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Found 361 results

  1. Jaguar Land Rover already has an agreement with BMW to use BMW sourced engines in future vehicles, but now a report from Autocar says that the company could use a BMW sourced platform for some future small vehicles as well. Jaguar wants to increase its "Pace" lineup with an "A-Pace" and "B-Pace", small crossover coupes that would use BMW's front-wheel drive FAAR platform that underpins the X1, X2, and eventually the entire Mini linup. Over at Land Rover, there is a possible revival of the Freelander based on the same FAAR platform to fill the entry level spot in the Land Rover showroom. Even the larger Evoque and Discovery Sport could move to FAAR when their current runs are up mid to late next decade. Naturally, as all new platforms are today, they are engineered to accept electrification in the form of electric assist, hybrids, or even pure electric powertrains. If all this comes to fruition, vehicles using the FAAR platform could top 1.5 million in global sales annually. View full article
  2. Jaguar Land Rover already has an agreement with BMW to use BMW sourced engines in future vehicles, but now a report from Autocar says that the company could use a BMW sourced platform for some future small vehicles as well. Jaguar wants to increase its "Pace" lineup with an "A-Pace" and "B-Pace", small crossover coupes that would use BMW's front-wheel drive FAAR platform that underpins the X1, X2, and eventually the entire Mini linup. Over at Land Rover, there is a possible revival of the Freelander based on the same FAAR platform to fill the entry level spot in the Land Rover showroom. Even the larger Evoque and Discovery Sport could move to FAAR when their current runs are up mid to late next decade. Naturally, as all new platforms are today, they are engineered to accept electrification in the form of electric assist, hybrids, or even pure electric powertrains. If all this comes to fruition, vehicles using the FAAR platform could top 1.5 million in global sales annually.
  3. At the end of July we told you that BMW was planning a slew of model cuts in an effort to save some cash. The first of those cuts has just arrived, for 2020, there will be no 3-Series GT, 6-Series GT, or 6-Series Gran Coupe. This announcement effectively kills the 6-series lineup entirely which the 8-series has taken over for. The GT versions of the 3 and 6-Series never caught on and visually looked ungainly. That enough would be perfectly good enough reason for canceling the cars, but the real reason has to do with the markets massive shift towards SUVs. Already the X3 is outselling the entire 3-series lineup on a regular basis, so keeping such a low volume variant around is probably not in the best interest of a company wishing to cut costs. We'll update you as we find out about more cuts to the BMW line. View full article
  4. At the end of July we told you that BMW was planning a slew of model cuts in an effort to save some cash. The first of those cuts has just arrived, for 2020, there will be no 3-Series GT, 6-Series GT, or 6-Series Gran Coupe. This announcement effectively kills the 6-series lineup entirely which the 8-series has taken over for. The GT versions of the 3 and 6-Series never caught on and visually looked ungainly. That enough would be perfectly good enough reason for canceling the cars, but the real reason has to do with the markets massive shift towards SUVs. Already the X3 is outselling the entire 3-series lineup on a regular basis, so keeping such a low volume variant around is probably not in the best interest of a company wishing to cut costs. We'll update you as we find out about more cuts to the BMW line.
  5. Cutting models from lineups seems to be the order of the day lately. Automakers like Nissan, General Motors, and Mercedes Benz, are in the process of hatcheting the heck out their lineups. Now comes the news from BMW. BMW has been struggling to make money on vehicles less than €40,000, due to fears of another global recession, a marked slowdown in the automotive sector, and Trump inspired trade wars, BMW is looking to cull options and models from their lineup. Gone will be many convertible variants, including the next Z4, the 2-series, 8-series (coupe and convertible). Also pushing up the daisies will be the 7-series standard wheelbase (Not offered in the US), the 1-series 3-door, the 2-series Gran Tourer, and 3-series GT. Even the BMW X2 could get the scythe. On the electric front, the i3 and i8 will be phased out due to their use of expensive carbon fiber, in place they will get much more conventional EV replacements, including a fully electric X3. As far as Mini goes, Mini's future development is being handled by Great Wall Motors for the Mini three-door and 5-door. The Countryman is based on the X1. Mini's future is shaky as the brand continues to fail to bring up its sales numbers. It also has a great number of variants for a small brand, so expect to see some of those reduced. It seems no brand is safe from the global automotive pull back. View full article
  6. Cutting models from lineups seems to be the order of the day lately. Automakers like Nissan, General Motors, and Mercedes Benz, are in the process of hatcheting the heck out their lineups. Now comes the news from BMW. BMW has been struggling to make money on vehicles less than €40,000, due to fears of another global recession, a marked slowdown in the automotive sector, and Trump inspired trade wars, BMW is looking to cull options and models from their lineup. Gone will be many convertible variants, including the next Z4, the 2-series, 8-series (coupe and convertible). Also pushing up the daisies will be the 7-series standard wheelbase (Not offered in the US), the 1-series 3-door, the 2-series Gran Tourer, and 3-series GT. Even the BMW X2 could get the scythe. On the electric front, the i3 and i8 will be phased out due to their use of expensive carbon fiber, in place they will get much more conventional EV replacements, including a fully electric X3. As far as Mini goes, Mini's future development is being handled by Great Wall Motors for the Mini three-door and 5-door. The Countryman is based on the X1. Mini's future is shaky as the brand continues to fail to bring up its sales numbers. It also has a great number of variants for a small brand, so expect to see some of those reduced. It seems no brand is safe from the global automotive pull back.
  7. BMW Group and Daimler AG are combining forces to take on rideshare and mobility services like Uber and Lyft. They will invest a combined 1 billion euro to build a new company with a multiprong approach. The new company will offer five services in a single portfolio. Eventually, they will offer an all-electric, self-driving fleet of vehicles that charge, park, and drive autonomously and interconnect with other forms of transport. The five apps include: Reach Now: Offers a range of options for users to get where they're going including a combination of public transport, car-sharing, ride-sharing, and bike rentals. Charge Now: A locator and payment app for public charging stations that work with multiple charge point operators. Park Now: A parking reservation, time management, payment, and ticketing system. Free Now: A ride-hailing service that also includes taxis, private chauffeurs, and eScooters. Share Now: A car-sharing app that allows customers to rent and pay for vehicles through the app. The combined apps already have over 60 million active customers in Europe and the Americas. The new company will be based in Berlin, Germany. BMW press release on Page 2 BMW Group and Daimler AG invest more than €1 billion in joint mobility services provider Berlin . The BMW Group and Daimler AG are pooling their mobility services to create a new global player providing sustainable urban mobility for customers. The two companies are investing more than €1 billion in total to develop and more closely intermesh their offerings for car-sharing, ride-hailing, parking, charging and multimodal transport. The cooperation comprises five joint ventures: REACH NOW for multimodal services, CHARGE NOW for charging, FREE NOW for taxi ride-hailing, PARK NOW for parking and SHARE NOW for car-sharing. “Our mobility services have developed a strong customer base and we are now taking the next strategic step. We are pooling the strength and expertise of 14 successful brands and investing more than €1 billion to establish a new player in the fast-growing market for urban mobility,” said Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars. “By creating an intelligent network of joint ventures, we will be able to shape current and future urban mobility and draw maximum benefit from the opportunities opened up by digitalization, shared services and the increasing mobility needs of our customers. Further cooperations with other providers, including stakes in startups and established players, are also a possible option.” “We are creating a leading global game changer. The 60 million customers we already have today will benefit from a seamlessly integrated, sustainable ecosystem of car-sharing, ride-hailing, parking, charging and multimodal transport services. We have a clear vision: these five services will merge ever more closely to form a single mobility service portfolio with an all-electric, self-driving fleet of vehicles that charge and park autonomously and interconnect with the other modes of transport,” said Harald Krüger, Management Board Chairman of BMW AG. “This service portfolio will be a key cornerstone in our strategy as a mobility provider. The cooperation is the perfect way for us to maximize