable and performs as anticipated.

Gunther Werks is a household and a very powerful factor to us is that our driver sustained no damage. We are happy with our crew and their dedication. We respect all of our followers and motoring fanatics for his or her continued help and understanding.

 

On Instagram, the corporate mentioned “Unfortunately, the second day of testing was cut short when the GW Mule went off-track and sustained incident damage. Goals were achieved, times were set, cars are repairable, and lessons are valuable.”

“We are grateful everyone is okay and look forward to getting back to HQ to apply everything we learned this week for the next track day soon.”

 

The Reddit consumer claims that it was Patrick Long, a longtime Porsche manufacturing unit driver and model ambassador, driving. We requested Gunther Werks to verify whether or not that is the case, however, Long did publish on an Instagram story that he’s having fun with “[a] much needed R+R break with the family. All is well.” Long is understood to do growth work with the corporate, driving one in all its automobiles at a Laguna Seca Corkscrew hillclimb occasion.

While the Gunther Werks Turbo makes use of a 993 physique shell, a lot of the panels are made out of carbon fiber. A Road & Track story notes that the automotive prices round $1 million.

Photo: Gunther Werks

BMW

Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, BMW Group Annual Conference 2024

Statement Part I – Vision Neue Klasse X

 

Ladies and Gentlemen,

In 1999 — 25 years in the past — BMW offered the primary X5, and with it established the sporty SAV section. Since then, the X Family has been a pillar of the BMW model, with round 12 million X autos bought worldwide. Today, the X household covers all buyer needs on this section — from the premium compact class with the X1 to the luxurious class with the X7 and XM.

Now, the BMW Vision Neue Klasse X appears forward to the way forward for BMW and a very new technology of BMW X fashions. This future doesn’t begin on some far-off date – it begins subsequent yr, after we flip imaginative and prescient right into a actuality that our clients can expertise for themselves.

Last yr, we offered the BMW Vision Neue Klasse on the IAA Mobility, an outlook of what a sporty sedan from the NEUE KLASSE might appear like. Because we aren’t simply ramping-up e-mobility in area of interest fashions – however in our most profitable, highest-volume segments.

From 2025 on, we anticipate demand for all-electric autos to extend considerably. That is exactly after we will probably be releasing the NEUE KLASSE onto the market. The NEUE KLASSE represents a begin into a very new mannequin technology. It is redefining the BMW model. With the NEUE KLASSE, we’re taking BMW into the long run:
in design, expertise and the philosophy of the model.

For the primary time, we’re showcasing the systematic implementation of the automotive {industry}’s three main areas of future mobility mixed. This means: electrical, absolutely digital, and with a transparent give attention to sustainability. We have considerably improved every of those elements.

Take the sixth technology of our battery cells, which we are going to use for the primary time within the NEUE KLASSE: Quantum leaps in vitality density will present our clients 30 per cent extra vary and 30 per cent quicker charging. The potential of digitalization can be skilled within the NEUE KLASSE in completely new methods. This is made potential by 4 utterly new digital management models. Each one comes with computing energy that’s as much as ten occasions quicker than present methods.

Our utterly redesigned iDrive redefines the interface between people and machines. At the identical time, we’re additionally making spectacular advances within the area of sustainability.

We are turning all of the dials. In this manner, we will considerably cut back our merchandise’ carbon footprint and transfer even nearer to round use of uncooked supplies. We are sticking to this path – additionally as a result of our clients anticipate it from us.

And a very powerful factor is: These developments don’t simply profit the NEUE KLASSE, they profit all future BMW fashions.

Ladies and Gentlemen,

All of this exhibits that: With the NEUE KLASSE, we aren’t simply opening the following chapter within the historical past of mobility – we’re writing an entire new e-book: More Sheer Driving Pleasure. More digital experiences.

More sustainability.

In different phrases: More BMW than ever earlier than.

Statement Part II – company messages

 

Ladies and Gentlemen,

You definitely couldn’t ask for extra BMW or extra future! With the NEUE KLASSE, we’re rethinking particular person mobility from the bottom up. And what’s extra constant than to use this new method to every little thing that defines the core of the BMW model?

First of all, that refers back to the BMW X philosophy embodied by the BMW Vision Neue Klasse X. But sportiness can be on the coronary heart of each BMW. And it’s this attribute that the BMW Vision Neue Klasse utterly reimagines in a sporty sedan.

Today, you possibly can see each Vision Vehicles collectively on one stage for the primary time. On the one hand, it exhibits how constant the NEUE KLASSE is – by way of design, expertise and the related parameters for sustainability. On the opposite, it demonstrates how broad the NEUE KLASSE is. Here, you possibly can see the 2 bookends of what we will think about. But there’s nonetheless loads of room for different fashions and improvements in-between.

I can promise you at the moment that: We will probably be taking each of those Vision Vehicles from the stage to the roads in a really comparable type very quickly. At least six completely different NEUE KLASSE fashions will probably be launched within the first 24 months following the beginning of manufacturing. I name this an unprecedented and extremely bold timeline. But if anybody can do it, then it’s us at BMW.

