+++ Corporate Communications and Governmental Affairs at BMW AG to restructure management team at departmental level with effect from 1 January 2025 +++
+++ Nicolas Peter will be proposed for election to the Supervisory Board at the 2025 Annual General Meeting. +++ Norbert Reithofer is not running for re-election after two terms of office. +++
+++ First sixth-generation e-engines from Steyr dispatched to Debrecen for test vehicles +++ Next milestone to series production +++ BMW Group Plant Debrecen produces first test vehicles for Neue Klasse +++
+++ Automated Driving In-Plant earns CE certification +++ Plant Dingolfing launches series operation, expansion planned across entire production network +++ Nedeljković: “BMW Group once again sets new benchmark for automation and digitalisation of production processes” +++
MINI Cooper Convertible production returns to MINI Plant Oxford. +++ Built alongside MINI Cooper 3-Door and 5-Door, making MINI Plant Oxford the home of MINI Cooper. +++ Most emotional model of the MINI family since its launch in 2004.
Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Conference Call Quarterly Statement to 30 September 2024
+++ Looking ahead after extraordinary challenges in Q3. +++ Significant BEV growth, with a sales share of 19.1% in Q3. +++ BMW brand increases sales volume in Europe as of September: +7.6%, leading position expanded. +++ BMW sales and market share stable in the US. +++ Significant inventory reduction planned in Q4 – forecast auto free cash flow confirmed. +++ Zipse: “Securing short-term earnings and long-term success” +++
BMW Group Quarterly Statement to 30 September 2024
Strong YTD September growth bolstered by triple digit BEV growth year-on-year.
+++ New BMW M5 Touring celebrates start of production at Plant Dingolfing +++ Third generation available for the first time with electrified drive train +++ Plant expands range of high-performance vehicles +++
+++ The BMW Group continues to consistently implement its successful product strategy +++ World premiere of the first all-electric performance models MINI John Cooper Works Electric and MINI John Cooper Works Aceman +++ First joint motor show appearance of BMW Vision Neue Klasse and BMW Vision Neue Klasse X +++
+++ BMW Group: Deliveries of fully-electric vehicles climb +19.1% in first nine months +++ BMW Group delivers total of 1,754,158 units worldwide in YTD September (-4.5%) – largely due to IBS delivery stops in Q3 and ongoing weak demand in China +++ BMW brand achieves strong sales growth in Europe, gains market share +++ MINI brand reports higher Q3 sales of fully-electric models +++
Customer Support function welcomes stalwart back to Singapore.
Triggers for guidance adjustment are delivery stops and technical actions linked to Integrated Braking System (IBS) +++ Technical actions impact over 1.5 million vehicles +++ Additional warranty costs in high three-digit million amount
Many years of experience, consistent advancement of processes and international knowledge transfer: BMW Group as a pioneer of the circular economy in automotive engineering. Halfway point success in the Car2Car research project: efficient recycling of steel, aluminium, copper, glass and plastics.
Statement Walter Mertl, Member of the Board of Management of BMW AG, Finance, Conference Call Half-Year Report to 30 June 2024
Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Conference Call Half-Year Report to 30 June 2024
BMW Group Half-Year Report to 30 June 2024
BMW brand achieves sales growth of 2.3% in HY1 –double-digit growth for models in upper price segment ++ BMW BEV deliveries climb 34% to over 179,500 units in first half-year ++ Profitability targets exceeded: Group EBT margin of 10.9% for HY1 ++ Automotive EBIT margin at 8.6% in HY1 ++ Financial Services: New business posts significant growth ++ Zipse: “Delivering high profitability in target corridor for past ten quarters” ++ Outlook for 2024 confirmed
+++ Worldwide five new assembly sites for 6th generation high-voltage batteries +++ Current status from Irlbach-Straßkirchen (Germany), Debrecen (Hungary), Shenyang (China), San Luis Potosí (Mexico) and Woodruff (USA) +++
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