our chances in a growing market, while sharing the investments.” The two companies’ mobility services have a wealth of experience and a strong customer base, with a combined total of over 60 million active customers to date. Building on their current, highly attractive product range and robust costumer base in the key regions of Europe and America, the companies will grow their global footprint as their existing mobility services combine to form five joint ventures: · REACH NOW offers more than 6.7 million users simple, direct access to a range of mobility services through a single multimodal platform. The REACH NOW apps will offer a range of options for getting from A to B, allowing users to book and pay directly for public transport and various other mobility options, such as car-sharing, ride-hailing and bike rentals. REACH NOW will be managed by Daniela Gerd tom Markotten as Chief Executive Officer (CEO), with Johannes Prantl as Chief Financial Officer (CFO). · CHARGE NOW is a service by Digital Charging Solutions GmbH (DCS), and its comprehensive charging network is a key contributor to zero-emissions driving. CHARGE NOW makes public charge points quick and easy to locate, use and pay for, both at home and abroad. Digital Charging Solutions GmbH develops simple, standardised access to public charge points for car manufacturers and fleet operators. With over 100,000 charge points across 25 countries, its white-label solutions are helping OEMs and fleet operators to realise their strategies for electric mobility. Customers benefit from cross-border access to one of the world’s largest and fastest-growing charging networks, with over 250 charge point operators (CPOs) to date. · PARK NOW makes parking easier, on-street or off. The innovative digital parking service offers users the best possible parking solutions at a glance, allows them to reserve parking slots and manage their parking times, and enables ticketless entry and exit in public garages as well as cashless payment of parking fees. In addition, with the search for parking currently accounting for about 30 percent of the traffic on urban roads, PARK NOW is helping towns and cities to reduce traffic volumes, thereby helping to make city centres cleaner, healthier and more liveable. In Europe and North America over 30 million customers are already using the service in more than 1,100 cities. CHARGE NOW and PARK NOW are headed by Jörg Reimann as CEO, with Thomas Menzel as CFO. · FREE NOW offers a variety of mobility services including taxis, private chauffeurs with rental vehicles, and state-of-the-art e-scooters, all at the tap of a finger. One of the largest ride-hailing services in Europe and Latin America, FREE NOW already serves more than 21 million customers and over 250,000 drivers, who make a valuable contribution to the reduction of traffic in city centres. FREE NOW is headed by Marc Berg as CEO, with Sebastian Hofelich as CFO. · SHARE NOW is a free-floating car-sharing service that allows customers to rent and pay for vehicles by smartphone — anytime, anywhere. Its fleet will now be extended to incorporate a wider range of models and increase market coverage. More than 4 million customers in total currently use the fleet’s 20,000 vehicles in 31 cities around the world. Car-sharing increases vehicle utilization rates, helping to cut the overall number of cars on the roads in urban areas. Olivier Reppert has been appointed CEO of SHARE NOW, with Stefan Glebke as CFO. REACH NOW, CHARGE NOW, FREE NOW, PARK NOW and SHARE NOW represent innovative solutions by the BMW Group and Daimler AG for cities and municipalities seeking to make their traffic more efficient and sustainable. Thanks to their established services, the joint venture group already commands significant resources to support and systematically enhance sustainable urban mobility. “We are steering very clearly towards growth, and together we will continue to invest consistently in our joint mobility services. As well as linking in additional transport options, we want to reach out to even more people in towns and cities across the world, thereby improving the quality of urban life,” Krüger explained. The new mobility portfolio will be easy to access, intuitive to use, and will cater to customers’ needs. Its seamlessly integrated, sustainable ecosystem will make mobility more convenient — because cities are where the future of mobility will be decided. This is confirmed by the choice of Berlin as the base for the organization’s headquarters. A hub of creativity and innovation, the German capital is an attractive location for employees and upcoming talents. The next few years will see up to 1,000 new jobs created worldwide – including in Berlin and Germany. After an initial phase of investment and growth, the new joint venture group will offer attractive profitability, which will be crucial to its success. “As premium manufacturers, we have long been setting standards in the automotive industry and for our customers. In the premium vehicle business, we will continue to compete for customers. But our new portfolio for individual urban mobility on demand represents a logical extension to the value chain. Ultimately, we want to offer our customers as many options as possible for getting from A to B. In short, this is about driving, riding or being driven," said Zetsche. With their joint mobility services, the BMW Group and Daimler AG are responding to mobility needs of today and the future with a focus on cities. Digitalization is a key enabler as it creates new opportunities for individual mobility. Over time, customers will be able to use and experience additional mobility options from all-electric autonomous fleets that are available on demand, charge and park themselves, and connect with other modes of transport beyond road and rail. In the competition for the best urban mobility solution, the promise of safety and comfort by the two leading German premium OEMs provides the basis for this to happen. View full article
  8. BMW unveiled their BMW Vision M Next Concept in Munich today. This concept displays the prototype of BMW's future driving assistance technologies named "EASE" and "BOOST". EASE allows the car to take over the task of driving and allowing the driver to relaxing in a comfortable living space. Relaxing, talking, in-car entertainment, or other things focused away from driving are possible here. BOOST offers the driver the ultimate driving experience. The interior is driver oriented even if the driver is not driving. The design keeps the driver focused on the right content at the right time. Much of the Vision M Next Concept is a homage to the current BMW i8 PHEV. The exterior is pure sports car. Power comes from a PHEV drive with a total output of 600 horsepower and a top speed of 186 MPH. Zero to 62 MPH is said to take just 3.0 seconds. There is also a BOOST+ mode that grants extra power at the push of a button. All electric mode is good for up to 62 miles of range allowing for most commutes to be made purely on electricity alone...assuming you don't use the BOOST+ button too often. The concept isn't expected to go into production, but could indicate the path that BMW takes for both the i8 and fully autonomous driving. Parts of the structure use recycled carbon fiber reinforced plastic, similar to bits of the 7-series and the platform can be used for EV, PHEV, and internal combustion engines. BMW plans on releasing 25 electrified models over the next few years with all of them on the scene by 2023. View full article
  9. BMW unveiled their BMW Vision M Next Concept in Munich today. This concept displays the prototype of BMW's future driving assistance technologies named "EASE" and "BOOST". EASE allows the car to take over the task of driving and allowing the driver to relaxing in a comfortable living space. Relaxing, talking, in-car entertainment, or other things focused away from driving are possible here. BOOST offers the driver the ultimate driving experience. The interior is driver oriented even if the driver is not driving. The design keeps the driver focused on the right content at the right time. Much of the Vision M Next Concept is a homage to the current BMW i8 PHEV. The exterior is pure sports car. Power comes from a PHEV drive with a total output of 600 horsepower and a top speed of 186 MPH. Zero to 62 MPH is said to take just 3.0 seconds. There is also a BOOST+ mode that grants extra power at the push of a button. All electric mode is good for up to 62 miles of range allowing for most commutes to be made purely on electricity alone...assuming you don't use the BOOST+ button too often. The concept isn't expected to go into production, but could indicate the path that BMW takes for both the i8 and fully autonomous driving. Parts of the structure use recycled carbon fiber reinforced plastic, similar to bits of the 7-series and the platform can be used for EV, PHEV, and internal combustion engines. BMW plans on releasing 25 electrified models over the next few years with all of them on the scene by 2023.
  10. BMW is studying ways to give its performance M-Division special models not based on any current or former BMW. BMW has already apparently decided which class of car the models will be in, but will not reveal details on it just yet. Multiple concepts are being studied. The comments came from Markus Flasch, BMW's head of in-house tuning. Further up for debate is whether the models would be internal combustion or electric or a blend of both. Whichever form they take, the M cars would "fit our character.... a combination of precision, agility, and luxury", though they would not necessarily be positioned above the M8. Having standalone models would help BMW's M-Division better compete with Mercedes-Benz AMG View full article