The NEUE KLASSE will considerably speed up our ramp-up of e-mobility as soon as once more. But BEVs – together with our fashions within the higher premium and luxurious section – are already our largest development drivers. Last yr, we bought greater than 375,000 all-electric autos.

This yr, as soon as once more, our fully-electric autos ought to see important double-digit development.

We will quickly have bought multiple million BEVs worldwide. Including plug-in hybrids, we already handed the milestone of two million electrified autos. Plug-in hybrids are particularly common with our European clients. That is among the explanation why it solely took us simply over two years to double our general xEV deliveries from one to 2 million.

For the BMW Group general, we’re anticipating a slight enhance in gross sales in 2024. The basis for that is our big selection of drive applied sciences, all of which we’re systematically additional creating.

In this manner, we will guarantee we all the time supply the correct services on the proper time.

This additionally considerably reduces our carbon footprint. At the top of 2023, we outperformed the CO2 restrict set for us by the European Union by greater than 20 %. This exhibits that our technique not solely displays buyer necessities, but in addition ensures efficient CO2 discount. Climate safety can’t be achieved efficiently if it doesn’t take buyer wants into consideration. It simply does not work. That is why we consider a complete evaluation of CO2 fleet laws within the EU is important. Regulatory frameworks that ignore buyer wants and market realities can’t be profitable.

Especially, if they’re unable to create the required situations for different applied sciences. Then, they solely present goals however exclude potential options. By the top of this yr, we may have greater than 15 fully-electric fashions in our line-up – from MINI, BMW and
Rolls-Royce in addition to BMW Motorrad.

No matter if on two wheels or on 4 wheels – we all the time supply the very best of every little thing. As promised, we provide at the least one all-electric mannequin for each model in addition to in each one in every of our core segments. This dynamism is mirrored in our share of the worldwide BEV market: At 4.1 %, it’s already considerably larger than our share of the entire international market, which is at 3.3 %.

We nonetheless anticipate half our deliveries to be all-electric earlier than 2030. However, development in BEVs worldwide is just not linear. That was all the time clear to us. Development is risky and market-specific, on account of a number of elements. We stay as versatile as potential – that has been our technique for years and we’ve got mirrored that effectively in our architectures. We proceed to prudently steer our BEV ramp-up consistent with differentiated demand in international areas. And we’ve got been profitable.

For us, you will need to all the time keep a sensible view of the event of e-mobility. BEV development doesn’t profit from a purely ideological method, however from long-term planning and constant implementation of objectives. That is why we’re creating the best-possible situations for this in our manufacturing community and provide chain – on a world scale.

The first manufacturing autos of the NEUE KLASSE will begin rolling off the road at our new Plant Debrecen within the second half of 2025. That is the place the primary SAV mannequin on our new fully-electric structure will probably be launched. The sporty sedan, however, will ramp up from 2026 at our Plant Munich, which we’re at the moment gearing up for the beginning of manufacturing.

Every second BMW produced at Plant Munich is already absolutely electrical at the moment. From late 2027 onwards, our greater than 100-year-old important plant will completely construct electrical autos. We may even be manufacturing the NEUE KLASSE at our vegetation in San Luis Potosí, Mexico, and Shenyang, China. This completely demonstrates: Whether at a greenfield website or a standard location, whether or not in Europe, Asia or the Americas – we’re mastering the complexity and main all our manufacturing websites into the long run.

As , to grasp e-mobility you want highly effective batteries.

We have made it our mission to grasp each side of battery cells – from cell composition and cell format, all the best way to industrial manufacturing.

We are capable of recreate your complete course of at our Battery Cell Competence Centre in Munich and the Cell Manufacturing Competence Centre in Parsdorf in Bavaria.

We are additionally making use of our native for native precept to cell manufacturing for our batteries. Facilities will probably be situated in direct proximity to our car vegetation. This has led us to construct our personal manufacturing amenities for Gen5, as we at the moment are doing in Thailand, and for the sixth technology of BMW high-voltage batteries in Hungary, the US, Mexico and China. This ensures brief transport distances and secures our provide towards unexpected occasions across the globe.

From 2026, Gen6 batteries for our vegetation in Bavaria will come from our new location in Irlbach-Straßkirchen. Establishing an industrial website like that is not a simple course of – particularly in Germany. We sought frank and open dialogue with residents within the early levels and defined the sustainable design and benefits of our location in Lower Bavaria to them.

This is how we construct belief. We are very happy that residents voted strongly in assist of our new website. We see this as affirmation of our efforts. The way forward for e-mobility additionally entails integrating autos into the facility grid: With the NEUE KLASSE, we’re introducing bi-directional charging, which we’ve got already examined extensively. Our clients can feed electrical vitality saved within the car again into their very own home, electrical units like your e-bike or the general public energy grid: This lowers electrical energy prices and helps stabilise networks.

