The penetration rate of 46.8% was lower than the previous year – largely due to regulatory limits on financing volumes in China. [Our guidance for 2018 clearly shows that: We are maintaining our successful performance. In 2018, we are targeting solid growth there. Images are taken from the annual report. QUARTERLY REPORT ON PETCOKE. Customers love the new X3. Research and development expenditure also rose significantly in 2017, to 6.11 billion euros. A perfect example of this is seen in China, where we were voted the top employer across all industries.Good morning, Ladies and Gentlemen, and a warm welcome.Despite a volatile environment, the BMW Group achieved another record year in 2017. Efficient Dynamics and our modern diesels will also play a role on the road to sustainable mobility. Rolls-Royce is the pinnacle of luxury and elegance. It will enable the entire company and all our brands in terms of technology, design and new approaches. The same applies to the financial year 2017: We achieved all of our targets. Also in 2019, our plant in Mexico will start production. The R&D costs recognised in the income statement increased by 626 million euros year-on-year. Due to the high upfront investments necessary for the second half of the model offensive and new technologies, we expect the ratio for 2018 to be between 6.5 and 7%.In the following two years, it is likely to remain above our target range, but lower than in 2018.Despite these significantly higher upfront investments for future technologies, the BMW Group met or exceeded all of its targets for the financial year 2017.Our shareholders will also benefit from these strong results. We also acquired Parkmobile LLC – making the BMW Group the largest international provider of digital parking solutions. However, due to the positive business outlook, we expect to maintain a healthy free cash flow of more than three billion euros for the current year.Financial strength and flexibility are the hallmarks of the BMW Group. Annual Report on E-Waste Annual Report on Solid Waste Annual Report on Plastic Waste. The BMW Group continues to follow its own path: focused, determined and with a clear strategy. That has been confirmed by independent tests worldwide. For the first time, deliveries increased to 164,000 motorcycles. Over the course of the year, we will present a number of pure-electric concept vehicles that will all go into series production, like: The first all-electric BMW – the iX3.

Free cash flow in the Automotive Segment remained strong in 2017, at 4.46 billion euros, despite significantly higher investment. We will be setting new strategic directions for this in 2018. If you continue to use this site we will assume that you are happy with it. Our Financial Services business performed well in a highly competitive environment in 2017.The total number of new contracts with retail customers increased slightly to 1.83 million contracts – with slight gains in credit financing and a slight decrease in new leasing contracts. The segment EBIT reflects our operating strength: In 2017, EBIT for the segment reached a new all-time high of more than 7.86 billion euros. The BMW Group’s liquidity position remains very solid. With the fifth generation of eDrive, our vehicles will be able to drive 550 to 700 kilometres on electric power, depending on the model. This is almost a billion euros higher than the previous year. In 2018, we will continue to make major investments to secure the future competitiveness of our locations worldwide.

BMW Group Annual Report 2017 Statements and Presentation by Harald Krüger, Chairman of the Board of Management of BMW AG, and Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, Annual Accounts Press Conference 2018 Harald Krüger. From 2020, we will be able to fit all model series with any type of drive train. The first MINI plug-in hybrid – the Countryman – is already proving very popular. It is our goal to create solutions and innovations that inspire our customers. You consent to our use of cookies through your continued use of this site.

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