  11. BMW is studying ways to give its performance M-Division special models not based on any current or former BMW. BMW has already apparently decided which class of car the models will be in, but will not reveal details on it just yet. Multiple concepts are being studied. The comments came from Markus Flasch, BMW's head of in-house tuning. Further up for debate is whether the models would be internal combustion or electric or a blend of both. Whichever form they take, the M cars would "fit our character.... a combination of precision, agility, and luxury", though they would not necessarily be positioned above the M8. Having standalone models would help BMW's M-Division better compete with Mercedes-Benz AMG
  12. Woodcliff Lake, NJ – June 3, 2019… Sales of BMW brand vehicles increased 1.7 percent in May 2019 for a total of 27,109 over the 26,662 vehicles sold in May 2018. all-new BMW 3 Series sedan – the core of the BMW “Ultimate Driving Machine” brand – is proving that there is still room for a high-performing sports sedan in the U.S. market, selling more than 4,300 units in May 2019. BMW X3 Sports Activity Vehicle continues to be the best-selling BMW model in the U.S. with nearly 6,200 units sold in May 2019. BMW Sports Activity Vehicles in total – including X1 through X7 – account for 56% of BMW sales YTD. “We owe much of our continued growth in 2019 to the new 3 Series sedan and our fleet of U.S.-built Sports Activity Vehicles,” said Bernhard Kuhnt, president and CEO, BMW of North America. “I’ve said it before, but as a result of our ongoing product offensive, we have the right product that our customers are looking for right now.” Table 1: New Vehicle Sales BMW of North America, LLC, May 2019 May May % YTD YTD % 2019 2018 2019 2018 BMW passenger cars 13,566 17,074 -20.5 67,613 79,647 -15.10% BMW light trucks 13,543 9,588 41.2 57,200 44,332 29% TOTAL BMW 27,109 26,662 1.7 124,813 123,979 0.70% BMW Group Electrified Vehicle Sales BMW Group sales of electric and plug-in hybrid electric vehicles decreased 29.7 percent in May 2019 vs. May 2018. Model changeover has limited the current BMW Group electrified lineup to five models including the BMW i3, BMW i8 and i8 Roadster, BMW 530e, and MINI Countryman plug-in hybrid electric vehicle. Plug-in hybrid variants of the BMW X5, the all-new BMW 3 Series and updated BMW 7 Series recently debuted at the Geneva International Motor Show. These models and a plug-in-hybrid variant of the BMW X3 will begin sales in the U.S. at a future date. MINI Brand Sales For May, MINI USA reported 2,822 vehicles sold, a decrease of 33.2 percent from the 4,226 in the same month a year ago. BMW Pre-Owned Vehicles BMW Certified Pre-Owned sold 10,306 vehicles, a decrease of 15.1 percent from May 2018. Total BMW Pre-Owned sold 21,621 vehicles, a decrease of 6.6 percent from May 2018. MINI Pre-Owned Vehicles MINI Certified Pre-Owned sold 1,201 vehicles, a decrease of 13 percent from May 2018. Total MINI Pre-Owned sold 2,807 vehicles, a decrease of 6.7 percent from May 2018. Table 2: Pre-Owned Vehicle Sales BMW of North America, LLC, May 2019 May-19 May-18 % YTD YTD % 2019 2018 BMW CPO 10,306 12,145 -15.10% 47,878 52,998 -9.70% BMW Total Pre-Owned 21,621 23,147 -6.60% 102,611 101,005 1.60% MINI CPO 1,201 1,381 -13.00% 5,381 5,146 4.60% MINI Total Pre-Owned 2,807 3,009 -6.70% 12,510 12,809 -2.30%
  13. BMW of North America Reports April 2019 U.S. Sales. Overall BMW Brand Sales Increase 1.4% BMW X7 Sports Activity Vehicle and All-New BMW 3 Series Sedan Continue to Drive Growth in the U.S. Woodcliff Lake, NJ – May 1, 2019… Sales of BMW brand vehicles increased 1.4 percent in April 2019 for a total of 23,816 over the 23,482 vehicles sold in April 2018. BMW Sports Activity Vehicles continue to drive sales growth in the U.S., led by the BMW X3, BMW X5 and the BMW X7, which sold 2,291 units in its second full month of availability. The all-new BMW 3 Series sedan also performed particularly well, with an increase of 2.6 percent over April 2018, while the BMW 5 Series sedan remains the leader in its segment. “We’ve said before that our focus for 2019 would be profitability and growth -- and we’re right where we want to be,” said Bernhard Kuhnt, president and CEO, BMW of North America. “Demand for the BMW X7 only continues to grow, and the new 3 Series, with its suite of new technology features and exceptional driving dynamics has drawn rave reviews from our dealers, the media and most importantly, our customers.” Vehicle Sales BMW of North America, LLC, April 2019 Apr. 2019 Apr.2018 % YTD Apr. 2019 YTD Apr. 2018 % i3 331 503 -34.2% 1,295 2,500 -48.2% i8 87 57 53.0% 248 175 41.7% 2 Series 581 879 -33.9% 2,643 3,647 -27.5% 3 Series 3,642 3,550 2.6% 11,867 17,201 -31.0% 4 Series 1,214 2,473 -50.9% 8,616 9,412 -8.5% 5 Series 2,857 3,056 -6.5% 13,202 13,094 0.8% 6 Series 96 398 -75.9% 721 1,428 -49.5% 7 Series 567 546 3.8% 2,860 2,346 21.9% 8 Series 275 0 0.0% 876 0 0.0% Z4 271 0 0.0% 472 2 23500.0% X1 1,618 2,501 -35.3% 7,474 10,752 -30.5% X2 822 1,069 -23.1% 3,773 2,016 87.2% BMW passenger cars 12,361 15,032 -17.8% 54,047 62,573 -13.6% X3 4,321 3,865 11.8% 18,889 14,647 29.0% X4 638 193 230.6% 2,074 1,610 28.8% X5 3,781 3,800 -0.5% 15,693 15,876 -1.2% X6 424 592 -28.4% 2,524 2,611 -3.3% X7 2,291 0 0.0% 4,477 0 0.0% BMW light trucks 11,455 8,450 35.6% 43,657 34,744 25.7% BMW brand 23,816 23,482 1.4% 97,704 97,317 0.4% Cooper /S Hardtop 2 Door 743 634 17.2% 2,822 2,973 -5.1% Cooper /S Hardtop 4 Door 460 394 16.8% 2,127 1,779 19.6% Cooper /S Convertible 338 972 -65.2% 1,462 1,920 -23.9% Cooper /S Clubman 200 350 -42.9% 1,039 1,297 -19.9% Countryman 880 1,381 -36.3% 4,076 6,295 -35.3% MINI brand 2,621 3,731 -29.8% 11,526 14,264 -19.2% TOTAL BMW of North America, LLC 26,437 27,213 -2.9% 109,230 111,581 -2.1%
  14. Karma Automotive is preparing to release the 2020 refresh of the Revaro. The current car uses GM's 2.0 liter 4-cylinder as a regenerator to charge the 21.4 kWh battery while underway. The battery then powers a pair of electric motors in the rear that produce a combined 403 horsepower letting the Revero dart to 60 in just 5.4 seconds. Range in full EV mode is about 37 miles, so says the EPA. In a press release, Karma has announced that the the refreshed Revero will now move to a 1.5 liter BMW 3-cylinder to support a new, more powerful NMC lithium-ion battery pack. The rear drive unit is being replaced as well with a new twin-motor rear drive module. In the 2020 car, naught to 60 will drop by nearly a full second to 4.5 seconds. The refreshed Revero will sport updated body work to go along with its technological upgrades. Karma will be unveiling the 2020 Revero at the Shanghai Motor Show on April 16th along with two other concepts. 2020 Karma Revero Teaser (Click to Enlarge) Related: View full article
  15. BMW is committing to keeping their V12 in production until at least 2023 according to BMW Powertrain Executive Michael Bayer, and he thinks it will be possible to make the engine compliant with the next round of Euro emissions regulations. That means it will stick around for the rest of the current generation of the 7-series sedan. Unfortunately, there will still not be a V12 offered in the 8-series coupe. We've already reported that Mercedes plans to cut its V12 out of the S-Class sedan after the 2020 model year. By doing so, it will make BMW the standard bearer for the final V12s in regular production. Audi already canceled its W12 engine starting with the 2017 model year though it is still in use in the Bentley Flying Spur. One possible reason for BMW keeping the V12 around is its use in Rolls Royce vehicles until they make the big leap to full electrification. View full article
  16. Karma Automotive is preparing to release the 2020 refresh of the Revaro. The current car uses GM's 2.0 liter 4-cylinder as a regenerator to charge the 21.4 kWh battery while underway. The battery then powers a pair of electric motors in the rear that produce a combined 403 horsepower letting the Revero dart to 60 in just 5.4 seconds. Range in full EV mode is about 37 miles, so says the EPA. In a press release, Karma has announced that the the refreshed Revero will now move to a 1.5 liter BMW 3-cylinder to support a new, more powerful NMC lithium-ion battery pack. The rear drive unit is being replaced as well with a new twin-motor rear drive module. In the 2020 car, naught to 60 will drop by nearly a full second to 4.5 seconds. The refreshed Revero will sport updated body work to go along with its technological upgrades. Karma will be unveiling the 2020 Revero at the Shanghai Motor Show on April 16th along with two other concepts. 2020 Karma Revero Teaser (Click to Enlarge) Related:
  17. BMW is committing to keeping their V12 in production until at least 2023 according to BMW Powertrain Executive Michael Bayer, and he thinks it will be possible to make the engine compliant with the next round of Euro emissions regulations. That means it will stick around for the rest of the current generation of the 7-series sedan. Unfortunately, there will still not be a V12 offered in the 8-series coupe. We've already reported that Mercedes plans to cut its V12 out of the S-Class sedan after the 2020 model year. By doing so, it will make BMW the standard bearer for the final V12s in regular production. Audi already canceled its W12 engine starting with the 2017 model year though it is still in use in the Bentley Flying Spur. One possible reason for BMW keeping the V12 around is its use in Rolls Royce vehicles until they make the big leap to full electrification.