As you possibly can see: With the NEUE KLASSE, we’re taking mobility to a brand new stage and, on the similar time, changing into a wholly new firm.

All BMW fashions will profit from the improvements of the NEUE KLASSE.

That means: In the close to future, you’ll recognise the NEUE KLASSE in each BMW.

Our BMW Motorrad model is effectively on its approach to emission-free mobility in city areas. I wish to experience a motorcycle myself, each time I’ve the time. So, I’m delighted that we’re launching many new fashions this yr. Three of them stand out significantly:

Here, you possibly can see the brand new CE02.

It is the second fully-electric mannequin after the CE04, standing subsequent to it, which is the undisputed market chief in its section. There is one thing particular in regards to the new CE02 that makes it significantly interesting to younger folks: In Germany and different international locations, you solely must be 15 to experience it.

The M 1000 XR is already the second M bike mannequin.
There are additionally a variety of followers eagerly awaiting the R 1300 GS Adventure. A complete providing on two wheels: Whatever clients are in search of, they’ll discover it at BMW Motorrad.

Just like BMW Motorrad, our MINI model has a passionate fan group across the globe. With our NEW MINI Famliy we’re taking the model into a brand new dimension. Just because the NEUE KLASSE is doing for the BMW model.

Now, MINI is gearing up for a world premiere: the Aceman.

This would be the third member of the NEW MINI Family and the primary MINI we’re providing completely as an all-electric car. Even if it’s nonetheless camouflaged — I can promise you: It is unmistakeably a MINI – in and out: signature design, go-kart feeling and digitally in tune with the occasions. And all this mixed with a minimal ecological footprint. That describes not solely the Aceman, however your complete New MINI household.

The Aceman fills the hole between the Cooper and the Countryman, which has grown considerably larger. The all-new Countryman has been effectively obtained – whether or not with a combustion engine or all-electric. And the all-new Cooper, which will probably be out there beginning in May, is already bought out for the following 4 months.

Our NEW MINI household will probably be constructed at our Spotlight three way partnership in China; in Oxford, UK, and, for the primary time, in Germany, at Plant Leipzig. In the second half of the yr, we are going to launch the all-new MINI Convertible which many followers are eagerly ready for.

Together with the 5-door MINI Cooper, our NEW MINI household will then be full. And now let’s bounce from one finish of our portfolio to the opposite. From the MINI typical Go-Kart-Feeling to our ultra-luxury marque.

Spectre* is the primary battery-electric Rolls-Royce mannequin to hit the showrooms. With its all-electric drive practice we’re bringing the driving expertise at Rolls-Royce to an entire new stage: that feels easy identical to a magic carpet experience.

We have by no means had so many pre-orders for a Rolls-Royce mannequin. This exhibits that our unique clients acknowledge how completely Rolls-Royce and electrification match collectively. Rolls-Royce is an unparalleled success story. Our luxurious model, with its distinctive product portfolio, has by no means been as sturdy and as differentiated as it’s at the moment. And let’s not overlook the numerous contribution margin it earns for the corporate.

And, now, Ladies and Gentlemen, as promised:

the brand new BMW 5 Series Touring!

BMW is the place Touring meets e-drive: No one else on this section has a car like this on supply. The i5* Touring will probably be out there from May. It delivers an electrical vary of over 500 kilometres and is particularly common in Europe.

The 5 Series Sedan and the i5 may even be out there completely in China with an extended wheelbase. Both will probably be constructed at BMW Brilliance Plant Dadong.

Our high-performance model BMW M additionally presents a technological spectrum: With the i4 M50*, the i5 M60* and the i7 M70* we’ve got
three all-electric fashions on supply. And by the best way, the all-electric i4 M50 is but once more our best-selling M mannequin.

This yr, followers can particularly sit up for the brand new version of the M5 – first, as a sedan, and later, additionally as a Touring. Both M variants include a powerful partially electrified drive practice. With the BMW M hybrid system, they’re able to drive greater than 70 kilometres on electrical energy alone.

Our plug-in hybrids stay an essential factor of our drivetrain portfolio. Why? Because they supply a lift to e-mobility that shouldn’t be underestimated. Many clients uncover and are available to understand the benefits of electrical driving on this manner.

The 5 Series and the 5 Series Touring are concrete examples of how BMW is implementing quite a lot of drivetrains to satisfy very numerous buyer wants.

All of that is based mostly on our versatile structure, which allows us to cowl your complete spectrum: from highly effective BEVs to good plug-in-hybrids to extremely environment friendly combustion engines and high-performance M fashions.

The success of this method has been mirrored in our key figures for a number of years — in gross sales and revenue margins. With our broad technological method we’re already considering one step forward: We have been testing the BMW iX5 Hydrogen* in chosen international locations underneath on a regular basis situations since final yr.

Our pilot fleet’s world tour has raised consciousness of the position hydrogen can play within the vitality transition – not only for mobility, however industry-wide. Our autos carried out effectively underneath varied local weather and site visitors situations, and the general public response has been overwhelmingly optimistic.

This was no shock to us, since hydrogen gasoline cell drivetrains mix the very best of each worlds: the benefits of an emission-free e-drive with the quick refuelling individuals are used to. That’s why we see hydrogen as a further different drive expertise that would make a variety of sense within the mid to long run.

For us, our aspiration to be sturdy tomorrow means being already sturdy at the moment.

This is particularly true of the brand new version of our best-selling X mannequin, the BMW X3, which will probably be launched later this yr. The new X3 will probably be out there with a selection of extremely environment friendly combustion engines or as a plug-in hybrid.

At the identical time, we’re making ready for the following main leap: The NEUE KLASSE is constructed on a separate new structure – already tailor-made at the moment to the electrical autos of tomorrow. This allows us to make the very best use of economies of scale as demand for electrical fashions grows.

Vehicle architectures are essential, however they aren’t the decisive lever – that might be our expertise clusters. They allow improvements and technological advances to be scaled effectively throughout all architectures. Behind it is a modular precept that enables us to roll out applied sciences to completely different car ideas and segments.

This ensures that the improvements of the NEUE KLASSE will profit your complete BMW mannequin line-up within the coming years.

We don’t divide our merchandise into “old” and “new”, however all the time supply our clients the newest expertise – whatever the car’s powertrain.

We are utilizing the NEUE KLASSE as our innovation and expertise booster for your complete portfolio and for all main future mobility subjects that we implement in our autos, together with design.

The NEUE KLASSE is our impulse, initiator and enabler to roll out new applied sciences over the following few years. As you possibly can see: We will proceed to serve all markets based on their wants, offering prime merchandise in all segments. The full vary of 4 drive applied sciences, no matter which structure they’re constructed on, is only one side right here.

The BMW Group is a tech firm. The means to handle this complexity, to orchestrate, scale and additional develop applied sciences is among the BMW Group’s biggest strengths and a novel promoting level. With this in thoughts, we provide our clients the very best, coherent general bundle. That is our aspiration and our purpose. It may even be a very powerful secret ingredient in our firm’s success.

We already showcase our revolutionary energy in automated driving with fashions just like the BMW 5 Series and BMW 7 Series. The new BMW 5 Series is the primary automobile in Germany accepted for partially automated driving at as much as 130 km/h on motorways. A very new function is the Active Lane Change Assistant with eye affirmation. The driver merely glances briefly within the exterior mirror and the automobile modifications lanes.

Starting in March 2024, our clients will have the ability to expertise Level 3 extremely automated driving within the BMW 7 Series. This means you possibly can let go of the wheel and briefly flip your consideration to one thing else.

Your 7 Series takes care of pace and distance management all
by itself, in addition to lane monitoring.

The steps to automated driving is among the three important tales on the web model of the “BMW Group Report 2023”. I invite you to click on by means of our on-line report. Our award-winning on-line Report will as soon as once more offer you a compact overview of every little thing we’re engaged on. You can expertise what strikes us and also you check out our interactive KPI calculator. Just just like the title says:
Driving the NEXT ERA.

Our spectacular Vision Vehicles present the path by which we’re taking mobility, consistent with the key subjects of the long run. The most essential side for our clients is: What does it really feel like on the street?

In the Board of Management, we already obtained to drive a pre-series mannequin of the NEUE KLASSE. We all agree that: It is Sheer Driving Pleasure at an entire new stage. This is one thing solely we will do! It is often BMW.

Lots of people speak about transformation. That is when one factor replaces one other. But, in our {industry}, it’s extra a case of issues taking place on the similar time: Parallel approaches that also unmistakably transfer us forwards. That is why the BMW Group is dedicated to steady and simultaneous progress – by means of daring leaps in innovation and accountable motion.

And that brings us full circle:

Strong at the moment – and powerful tomorrow.

Thank you!

Motorsport

Hyundai Kills All N Gasoline Performance Cars In Europe

Pour one out for Hyundai’s gasoline enjoyable vehicles in Europe. In a press release made to Motor1 Deutschland, a spokesperson for the corporate’s German division confirmed manufacturing of N fashions that feed on gasoline on the Old Continent will finish through the first half of 2024. It successfully means the i20 N, i30 N, and the lesser-known i30 N Fastback are being axed. However, in case you hurry, there is perhaps a number of out there in inventory.

“Hyundai Motor has decided to cease production of ICE N models for the European market during the first half of the year. This follows the brand’s commitment to offer European customers a zero-emission product range by 2035 and to be 100 percent carbon neutral in all phases of car production and operation by 2045. In Germany, the versions of the i20 N and i30 N are still shown in the configurator on hyundai.de and will continue to be available in dealerships this year (until probably the end of the year depending on the numbers available in stock).”