  18. BMW of North America Reports March 2019 U.S. Sales. BMW Sports Activity Vehicles Reach 59% of Total Sales; on Record Level through Q1 2019. U.S.-Built BMW X3 Sports Activity Vehicle Remains Best-Selling BMW in the U.S. Woodcliff Lake, NJ – April 2, 2019… Sales of BMW brand vehicles increased 2.9 percent in March 2019 for a total of 32,228 over the 31,311 vehicles sold in March 2018. Top-selling vehicles in March included the BMW X3 and BMW X5 Sports Activity Vehicles, along with the all-new BMW 3 Series sedan, the core of the BMW “Ultimate Driving Machine” brand, and the BMW X7 Sports Activity Vehicle, both in their first full month of sales. “March’s results are due to the success of our U.S.-built Sports Activity Vehicles, the outstanding sales of the BMW X3 and X5, and the incredible reception from our customers to the X7 and brand new 3 Series,” said Bernhard Kuhnt, president and CEO, BMW of North America. “We are pleased to finish Q1 on a positive note, thanks to the arrival of so much exciting new product and the strength of our dealer network.” Sales of the BMW X3 reached 6,727 units in March, once again making it the best-selling BMW in the U.S. The BMW X7 had a very strong introduction in its first month on showroom floors, selling 2,186 units. Table 1: New Vehicle Sales BMW of North America, LLC, March 2019 March March % YTD YTD % 2019 2018 2019 2018 BMW passenger cars 17,632 20,648 -14.6 41,686 47,541 -12.3 BMW light trucks 14,596 10,663 36.9 32,202 26,294 22.5 TOTAL BMW 32,228 31,311 2.9 73,888 73,835 0.1 BMW Group Electrified Vehicle Sales BMW Group sales of electric and plug-in hybrid electric vehicles totaled 1,147 in March 2019, a decrease of 55.7 percent over the 2,588 sold in the same month a year ago. Model changeover has limited the current BMW Group electrified lineup to five models including the BMW i3, BMW i8 and i8 Roadster, BMW 530e, and MINI Countryman plug-in hybrid electric vehicle. Plug-in hybrid variants of the BMW X5, the all-new BMW 3 Series and updated BMW 7 Series recently debuted at the Geneva International Motor Show. These models and a plug-in-hybrid variant of the BMW X3 will begin sales in the U.S. at a future date. MINI Brand Sales For March, MINI USA reported 3,769 vehicles sold, a decrease of 16.8 percent from the 4,531 sold in the same month a year ago. BMW Pre-Owned Vehicles BMW Certified Pre-Owned sold 10,858 vehicles, a decrease of 6.9 percent from March 2018. Total BMW Pre-Owned sold 23,536 vehicles, an increase of 3.7 percent from March 2018. MINI Pre-Owned Vehicles MINI Certified Pre-Owned sold 1,238 vehicles, an increase of 10.3 percent from March 2018. Total MINI Pre-Owned sold 2,849 vehicles, a decrease of 5.8 percent from March 2018. Table 2: Pre-Owned Vehicle Sales BMW of North America, LLC, March 2019 Mar-19 Mar-18 % YTD YTD % 2019 2018 BMW CPO 10,858 11,666 -6.90% 27,578 30,347 -9.10% BMW Total Pre-Owned 23,536 22,690 3.70% 59,352 57,590 3.10% MINI CPO 1,238 1,122 10.30% 3,015 2,700 11.70% MINI Total Pre-Owned 2,849 3,025 -5.80% 7,065 7,308 -3.30%
  19. BMW is planning on a new EV on a platform shared with Daimler according to reports. The new car, called the i2, would be about the same size as the current BMW i3, but without the expensive carbon fiber body. The i2, aimed for a 2024 launch, would have a starting price less than 30,000€ ($34,000). BMW wants to have a 300km (186 mile) range. BMW recently revised the i3 to have a larger battery. The revised battery is 42.2 kWh and gives the i3 a range of 153 miles. Sales of the combined models from both BMW and Daimler would be targeted around 500,000 annually. View full article
  20. BMW is planning on a new EV on a platform shared with Daimler according to reports. The new car, called the i2, would be about the same size as the current BMW i3, but without the expensive carbon fiber body. The i2, aimed for a 2024 launch, would have a starting price less than 30,000€ ($34,000). BMW wants to have a 300km (186 mile) range. BMW recently revised the i3 to have a larger battery. The revised battery is 42.2 kWh and gives the i3 a range of 153 miles. Sales of the combined models from both BMW and Daimler would be targeted around 500,000 annually.
  21. It will be a long wait till we see the final product, but BMW has released a teaser picture of their upcoming 2-Series Gran Coupe 4-door sedan due to be released at the LA Auto Show later this year. This car will compete with the Mercedes-Benz CLA and Audi A3 compact front wheel drive sedans. The BMW 2-series Gran Coupe will be running with front wheel drive as well. Under the hood expect a 2 liter turbo charged engine transversely mounted as in the BMW X2. In the X2, the motor produces 228 horsepower and 258 pound-feet of torque running through an 8-speed automatic. Don't expect a manual gearbox. All-wheel drive is a possibility and may even be standard in U.S. bound models. Some performance variants will be available as well. The teaser picture reportedly shows the M Performance M235i which is rumored to have 300 hp and 265 lb-ft of torque. We will likely have a wait until November to see the full product. Sales are expected to start in Spring of 2020. Related: View full article
  22. The 2019 BMW X7 has finally made its debut and its quite big, and I'm not talking about the grille. Parked next to the X5, the X7 is nine inches longer, making it the longest crossover BMW has sold. For the most part, BMW's designers didn't go too crazy with the design. The overall profile is similar to Mercedes' GLS-Class with a boxy profile and large glass area. One interesting trait is the rear doors being slightly longer than the front to allow for easier access into the second and third rows. Where designers decided to go nuts is the front end and its large kidney grilles. It's a bit much when contrasted with the slim LED headlights. The X7's interior looks to be quite plush and spacious. A new dashboard design features a minimal amount of buttons and twin 12.3-inch screens for the instruments and the infotainment. A second-row bench comes standard, which allows the X7 to carry up to seven people. An optional set of captain chairs for the second-row have power adjustments. Cargo space is quite healthy for the class with 48.6 cubic feet behind the third row and 90.4 cubic feet with both rows folded. Power for the U.S. will be provided by either the xDrive40i (turbocharged 3.0L inline-six; 335 horsepower and 330 pound-feet of torque) or the xDrive50i (twin-turbo 4.4L V8; 456 horsepower and 479 pound-feet of torque). Both engines come teamed with an eight-speed automatic and xDrive all-wheel drive. Optional on both powertains is either Dynamic Handling Package (active roll mitigation, a camera system that can firm up the suspension before a corner, rear-wheel steering) or Off-Road package. BMW will begin taking preorders for the X7 this month, with deliveries beginning in March. Pricing begins at $73,900 for the xDrive40i and $92,600 for the xDrive50i - prices don't include destination. Gallery: 2019 BMW X7 Source: BMW The First-Ever 2019 BMW X7 Sports Activity Vehicle Two models: X7 xDrive40i and X7 xDrive50i Three rows of seating for 7 passenger comfort. Pricing: $73,900 for X7 xDrive40i and $92,600 for X7 xDrive50i plus $995 Destination.For the first time, it will be possible to pre-order a brand new BMW vehicle online. The New BMW X7 arrives in March 2019. Woodcliff Lake, NJ – October 16, 2018…Today, BMW launches the first-ever BMW X7, the pinnacle of BMW’s X Sport Activity Vehicle lineup. The BMW X7 builds on the class leading comfort, handling, safety and technology of all the previous BMW X Sport Activity Vehicle model lines that have been produced at Plant Spartanburg since 1999. The 2019 BMW X7 offers standard three row seating for 7 with optional Second-row Captain’s Chairs offering a more exclusive seating arrangement for 6. Standard two-axle air suspension, 21-inch alloy wheels and advanced driver assistance systems ensure that the new BMW X7 lives up to expectations of style, driver engagement, passenger comfort and all-weather and all-terrain capability. For the first time, BMW customers will have the opportunity to pre-order the first-ever BMW X7 online through www.BMWUSA.com. Starting in mid-Oct. 2018, customers will be able to select a participating dealer of choice and complete their pre-order deposit transaction online via their mobile device or from the comfort of their home. Their selected dealer will then reach out to them to finalize the options and colors of their BMW X7. Customers who pre-order online will also enjoy priority vehicle production. Fifth production line at BMW Group Spartanburg plant The new 2019 X7 becomes the fifth BMW model to be currently produced in Plant Spartanburg, South Carolina. The new X7 will be added to the 1,400 vehicles, including the X3, X4, X5 and X6, which are already produced every day at BMW Group’s largest global production plant. In 2017, the 10,000 employees of Plant Spartanburg produced 371,284 vehicles, 70 percent of which (272,346), were exported to 140 countries around the world, making BMW the largest exporter of vehicles from the U.S by value. To date, the BMW Group has invested eight billion US dollars in Plant Spartanburg and is supported by 40 suppliers in the SC area and 300 suppliers across the U.S. The current manufacturing capacity stands at 450,000 vehicles and a further 1,000 new jobs are expected to be added by 2021. Since the plant opened on September 8, 1994, 3.9 million vehicles have been built at the South Carolina location. BMW X7 exterior: A new dimension in luxury BMW has pulled back the covers on a new definition of automotive luxury. The BMW X7 blends presence, exclusivity and spaciousness with the versatile and agile driving properties customers would expect from a BMW Sports Activity Vehicle (SAV). The newest and largest model in the BMW X line-up uses outstanding powertrain options and chassis technology, plus generous levels of space in each of its three rows of seats, a luxurious ambience and advanced equipment features, to deliver unparalleled experiences for the driver and passengers. BMW’s new design language brings the modern elegance characteristic of the brand’s luxury-segment models to the exterior of the BMW X7, and adds visual poise, assurance and an overriding sense of authority. The BMW X7 represents the next stage in the premium carmaker’s ongoing model offensive in the luxury segment. The expansive exterior dimensions of the BMW X7 take luxury to a new level. At 203.3 inches in length, 78.7 inches wide and 71.1 inches tall, and with a wheelbase of 122.2 inches, the X7 displays harmonious proportions and establishes itself as the new head of the BMW X model family. A new use of forms, dominated by clearly structured surfaces and precise lines, lends the BMW X7 its modern aura. The largest kidney grill ever designed for a BMW model features very prominently at the front of the new BMW X7. Together with the slim twin headlights extending up to the grill, it emphasizes the width of the car and creates presence. When viewed from the side, the large windows and long, flowing roofline of the new BMW X7 hint at a spacious interior bathed in light. The rear doors are longer than the front doors, emphasizing the spaciousness of the SAV’s rear compartment and easing entry and exit for second and third row seat occupants. Clearly structured surfaces and the eye-catching character line rising up to the rear are hallmarks of the brand’s