Motorsport

Mercedes Denies Telling Dealers It’s Chasing Volume With Cheaper Gas Cars

Update: A Mercedes-Benz spokesperson provided an announcement, saying “Our long-term technique is to go all electrical sooner or later the place market circumstances permit. In the quick/close to time period, we’ll leverage the energy of our high finish car portfolio (TEV); and steadiness the quick time period with tactical flexibility on ICE, EV, PHEV to maximise progress alternative and native market calls for.

We are poised to speed up progress in core segments this 12 months by advantage of latest merchandise like E-Class, stronger provides of GLC (vs. 2023 shortages) however nonetheless have loads of high-end launches with S63e, G-Class, G-Class Electric and AMG GT.

In 2024 our lineup will profit from 25 new merchandise, together with all new fashions in core segments. This is along with our long run objectives and emphasis on top-end segments.”

Mercedes’ 2022 “Economics of Desire” technique outlined a shift in the direction of extra worthwhile high-end autos. It allotted over 75 % of R&D funds for merchandise competing in probably the most worthwhile market segments, together with the “Top-End” vehicles such because the S-Class, SL, and G-Class, in addition to the AMG and Maybach manufacturers. However, Automotive News experiences the three-pointed star could be reversing its upmarket push within the United States.

While the wealthy could get richer, Mercedes allegedly conveyed to sellers at a gathering in Las Vegas this month that 2024 would be the 12 months when the main focus shifts to lower-priced vehicles to drive gross sales. According to a seller who attended the assembly, an government for the German luxurious model acknowledged: “Last year was about profitability; this year is about sales growth.” The plan is to extend the availability of gasoline and hybrid vehicles, counting on the C-Class and E-Class, together with the equal GLC and GLE, to be their bread and butter.


Motorsport

Is Alfa Romeo Teasing An Electric Tonale?

# Is Alfa Romeo Teasing An Electric Tonale?

“A new era begins” for [Alfa Romeo](https://www.motor1.com/alfa-romeo/). That’s quite a bold statement, but the Italian manufacturer has released a new teaser image that promises something very exciting. The teaser shows a taillight signature that likely belongs to the [Tonale](https://www.motor1.com/alfa-romeo/tonale/).

The Tonale’s lineup already offers something for everyone’s taste. Depending on the market, it is sold with gasoline, diesel, mild hybrid, and plug-in hybrid powertrains. The only thing missing from the puzzle is the fully electric model. Although it hasn’t been officially confirmed yet, the slogan in the new teaser hints at something radical for Alfa Romeo.

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BMW

Statement by Walter Mertl, Member of the Board of Management of BMW AG, Finance, on the Quarterly Statement up to September 30, 2023

– Check against delivery –

Slide 2: BMW Group Quarterly Statement up to September 30, 2023

Good morning, ladies and gentlemen!

Slide 3: Highlights of BMW Group Performance in Q3 and YTD September

The BMW Group had a strong performance in the third quarter with solid sales growth and positive financial key figures.

In the third quarter, the Group’s EBT margin was 10.6%, and for the nine-month period from January to September, it was 11.9% – surpassing the strategic target of 10%.

The Automotive Segment’s EBIT margin was 9.8% for the third quarter and 10.3% for the year up to September. Without depreciation of BBA assets, the margins were 10.8% for Q3 and 11.4% for nine months.

After a successful third quarter, the BMW Group expects a positive business development in the fourth quarter. All segments are on track to meet their goals for the year.

Now, let’s take a closer look at the business figures for the third quarter and the first nine months.

Slide 4: BMW Group in Q3

Starting with the Group figures, the earnings before tax for the third quarter were consistent with last year, at just under 4.1 billion euros. The year-to-date pre-tax earnings decreased by about 6.8 billion euros, but this includes a one-time income from the revaluation of equity interests in BBA last year. Looking at the underlying operating result, Group earnings were 900 million euros higher year-on-year in the first nine months.

Slide 5: Automotive Retail units, BEV units, Auto revenue and Auto EBIT

Now, let’s focus on the Automotive Segment. In the third quarter of 2023, the BMW Group delivered just under 622,000 vehicles to customers, a 5.8% increase compared to the previous year. Year to date September, deliveries rose 5.1% to around 1.84 million vehicles.

The order books are filled, and new models like the BMW 5 Series will contribute to future sales growth. The BMW Group sold around 94,000 all-electric vehicles in Q3 and just under 247,000 for the nine-month period. The share of battery-electric vehicles in total sales continues to grow, reaching 15.1% in Q3. The sales of all-electric vehicles are expected to receive a further boost from the launch of the new BMW i5 in the fourth quarter.

The Automotive Segment’s operating result for the third quarter was just over 3.1 billion euros, with an EBIT margin of 9.8%. Year to date September, the EBIT margin was 10.3%.