new design language. The versatile functionality of the new BMW X7 is highlighted by its 8.7 inches of ground clearance. The sizeable dimensions of the new BMW X7 are also expressed at the rear, which is broken up by horizontal lines and bordered by vertical separating edges. The slim LED rear lights provide a clear segmentation of the rear. Bridging the space between the two units is a chrome bar – a design cue only previously encountered at the rear of the BMW 7 Series luxury sedan. BMW X7 Interior: More space for an exclusive ambiance The impressive open expanse of the BMW X7 interior brings a new sensation of space to the luxury segment. The three rows of seats treat the driver and passengers to an exceptional feeling of roominess within the X7’s elegantly appointed interior surroundings. Expansive surfaces and clean structures give the instrument panel a modern look and its lines flow smoothly into the door panels. Large trim surfaces framed with electroplated accents on the instrument panel and center console enhance the interior’s elegant and exclusive aura. Grouped together clearly in the center console are the iDrive Controller, newly designed gear selector, the start/stop button, the Driving Experience Control switches, electronic parking brake switch and controls governing the settings for the air suspension and optional off-road modes. The control panel for the standard 4-zone climate control system also has a new modern design. A standard three-panel electronically controlled panoramic glass sunroof floods the interior with light. Combined with the large windows, the new BMW X7 offers a very open an airy environment to all vehicle occupants, irrespective of which seat they are in. Electrically controlled sliding headliner shades are standard for the front, center and rear sunroof with the third row passengers having their own controls for the rear sliding shade. The roominess and versatility of the interior is underlined by the standard fitment of three rows of seats (offering space for seven people). The two passengers in the third row can settle into full-size seats that are fully capable of accommodating adult passengers over longer journeys. Comfort levels here are enhanced by an additional rear glass sunroof panel, cup holders and armrests integrated into the side panel trim. The standard second row configuration offers seating for three. Alternatively, two extremely comfortable individual Captain’s Chairs can be specified for the middle row as an option. These comfort seats offer the same range of adjustments as the seats for the driver and front passenger. The individual seats for the second row also feature integrated armrests and comfort cushions. Two second-row seats with a space between them represent a first for a BMW SAV and create an exceptionally luxurious ambience in the rear compartment. The space between the individual seats also provides an access route to the third row. In either standard or optional configuration, the second-row seats in the X7 slide fore and aft through 5.7 inches of travel. Adjustment of the fore/aft position – like all other seat positions and backrest angles – is electric for the first, second and third row of seats. The backrests of the seats in the second and third rows can be folded down and raised electrically via switches located on the driver’s side as you enter through the rear doors and in the cargo area. The seats in the second row can also be tilted forward fully to make getting in and out as easy as possible for third-row passengers. The second-row seats can be returned to their upright position at the touch of a button, at which point child seats can be fixed in place securely and easily using the ISOFIX attachments. The fore/aft position of the second-row seats is adjusted using a control panel integrated into the driver’s door. Drivers of the new BMW X7 can move the front-passenger’s seat backwards and forwards at the touch of a button located nearby. This allows the driver to increase both legroom and ease of entry/exit for the passengers in the second and third row of seats as required. Additional buttons for seat and backrest adjustment are located in the rear doors. The backrests of the second - and third-row seats can also be folded down and raised – and the second-row seats moved fore and aft – from the cargo area. When all six/seven seats are in use, the new BMW X7 offers 48.6 cubic feet of load capacity. This increases to a maximum 90.4 cubic feet when the backrests of the standard second row bench seat and third row seats are folded down. The standard air suspension allows the car to be lowered (at the touch of a button in the trunk) to make loading cargo easier. The new BMW X7 features a two-section split tailgate, both elements of which have electric opening and closing as standard. Power and Performance The new 2019 BMW X7 launches with a choice of two updated gasoline engines. Heading up the range is the BMW X7 xDrive50i, with an extensively updated 4.4-liter V8 engine. A 3.0-liter inline six-cylinder engine, found under the hood of the new BMW X7 xDrive40i rounds out the model line-up. All engines channel their power through an eight-speed Steptronic transmission, while BMW xDrive intelligent all-wheel drive is on hand to ensure that power is transferred into secure progress – on or off road. The BMW TwinPower Turbo technology in both gasoline engines features turbocharging, High Precision Injection, VALVETRONIC fully variable valve timing and Double-VANOS variable camshaft timing. The new V8 engine: Unrivalled power and an unmistakable sound Fundamentally upgraded from crankcase to engine management system, the eight-cylinder engine in the BMW X7 xDrive50i serves up an intoxicating blend of power delivery and signature V8 soundtrack. The two turbochargers’ positioning in the “V” between the banks of cylinders is just one of the standout features of the 4.4-liter unit. Newly designed heat plates ensure very effective thermal shielding for the crankcase and cylinder head. A new ignition system allows the engine to be restarted even more smoothly and swiftly when the Auto Start Stop function is activated. The new engine’s peak torque of 479 lb-ft is available over a broad rev range from 1,500 to 4,750 rpm, while its maximum output of 456 hp is on tap between 5,250 and 6,000 rpm. This formidable pulling power is available early and doesn’t let up, resulting in a 0 to 60 mph time of 5.2 seconds. Inline-six cylinder gasoline engine with a thirst for revs. The power unit fitted in the new BMW X7 xDrive40i boasts the free-revving ability inherent in all inline six-cylinder engines from BMW, plus a wonderfully eager response. The 3.0-liter engine employs a single twin-scroll turbocharger and direct injection technology whose maximum pressure of 5,076 psi ensures the fuel is delivered in extremely precise doses. The straight-six generates its maximum output of 335 hp between 5,500 and 6,500 rpm, while the peak torque 330 lb-ft is available from 1,500 – 5,200 rpm. The new BMW X7 xDrive40i accelerates from 0 to 60 mph in 5.8 seconds. Eight-speed Steptronic transmission: more seamless and integrated Both engine variants of the new BMW X7 are linked to an improved version of the eight-speed Steptronic transmission, whose wider ratio spread and new control electronics help to increase the powertrain’s overall efficiency. New torsion dampers reduce rotational forces and converter slip for improved shift comfort. Intelligent connectivity enables the sport automatic transmission to adapt its shift strategy according to the route and driving situation. By working with the navigation system, the 8-speed Steptronic transmission sees the road ahead and combines this data with information from the Active Cruise Control system’s (optional on the X7 xDrive40i) radar sensor. This makes it possible for the transmission to shift proactively instead of reactively insuring not only that the shifts are more seamless but that the X7 is always in the correct gear for the upcoming road conditions. When approaching a vehicle ahead or approaching a downhill section for example, the 8-speed Steptronic transmission will shift down early in order to use engine braking to maintain speed or decelerate. The Auto Start Stop function and the coasting function available in conjunction with the 8-speed Steptronic transmission in the new BMW X7 also benefit from data supplied by the navigation system and by data supplied by the standard Active Guard driving assistance systems’ front camera. In this way, inefficient engine shutdown – for example when stopping briefly at junctions or roundabouts – can be prevented. Movement of vehicles ahead is registered in order to determine the ideal moment for the Auto Start Stop function to stop and start the engine. The coasting function is now available when either ECO Pro or COMFORT mode is selected using the Driving Experience Control switch between 9 and 99 mph. The efficiency-enhancing decoupling of the powertrain only takes place in driving situations where performance and comfort would not be compromised. If the driver suddenly lifts off the accelerator, the powertrain stays connected so that engine braking can be used to support deceleration. For the same reason, powertrain disconnection is also prevented when approaching a junction or a vehicle ahead. xDrive all-wheel drive with optional rear locking differential The task of maximizing traction, agility and directional stability in the new BMW X7 falls to the latest generation of the BMW xDrive intelligent all-wheel-drive system, which is now able to split drive-torque between the front and rear wheels with even greater precision and speed as the situation demands. For added efficiency, full power can be directed completely to the rear wheels in situations where all-wheel drive traction is not required. The new xDrive system offers a rear-biased set-up for those occasions when the driver adopts a more sporting style of driving. The optional electronically controlled rear M Sport differential (available for the X7 xDrive50i in both the Dynamic Handling Package and in the Off-Road Package) helps support these times of more dynamic driving. By limiting equalization of the rotational speeds of the inside and outside wheels through corners, the M Sport differential is able to optimize the transfer of power to the road in all driving situations. As a result, the new BMW X7 can power out of bends with exceptional momentum. Managed by the Dynamic Stability Control (DSC) system, the locking function for the rear differential also improves traction and power delivery when driving over loose ground or on road surfaces offering differing levels of grip for the left-rear and right-rear wheels. It does so by preventing a wheel from spinning when it is struggling for grip. The locking effect is produced by means of an electric motor and allows as much as 1,106 lb-ft of drive torque to be redirected from the wheel with less grip to the wheel with more grip. Chassis and Suspension The design of the new chassis, based on a double-wishbone front suspension and a five-link rear suspension provides the best balance of exceptional traction on rough terrain and excellent dynamic response and ride comfort on pavement. The BMW X7 SAV comes standard with the Dynamic Damper Control system with two-axle air suspension. The electronically controlled dampers sharpen the SAV’s handling while at the same time increasing ride comfort. The driver can select