Slide 6: Automotive Segment EBIT in Q3

Looking at the Automotive Segment’s operating result in more detail, the year-on-year comparison shows that Q3 2023 was impacted by currency and raw material positions, mainly due to currency translation effects from the Chinese renminbi. Higher vehicle sales, favorable model mix, and pricing effects contributed to a tailwind. Research and development expenses increased, reflecting investments in electrification, digitalization, and new models. Sales and administrative costs also increased, partly due to digitalization projects. Other cost changes included material and logistics costs.

Slide 7: Automotive Segment Free Cash Flow in Q3

Free cash flow in the Automotive Segment was 2.6 billion euros in the third quarter. The strong quarterly result and change in working capital contributed to this figure. Capital expenditure and depreciation had a negative impact, while changes in provisions and other items boosted free cash flow. At the end of September, free cash flow stood at around 5.8 billion euros. In the fourth quarter, there will be a significant increase in capital expenditure, and costs and higher tax payments will weigh on free cash flow.

Slide 8: Financial Services Segment YTD September

In the Financial Services Segment, new financing and leasing contracts with retail customers decreased by 5.6% year to date September, mainly due to higher interest rates. However, new business in financial services showed a positive trend in Q3, with contracts with end customers rising by 5.7% compared to Q3 2022. Segment earnings before tax decreased by 8.3%, reflecting higher refinancing costs and a smaller total portfolio size.

Slide 9: Motorcycles Segment in Q3

In the Motorcycles Segment, sales in the third quarter were on par with the high level of Q3 2022. The EBIT margin for the quarter was -0.6%, and for the first nine months, it was 12.0%.

Slide 10: Outlook 2023

The BMW Group expects stable business development for the rest of the year and confirms its guidance for the financial year 2023 for all segments, assuming geopolitical and macroeconomic conditions do not significantly deteriorate. In the Automotive Segment, a solid increase in deliveries is planned, with an EBIT margin between 9 and 10.5% and a Return on Capital Employed (RoCE) between 18 and 22%. The Motorcycles Segment is projected to report higher sales, with an EBIT margin between 8 and 10% and a RoCE between 21 and 26%. The Financial Services Segment aims for a Return on Equity (RoE) between 16 and 19% for the full year.

Slide 11: BMW Group performs as it transforms

The BMW Group’s third-quarter results showcase its performance capabilities. With an attractive product portfolio and a long-term strategy, the Group remains cautiously optimistic about the future. Continuous profitable growth and disciplined cost management support the BMW Group’s business success and investments in emission-free mobility. The Group’s financial strength allows it to shape its own future and create value.

NewsNew

2024 KTM 450SX: FULL TEST

KTM is currently the dominant player in the dirt bike industry. They offer more off-road models than all the Japanese brands combined. The 2024 450SX-F is the flagship model among their extensive lineup. It has been driving technological advancements in its class for the past decade. Although it remains unchanged for 2024, it has undergone a major makeover in the previous year. Let’s see how it performs.

Pete Murray on the 2023 KTM 450SX-F.

RISKS AND REWARDS
When the new-for-2023 KTM 450SX-F was introduced, it received a mix of praise and concern. The frame had been completely redesigned with different flex characteristics and a lower output shaft to improve anti-squat behavior. The motor featured significant changes in the head and throttle body. A new map switch on the handlebar allowed riders to choose between aggressive and mild maps, as well as access traction control and Quickshift. The shock was also redesigned, while the fork remained the same with new valving. However, the bike’s weight increased by around 6 pounds.

There were concerns among riders who were loyal to the previous version of the bike. They felt that the new frame was stiffer, possibly favoring Supercross-style riding. When it was revealed that even Cooper Webb struggled with the new machine, complaints escalated. Nevertheless, the 2023 version is now said to be unchanged, apart from graphics. Riders have had to adjust their riding style and expectations for the bike.

MSRP for the 2024 KTM 450SX-F is $11,099.

GETTING REACQUAINTED
It’s important to note that the KTM 450SX-F is a highly powerful motorcycle. In the 2023 450 shootout, it recorded the highest horsepower on the dyno at 59.94 horsepower, followed closely by the Husqvarna FC450 and Yamaha YZ450F. What sets the KTM apart is not just its peak output, but also its smooth and controllable power delivery. The power buildup is linear, with an early peak. While it doesn’t require high revs, it demands respect. The 450SX-F has great low-end torque, allowing riders to short-shift and avoid pushing the bike too hard. However, it requires a cautious approach to avoid stalling out, especially during hard braking or sudden throttle openings at low RPMs. Overall, the bike requires a precise right wrist.

KTM provides two map options, which can be selected on the handlebar. The white map offers smoother power delivery, while the green map allows for freer revving. The difference in peak horsepower between the maps is minimal. The bike also offers traction control, although opinions on its usefulness vary among riders. The Quickshift feature, which momentarily interrupts the ignition during shifts, can be very effective if used correctly. However, it is not frequently utilized in real-world riding conditions. Launch assist, which reduces output for better traction during starts and automatically deactivates after shifting to third gear or when the throttle is chopped, proves to be more useful for most riders.