from two performance settings for a more comfort-oriented or sportier driving style. Chassis options available make it possible to boost the off-road performance, sportiness or comfort of the new BMW X7 more intensely and effectively than ever before. The Dynamic Handling Package, available for both the X7 xDrive40i and X7 xDrive50i, includes Active Comfort Drive with road preview, Integral Active Steering, M Sport Brakes and on the xDrive50i, the M Sport rear Differential. This package affords the new X7 with exceptionally agility and dynamic driving qualities. The Active Comfort Drive with road preview works with the two-axle air suspension and an active roll-stabilization system to not only improve agility and directional stability when turning into corners but to also optimize traction when accelerating out of them too. The system uses camera sensors to preview the road ahead of the vehicle and proactively make suspension adjustments to not only tighten up suspension settings for upcoming turns but to also increase straight-line comfort by actively countering oscillations triggered by road surface imperfections. Speed-dependent Integral Active Steering turns the rear wheels either the same direction as the front, to enhance stability in high-speed maneuvers such as lane changes, or in the opposite direction to the front wheels, to facilitate low-speed maneuvering by decreasing the turning radius. The standard two-axle air suspension system with automatic self-levelling not only provides a noticeable benefit to ride comfort but also allows electronic adjustment of vehicle ride height to meet various needs. The suspension’s air supply is controlled individually for each wheel using an electrically driven compressor with pressure reservoir, enabling it to balance out an unevenly loaded vehicle. Since the air suspension works in tandem with the Dynamic Stability Control (DSC) system, the vehicle load registered by its sensors can be factored into braking calculations. When the SPORT driving mode is engaged or the vehicle’s speed exceeds 85 mph, its ride height is automatically lowered by 0.8 inches. The driver can also adjust the body’s ground clearance – for off-road driving, for example – by pushing a button in the cockpit. The vehicle can be raised in two stages up to a maximum of 1.6 inches above the standard setting. Another button in the luggage compartment activates a loading mode that lowers the vehicle by 1.6 inches. The next time the engine is started, the system will automatically revert to the last mode selected. The desired vehicle ride height can even be set with the engine switched off by using the optional BMW Display Key. Color Palette and interior features The all-new 2019 BMW X7 will offer a choice of six popular existing and brand new colors at launch, including non-metallic Alpine White and metallic paints in Carbon Black with M Sport Package, Black Sapphire, Mineral White, Arctic Grey and Vermont Bronze. Three more colors will be introduced as of April 2019 production, including Jet Black, Dark Graphite, and Phytonic Blue. The X7 xDrive40i comes standard with Black SensaTec or a choice of nine premium Vernasca and Extended Merino Leathers. The X7 xDrive50i features standard Vernasca leather interior in Black, Canberra Beige, Coffee or Cognac with the option to upgrade to an Extended Merino Leather interior in Black, Ivory White, Coffee or Tartufo. A two-tone Ivory White/Navy Blue Full Leather Merino interior, with a Navy Blue leather dashboard and a Navy Blue Alcantara headliner, can be specified for both models. The luxurious interiors can be further enhanced with options such as Leather Dashboard, Glass Controls for the Start/Stop button, Gear Shift lever, iDrive Controller and radio volume knob, Panoramic Sky Lounge LED Roof and Front Ventilated and Massaging Seats. Extended list of optional equipment The list of optional equipment available for the new 2019 BMW X7 is designed to further tailor BMW’s latest premium Sports Activity Vehicle to reflect the personality and requirements of the owner. Remote Engine Start, 22 inch alloy wheels and a factory installed tow hitch, rated for 7,500 lbs. are just some of the notable individual options available for the BMW X7. 5-Zone Automatic Climate Control is available as part of the Cold Weather Package, which also includes Front and Rear Heated Seats and Heated Front Seat Armrests and Steering Wheel. The Premium Package includes Remote Engine Start, Soft-Close automatic doors, rear electric side window shades, Heated and Cooled Cup Holders, Heads-Up Display, Harman Kardon Surround Sound Audio (standard on the X7 xDrive50i) and Gesture Control. The Executive Package for the X7 xDrive50i includes the Panoramic Sky Lounge LED Roof. Glass Controls and BMW Laserlight headlights. The Panorama Sky Lounge LED Roof, generates a very special and exclusive aura when darkness falls, with LED light spreading evenly across the glass surfaces to illuminate more than 15,000 graphic patterns and generate a display reminiscent of a starlit sky. The color scheme of this atmospheric light show can be adapted as desired. Standard Driver Assist Systems Offering a significantly expanded array of driver assistance systems, the new BMW X7 is able to support the driver through an array of interconnected sensors by processing camera images and data acquired by radar. The BMW X7 xDrive40i comes standard with Active Protection and Active Driving Assistant including Blind Spot Detection, Lane Departure Warning, Rear Collision Warning, Frontal Collision Warning and Pedestrian Warning with City Collision Mitigation (which now also alerts the driver if cyclists are detected) Cross Traffic Alert Rear, and Speed Limit Information. The BMW X7 xDrive50i adds standard Parking Assistant Plus which provides Top View, Panorama View and 3D View. The xDrive50i also includes Head-Up Display and Active Driving Assistant Professional with Active Lane Keeping Assistant and Extended Traffic Jam Assistant for limited access highways. Active Driving Assistant Professional: Comprehensive safety and comfort Standard on the X7 xDr50i and optional on the X7 xDrive40i, the Driving Assistant Professional package is comprised of the Extended Traffic Jam Assist for limited access highways as well as the Lane Keeping Assistant with Active Side-Collision protection. Extended Traffic Jam Assist supports the driver during one of the most tedious driving situations, stop-and-go highway traffic. The system can be used on limited access highways up to a speed of 37 mph and uses a driver-facing optical/infrared camera located in the digital instrument cluster to monitor the driver’s eye and nose position to determine if they are monitoring the road ahead. As long as the driver is found to be attentive to the road ahead, the need for the driver to place their hands on the wheel every 30-50 seconds is not required. This interior camera is also used to support the standard driver alertness monitoring system which suggests that one stop and take a relaxing break if it deems that the driver is becoming tired and less alert. The Automatic Lane Change feature can be used on highways when the Lane Keeping Assistant is active. Holding the direction indicator in the required direction is all it takes to initiate a lane change. If the sensors detect that there is space in the adjacent lane and that no other vehicle is approaching at high speed, the driver benefits from helpful steering assistance during the lane change. Another component of the system is the Evasion Aid, which can help avoid collisions with vehicles or pedestrians that appear suddenly in the vehicle’s path. As soon as an evasive maneuver corresponding to such a scenario is detected, the system assists the driver with steering inputs to direct the vehicle into a clear adjacent lane. The array of assistance systems contained in this wide-ranging suite of safety and comfort features is composed of the Active Cruise Control (ACC) with Stop & Go and Cross Traffic Alert Front which reduces the risk of a collision when maneuvering forwards towards crossing traffic where visibility is restricted. Also, changing speed limits identified by the Speed Limit Info system can be used by the Automatic Cruise Control system to match the vehicle’s cruise control speed to the road’s posted speed limit. Emergency Stop Assistant: Active assistance when needed A new development in the field of safety systems is the Emergency Stop Assistant, which is a component of the optional Driving Assistant Professional package. Intended to be used in situations where the driver is suddenly incapacitated because of a medical emergency, it is activated by pulling the electric parking brake switch. Depending on the driving situation and the vehicle’s surroundings, the Emergency Stop Assistant will bring the vehicle to a standstill either in the current lane, at the edge of the road or on the hard shoulder. At the same time, the hazard warning lights are activated and the Intelligent Emergency Call function automatically notifies the BMW Assist call center so the emergency services can be alerted. Parking Assistant Professional: For comfortable maneuvering into parking spaces The new BMW X7 is equipped with standard rear-view camera and Park Distance Control (PDC), which includes sensors at the front and rear of the vehicle. The Parking Assistant Professional package, standard in the X7 xDrive50i, and optional in the X7 xDrive40i, enables automatic selection and use of parallel parking spaces. These parking spaces are detected by ultrasonic sensors as the vehicle passes them. The Parking Assistant function is activated at the touch of a button on the center console. The system then takes care of the acceleration, braking, steering and gear changes necessary to maneuver into the space. Back-Up Assistant: Unique, high-precision guidance in tight spaces Back-Up Assistant offers an unmatched level of assistance when leaving a parking space or maneuvering in a confined area. The Back-Up Assistant takes over steering to maneuver the vehicle mirroring the path most recently used in the forward direction. This system makes reversing for a distance of up to 50 yards an effortless task in the new 2019 BMW X7. All the driver has to do is operate the accelerator and brakes and monitor the surrounding area. The system is initiated by pressing a button when the vehicle is stationary and the gear selector is in the “P” position. The steering movements made during the vehicle’s last forward maneuver are stored by the system and retained. This means the Back-Up Assistant can be used to maneuver the new BMW X7 backwards out of a parking position that it drove into forwards the previous day. The driver enjoys ideal all-round visibility, thanks to both the standard rear-view camera and the optional Top View, Panorama View and 3D View which are part of Parking Assistant Plus, which create a 360-degree image of the vehicle and its surroundings in the Center Display. In addition, drivers can use the Remote 3D View feature, part of the BMW ConnectedDrive App, to access a three-dimensional live image of their vehicle and surroundings on a smartphone no matter where they are at that moment. BMW Live Cockpit Professional: Seventh generation of BMW iDrive The BMW Live Cockpit Professional, standard in the new 2019 BMW X7, combines a new display and control concept and the ultimate in connectivity to create a superb all-round package. The latest-generation of the iDrive comprises a high-resolution digital 12.3” instrument cluster display behind the steering wheel and a 12.3” center display diagonally across. The system offers many hardware upgrades including new haptic controls on the iDrive controller, an advanced tablet-like touch interface, stunning visualizations, and the largest displays available in a BMW. This latest system perfectly blends the strengths of previous iDrive concepts with the modern ways in which people interface with their popular electronic devices. The multi-modal approach of the iDrive touch controller, large touchscreen center display, cloud based voice control, and gesture control allow users to interact in the way of their choosing. The seventh incarnation of iDrive has a cutting-edge, fully-digital design and is geared more closely to the driver’s needs by allowing them to tailor the system to their own preferences with customizable widgets of information. This new level of personalization is then stored in the BMW cloud and can follow the customer to other BMW vehicles. Information from categories such as driving, entertainment, navigation, connectivity, and from the vehicle info itself, can be selected in nearly any combination in any of four layouts on the Center Display. Multiple pages can be created and easily accessed with a simple swipe across the screen with a finger. To maximize the capabilities of the large 12.3” digital instrument cluster, the traditional circular gauges have evolved into an new design that pushes the digital speedometer and tachometer gauges to the outer edges of the display as geometric bands. This new design opens space in the middle for routing and navigation. Information from the center display can also be shown within the tachometer. The drive mode selected via the Driver Experience Control also effects the appearance of the instrument cluster. Other elements of the BMW Live Cockpit Professional are the Navigation Professional system, a hard-drive-based multimedia system with 20 GB of memory and six USB ports, plus Bluetooth interfaces. The driver can be automatically detected and personal settings activated either using the traditional vehicle key or by downloading the driver’s personal settings from the BMW Cloud. Drivers can enjoy the full benefits of the car’s intelligent connectivity capabilities through vehicle apps such as news, weather, office and online search. Other capabilities include Intelligent Emergency Call – which automatically summons swift assistance in an emergency – and regular updates for the navigation system’s maps. A collection of bundled digital services will be offered for the new BMW X7 as the Connected Package Professional. The Connected Package Professional provides Remote Services, Concierge Services, On-Street Parking Information, and Real Time Traffic Information for the first 4 years of ownership. This package allows easy integration and adaptation of new technology over time. Customers can continue to download various new digital services individually as they become available or renew existing services via the ConnectedDrive Store. BMW Connected: digital services for individual mobility BMW Connected is the companion app for BMW drivers. Intelligent connectivity helps users to reach their destination easily and with minimal stress – and not only when in their car; BMW Connected is an all-embracing concept designed to seamlessly connect the driver and their smartphone with their vehicle. At the heart of it all is the Open Mobility Cloud, which allows the app to connect the car with the customer’s digital devices. These could include the iPhone and Apple Watch, smartphones and smartwatches running the Android operating system, Alexa-compatible smart devices and Google Home. For instance, the BMW Connected app can import appointments and addresses from the customer’s calendar entries straight into the navigation system to begin route guidance. The system calculates the optimum departure time based on real-time traffic information and notifies the driver with a message on their smartphone when it is time to leave. As the vehicle is linked up via the Open Mobility Cloud, it is able to access the calculated route directly when the navigation system starts up. Audio and entertainment The standard audio system in the BMW X7 xDrive40i features 10 speakers and 205 watts of power. A Harman Kardon Surround Sound Audio is standard in the X7 xDrive50i, optional on the X7 xDrive40i. Wireless Charging and WiFi Hotspot are standard for both models to integrate your favorite personal mobile devices into the BMW X7 experience. The Bowers & Wilkins Diamond Surround Sound is available as an option for both X7 models offers amplification of 1,500 watts, powering 20 speakers. The optional Rear-seat Entertainment Professional system adds a pair of 10.2-inch full-HD touchscreen displays, a Blu-ray-compatible DVD player and an HDMI socket and two headphone jacks. The system works using the BMW iDrive 7 display and control system, and so allows those in the rear of the vehicle to select and operate entertainment functions. The rear-seat passengers can use both their own media sources and those available in the front compartment. A navigation map and BMW ConnectedDrive services can also be accessed in the rear seats. Adaptive LED headlights with BMW Laserlight. Both X7 models come with Adaptive Full LED lights with Automatic High Beams as standard equipment. BMW Laserlights are available on the X7 xDrive50i with the optional Executive Package, which also includes Panoramic Sly Lounge LED Roof and Glass Controls. BMW Head-Up Display: Larger projection area and optimized graphics The BMW Head-Up Display, optional for the xDrive40i and standard on the xDrive50i, helps the driver to enjoy focused and extremely safe driving in the new BMW X7. It projects driving-related information directly into the driver’s field of vision on the windshield, where it can be assimilated without the need to divert their eyes from the road. The latest generation of the system boasts a larger projection area then that of past systems plus enhanced graphics and additional display readings. The information projected by the BMW Head-Up Display includes the car’s speed, speed limits and overtaking restrictions, Check Control messages, status indicators and warnings from the assistance systems, detailed route guidance and turn instructions, and telephone and entertainment lists. Another feature activated in conjunction with the BMW Head-Up Display is distance warning, which is part of the Active Cruise Control system’s set of functions and flashes a graphic icon to alert the driver when they get closer to the vehicle in front than the pre-set minimum distance. Displays and iDrive: Premier for the BMW Intelligent Personal Assistant Making its debut in the new BMW 3 Series Sedan is the BMW Intelligent Personal Assistant, an intelligent, digital character that responds to the prompt “Hey BMW”. The BMW Group is set to revolutionize driving pleasure with the BMW Intelligent Personal Assistant and, in so doing, enter a new era in which drivers will increasingly be able to operate their car and access its functions and information simply by speaking. The range of functions and skills available will be constantly expanded as part of regular updates. BMWs acquire a digital personality The BMW Intelligent Personal Assistant learns routines and habits, and is subsequently able to apply them in the appropriate context. He helps the driver, learns their preferences and is familiar with their favored settings – e.g. for the seat heating or the places they drive to frequently using the navigation system (“Take me home”). It is familiar with the vehicle’s functions and is able to operate them as required. Saying “Hey BMW, I’m cold” will prompt the BMW Intelligent Personal Assistant to adjust the temperature inside the car accordingly. The assistant will benefit from technical upgrades and be able to learn more and more preferences and favored settings. The assistant takes further strides forward with every command given, every question asked and every setting selected. A constant on-board companion: the digital BMW expert The arrival of the BMW Intelligent Personal Assistant ensures there is always a genuine BMW professional on board. He is able to explain all sorts of different functions (“How does the High Beam Assistant work?”), provide current status information (“Is the oil level okay?”) and help answer questions (“What warning messages do I have?”). He knows the driver’s favorite settings, and can even activate a combination of them to enhance well-being. For instance, “Hey BMW, I feel tired” triggers a vitality program that adjusts the lighting mood, music and temperature, among other things, in order to make the driver feel more awake. The perfect driver assistant The Intelligent Personal Assistant is, in short, the ideal co-driver and comes in particularly useful during everyday driving (“Hey BMW, what is the closest gas station on my route”). To make navigation particularly easy, drivers can give him access to their calendar and contacts, which will enable him to find parking spaces at the destination, provide information on traffic jams along the route and remind the driver when they need to set off. It also learns destinations the customer drives to frequently. BMW Digital Key: turning the smartphone into a car key The BMW Digital Key employs Near Field Communication (NFC) technology to allow the new BMW X7 to be locked and unlocked from a compatible smartphone, removing the need for a conventional car key. Holding the smartphone up to the door handle opens the car. Once inside, the engine can be started as soon as the phone has been placed in the wireless charging or smartphone tray. Accessible via the BMW Connected app, the Digital Key offers unrivalled flexibility. The BMW Digital Key is compatible for all NFC-capable Samsung Galaxy smartphones running Android 8.0 and above. Compatibility is limited to select carriers. Always up to date thanks to Remote Software Upgrade The Remote Software Upgrade feature keeps the vehicle up to date with the latest software. All updates can be loaded over the air, similar to smartphones. The upgrades can be loaded onto a smartphone via the BMW Connected app when connected to a domestic Wi-Fi network or imported directly via the BMW’s built-in SIM card, which happens automatically for important vehicle upgrades. View full article