ABOUT THAT CHASSIS…
Initial feedback on the new chassis was mixed when it was introduced a year ago. Many riders found it stiffer than the previous version, and it took time for them to adapt and unlock its potential. The 2023 GasGas MC450F, which retained the old frame, was seen as more flexible in comparison. However, over time, riders discovered that the new chassis offered improved performance. The 2024 model retains the same characteristics, excelling in cornering. It is easy to initiate turns and maintains a level attitude throughout. Despite being slightly heavier than the previous model, it remains lighter than its 450 class competitors. Notably, the KTM still uses the WP Xact air fork, which offers adjustability and light weight but may not provide the same level of comfort as other forks on the market. Feedback can be felt through the handlebars when encountering rough bumps. The choice to use air forks remains controversial, with some riders preferring traditional coil springs for stability. KTM’s XC cross-country models now come with coil-spring versions of the Xact fork, which have received positive reviews for off-road riding. This development raises curiosity about how they would perform in motocross settings.

Riders may initially find the rear suspension slightly rigid, but it improves over time as the frame settles in. The compliance issues associated with the frame’s stiffness gradually disappear after approximately 10 hours of riding. Once settled, the overall performance surpasses that of the previous version. The stock settings for sag are suitable for riders in the 170-pound range, with most riders preferring about 105mm.

THE AUSTRIAN CONNECTION
KTM is renowned for its use of high-quality suppliers, many of which are owned by KTM’s parent company. This includes WP for suspension and radiators, Pankl for engine internals, and other companies like Brembo, Neken, Dunlop, Twin Air, and Galfer. Their contributions ensure the overall quality of the bike but also come at a higher price tag. The 2024 KTM 450SX-F is priced at $11,099, reflecting KTM’s reputation as a leading brand.

Despite no changes for the year, the 450SX-F continues to gain prominence in the motocross market. Overall, it is clear that more riders are turning to KTM. These developments indicate positive changes for the brand as it continues to dominate the industry.

Motorsport

This Might Be The New Toyota Camry

Toyota is hinting at a new car with the statement “A new dawn is coming” and a dark image. While it’s unclear which car the company is teasing, the next-generation Camry appears to be the most likely candidate for a debut.

In the image provided by Toyota, the pointy running lights are clearly visible. On the passenger side of a brighter version of the picture, there’s a glimpse of the lower fascia, indicating a possible TRD version. The badge is prominently placed on the nose.

Toyota Vehicle Teaser Possibly Camry

According to a report from February 2023, the new Camry is expected to debut in 2024. This aligns with Toyota’s teaser campaign for the next-generation model. The brand previously used a similar strategy for the 2024 Tacoma pickup, releasing various images before the official unveiling.

Technical details about the new Camry are still limited. It’s said to be based on an evolved TNGA-K platform, but no information about the powertrain has been revealed. It’s likely that both internal combustion engines and hybrid options will be available.

As for the interior, since this is the first image of the vehicle, there are no specific details about its design. However, Toyota’s recent models, like the Prius and Crown, feature a large portrait-oriented infotainment screen on top of the center stack. The Camry is expected to continue offering advanced safety features.

The Camry is a crucial product for Toyota in the United States, consistently ranking among the best-selling vehicles. In 2022, it was the fifth best-selling car in the country, with 295,201 units sold. However, its popularity is not as high in Japan, where Toyota reportedly discontinued sales after it dropped below 6,000 units.

News

2024 BMW XM Label Red: Everything We Know So Far

The BMW XM Label Red is no normal BMW. In fact, it is no normal car. The XM exists as a fashion icon, as a statement. It is a car you will mostly see rolling down a high-end city street rather than taking kids to school. BMW named the Label Red the ‘Rock Star‘, which says a lot about the personality of this behemoth. The XM is based on the same architecture as the BMW X7, even featuring the same wheelbase. However, aside from the base of the vehicle, pretty much every other part is new, including the floors. Here’s what you need to know about the company’s most powerful M-model and an SUV that is pretty much a fashion item.

Information regarding the XM Label Red has been gathered from BMW and CarandDriver.

Related: 10 Reasons Why The BMW XM Label Red Is The Ultimate Super SUV

The BMW XM Label Red’s Design Is Bold And Controversial

At first glance, one can’t simply ignore the illuminated kidney grill. Now, depending on your taste, the size of the grille and the fact that it lights up is either insulting or amazing.

However, the rest of the car, even though huge, manages to look sporty yet elegant, which is a design not many SUVs manage to achieve. The bulging bonnet, raked windscreen, aggressive headlights, and slightly retro-looking roof lines make for an otherwise aesthetically pleasing design. Also, details such as the laser-engraved BMW logos in the rear window elevate the design to a whole other level. One thing to note is that the frozen black color with the red accents shown on the debut model is a color combination limited to just 500 vehicles.

XM Red Label Key Points

  • A unique aesthetic with distinctive red accents enhances visual appeal.
  • Its luxurious interior boasts extravagant details and advanced tech features.
  • Exclusive fashion-focused model with sporty, and luxurious design elements.
  • The XM strikes a design balance between luxury and aggressive sportiness.

Now, a part that is rather extravagant are the optional 23-inch wheels, which carry over the red and black accents from the rest of the vehicles. What’s for sure here is that you want to avoid potholes at all costs. That will be an expensive fix. Interestingly, BMW chose to stick with normal door handles here. That being said, the design of these “normal” door handles makes them look premium and fitting to the rest of the exterior.

Related: 10 Things To Know About The BMW XM

The Interior Is Tech-laden And Luxurious

BMW XM Label Red Interior
BMW

The interior of the BMW XM Label Red is much like the exterior: extravagant. The seats are half red-half black and, as the name of the vehicle suggests, there are red accents all over the place (the color combination can be had on all XM Models). Furthermore, the XM badges, M Steering Wheel, carbon fiber paddle shifters, M logos on the kick plates, aluminum pedals, M-specific dials, and much more make the Label Red feel sportier than the competition. Red-accented HVAC vents, stitched surfaces, a 12.3-inch digital gauge cluster, a 14.9-inch touchscreen with iDrive 8.5, a head-up display, and a 3D headliner, are some of the other niceties offered here.

On top of the dashboard, you get a huge, curved infotainment system that incorporates everything from the gauge cluster to the actual infotainment screen. The infotainment system itself can be a bit confusing, but you can plug in your phone and use wireless Apple Car Play or Android Auto. Ambient lighting is also plentiful, and the seats lean on the sporty side. The headliner does have a cool 3D look to it, but the truth must be said. The interior on the Label Red goes for a more extroverted “look at me” design. It isn’t subtle and elegant like the one on an Aston Martin DBX, for example.

Being an SUV, the interior is also practical with heated and cooled cup holders, a wireless charger, and plenty of storage space. The second row is a great place to be and might actually top the first row in terms of comfort. The seats are covered in leather and are soft and reclined, which makes them extremely comfortable. Of course, a center armrest is available, and so are climate controls and USB-C ports. A thorough passage to the trunk is also available and makes carrying longer items or grabbing something from the trunk much easier.

Related: BMW XM Label Red: All You Need To Know About The Most Powerful Road-legal BMW Ever

A Staggering 738 Horsepower At Your Disposal

BMW XM Label Red
BMW

Well, the power on offer from this vehicle is astonishing. However, firstly, we shall begin by giving you an idea of the size of the vehicle. The XM Label Red is on the same platform as the X7; however, it comes in at 1.96 inches shorter as it loses the third-row seats. That being said, it is still longer than an X5. Therefore, size-wise, it sits right in between the two. Worth noting is that the lines of the roof are also different and are a bit more reminiscent of a coupe rather than an SUV, like those of the X7 and X5 are.

Now to the exciting bits. The XM Label Red features a 4.4-liter V-8 paired with a hybrid system that, when combined, produces 738 horsepower and 738 pound-feet of torque. As you might have gathered from the above dimensions, this is no small SUV. It weighs an astonishing 6,062 pounds, which means its 0-60 time sits at 3.7 seconds. Sure, 3.7 seconds is by no means slow, but it definitely isn’t as fast as the power of the vehicle suggests.

BMW XM Red Label Specs

Engine

4.4-liter, twin-turbo V-8 hybrid

Horsepower

738 horses

Torque

738 pound-feet

Transmission

Eight-speed automatic

Drivetrain

Rear-biased all-wheel-drive system

0-60 mph

3.7 seconds

Top Speed

155 mph (175 mph with optional M Driver’s package)

Electric-only Range

30 miles

Charging Time (with 7.4-kW onboard charger)

3 hours and 15 minutes (estimated)

(Data sourced from BMW)

Of course, the XM Label Red also features an Adaptive M Suspension Professional and an M xDrive with M Sport Differential for all-weather grip and high-performance driving dynamics. At over 6,000 pounds, don’t expect it to feel like an M3. This, once again, is mostly a fashion exercise. People who want a proper driver’s car will never get an XM Label Red.

Related: 10 Reasons Why The BMW XM Is The Ultimate SUV

The Most Powerful M Product Ever

BMW XM Label Red
BMW

Pricing isn’t official yet, but expect the Label Red to be priced at over $185,000. Of course, there are plenty of cars and SUVs to get at that price tag, so making a case for an XM Label Red is rather difficult. However, one thing is for sure. If you want a car that offers great technology and also manages to look unlike anything else on the road (regardless if its uniqueness is perceived as good or bad), then the Label Red is a good choice. It is a car that will be at home on the most expensive streets in the world and is more of a “look at me” statement rather than a sporty SUV. You should know that BMW will make only 500 copies of this super SUV.

If, on the other hand, you want something more subtle and elegant, then, as you might have realized, this isn’t the correct choice. In that instance, a Rangie should do the job perfectly.

Source: BMW and CarandDriver.