  23. BMW has issued a profit warning for 2019, saying that profits will be well below last year's 7.2€ billion. The company stated that higher raw material costs, unfavorable currency exchange, and compliance with stricter emissions standards are the main causes for the profit erosion. BMW is not planning for layoffs at this time, but those could come in the future as the company moves to simplify and consolidate its product portfolio. One area that will see cuts is in powertrains. BMW plans to cut the number of engine/transmission options in half and simplify platforms in a move to streamline operations. BMW plans to reduce the development time of new vehicles by one third through its PERFORMANCE > NEXT program. Part of the expected expense will be from the move to electrification. More from BMW's financial release on the next page. BMW Group sets strategic course for future Krüger: "Systematically working to ensure operationalexcellence" Operating efficiency: Performance > NEXT offers potentialefficiencies in excess of € 12 billion by 2022 Upfront expenditure expected to remain high New structure for sales divisions EBIT margin of 8 to 10 per cent remains ambition Challenges influence 2019 outlook Munich, Germany- March 20, 2019...On its way towards the mobility of the future, the BMW Group is taking strategic steps to enhance its operating performance on a sustainable basis. As well as systematically implementing its strategy NUMBER ONE > NEXT, the company is also focusing on faster processes, leaner structures and therefore greater efficiency. In view of the many challenges currently facing the automotive sector, the BMW Group is ensuring it maintains its financial strength to influence and decisively shape individual premium mobility moving into the next decade, just as it has over the past ten years. "After three years of Strategy NUMBER ONE > NEXT, we remain firmly on course, having established a strong position as one of the world's top providers of e-mobility. We lead the European market and will soon go into series production of our fifth generation of electric drivetrain systems. We’re significantly expanding our presence in the upper luxury class. Our first highly automated vehicle will become available in 2021 and we are already now paving the way for the development of the next generation of groundbreaking technology. In the field of mobility services, we are joining forces with Daimler AG to create even greater momentum," said Harald Krüger, Chairman of the Board of Management of BMW AG, in Munich on Wednesday. "We need to work systematically on our operational excellence in order to leverage these strategic advances and ensure our ability to use our own underlying strength to help shape the sector’s transformation going forward," he added. To compensate for the increasing volume of upfront expenditure needed to drive the mobility of the future, the BMW Group is enhancing its business performance by comprehensively rolling out an array of new models. In the upper luxury class, for instance, the new BMW 8 Series (both the Coupé and the Convertible) and the new BMW X7 have already made their debut. The fully revamped BMW 7 Series is on its way to dealerships and will be flanked by the launch of the BMW 8 Series Gran Coupé in the further course of this year. The Group's next step will be to significantly rejuvenate and expand its range in the compact class. With this aim in mind, the next generation BMW 1 Series will be launched in autumn 2019 and the BMW 2 Series Gran Coupé, a new and highly emotive model, will be added to the compact segment in spring 2020 with a view to attracting new customers. High potential for boosting efficiency with Performance > NEXT Since 2017, the BMW Group has also worked systematically with Performance > NEXT to improve structural efficiency along the entire value chain. In this respect, numerous decisions have either been taken or are already being implemented. In view of the growing challenges and demands on resources, the Group intends to expand and intensify these efforts. By the end of 2022, it expects to leverage potential efficiencies totalling more than 12 billion euros. Many of the measures aimed at reducing product complexity will then come to full fruition in the following years. "Our industry is witnessing rapid transformation. In this environment, a sustained high level of profitability is crucial if we are to continue driving change," said Nicolas Peter, Member of the Board of Management of BMW AG, Finance. "In view of the numerous additional factors negatively impacting earnings, we began to introduce countermeasures at an early stage and have taken a number of far-reaching decisions. Discipline and a clear focus on rigorous implementation are essential as we aim to emerge from these challenging times stronger than ever." Performance > NEXT will also benefit from the fact that processes can be significantly accelerated by the new opportunities digitalisation offers. For instance, development times for new vehicle models will be reduced by as much as one third. Among other savings, digital simulations and virtual validation could eliminate the need for some 2,500 expensive prototype vehicles by the year 2024. The BMW Group continues to recruit skilled workers and IT specialists on a selective basis to engage in forward-looking projects such as digitalisation, autonomous driving and electric mobility. Nevertheless, the target for 2019 is to keep the workforce at the previous year's level. Compared to earlier years, the scale of natural attrition in the workforce has been exacerbated by demographic factors (including the baby boomer phenomenon), a situation which means the BMW Group can focus even more intensively on issues that will shape the future and increase efficiency. In addition, with effect from 1 April 2019 the BMW, MINI and Rolls-Royce automotive brands will be combined within a single sales division, clearly signalling a move towards even leaner processes and more efficient structures throughout the company. On the product side, from 2021 onwards, up to 50 per cent of today's drivetrain variants will be eliminated in the transition to more sophisticated and flexible vehicle architectures. This approach will also enable the BMW Group to focus on the products most in demand. At model level, no successor will be developed for the current generation of the BMW 3 Series Gran Turismo. Moreover, the model portfolio is regularly assessed with a view to identifying additional potential to reduce complexity. Synergy and efficiency opportunities in indirect purchasing as well as in materials and production costs are also being leveraged. Upfront expenditure set to remain high The BMW Group intends to implement the measures outlined above to offset the ongoing high level of upfront expenditure required to embrace the mobility of the future. Substantial volumes of future-oriented expenditure are again planned for 2019. At € 5,029 million, capital expenditure in 2018 was 7.3% above the previous year’s high level (€ 4,688 million). The Capex ratio rose to 5.2% (2017: 4.8%). Investments included work connected with the introduction of new models in the Spartanburg, Dingolfing and Munich plants and the building of the Group’s plant in Mexico. As planned, research and development expenses in 2018 were significantly higher than in the previous year and totalled € 6,890 million (2017: € 6,108 million; +12.8%). R&D expenditure for the year was therefore equivalent to 7.1% of Group revenues (2017: 6.2%). In addition to ramping up the roll-out of new models, the focus is also on future-oriented topics such as autonomous driving and the systematic expansion of electric mobility. Pioneer systematically expands e-mobility product range With more than 350,000 units (over 130,000 fully electric vehicles and more than 220,000 plug-in hybrids) delivered to customers up to the end of 2018, the BMW Group is already a leading supplier of electrified vehicles and expects to have more than half a million units on the roads by the end of the year. At the beginning of March, the new plug-in hybrid versions of the BMW 3 Series, BMW 7 Series, BMW X5 and BMW X3, which now come with extended electric range, were showcased at the Geneva Motor Show. By the end of next year, the BMW Group will have more than ten new or revised models equipped with fourth-generation electric drivetrain technology ("Gen 4") on the roads. By the end of 2019, these will include the all-electric MINI Electric manufactured at the Oxford plant and, from 2020, the BMW iX3, which will be produced for the world market in Shenyang, China. Together with the pioneering BMW i3, the BMW i4 and the BMW iNEXT, the Group will have five all-electric models on the market by 2021 and the number is scheduled to rise to at least twelve models by 2025. Including the rapidly growing range of plug-in hybrids, the BMW Group’s product portfolio will then comprise at least 25 electrified models. This wide range of electrified models on offer will be made possible by highly flexible vehicle architectures and an equally agile global production system. Going forward, the BMW Group will be capable of manufacturing models with all-electric (BEV), hybrid-electric (PHEV) and conventional (ICE) drivetrains on one production line. The ability to integrate e-mobility in its production network will enable the BMW Group to respond even more flexibly as demand grows. The BMW Group is currently developing the fifth generation of its electric drivetrain, in which the interplay of electric motor, transmission, power electronics and battery will be further optimised. Integrating the electric motor, the transmission and power electronics also plays a role in cutting costs. Furthermore, the electric motor does not require rare earths, enabling the BMW Group to reduce its dependence on their availability. The fifth generation of the Group's electric drivetrain technology will be installed for the first time in the BMW iX3 from 2020. Cooperation for next generation of autonomous driving The BMW Group believes long-term partnerships within a flexible, scalable, non-exclusive platform are key to advancing the industrialisation of autonomous driving. As early as 2016, the BMW Group established a non-exclusive platform with technology specialists, suppliers and OEMs to take the technology to series maturity and has now successfully consolidated work in this area at the Autonomous Driving Campus in Unterschleißheim, near Munich. The generation of technologies currently under development will go into series production as Level 3 automation in the BMW iNEXT in 2021, this vehicle will also be Level 4-enabled for pilot projects. The BMW Group has joined forces with Daimler AG to advance the development of the next generation of technologies needed for autonomous driving. At the end of February, the two companies signed a Memorandum of Understanding (MoU) to jointly develop the technologies that are vital for future mobility. Initially, the focus will be on advancing the development of next-generation technologies for driver assistance systems, automated driving on highways and parking features (in each case up to SAE Level 4). The BMW Group and Daimler AG view their partnership as a long-term, strategic cooperation and aim to make next-level technologies widely available by the middle of the coming decade. Combining the outstanding expertise of the two companies will boost their joint innovative strength. Moreover, it will both accelerate and streamline the development of future technology generations. The development of current-generation technologies and the ongoing collaborations both companies have in this field will remain unaffected and continue as planned. Both parties will also explore additional partnerships with other technology companies and automotive manufacturers that could contribute to the success of the platform. Major investments in joint venture for mobility services The BMW Group and Daimler AG are also working together in the field of mobility services, creating a new global player that provides sustainable urban mobility for its customers. The two companies are investing more than one billion euros to develop and more closely intermesh their offerings for car-sharing, ride-hailing, parking, charging and multimodal transport. The cooperation comprises five joint ventures: REACH NOW (multimodal), CHARGE NOW (charging), FREE NOW (ride-hailing), PARK NOW (parking) and SHARE NOW (car-sharing). The common vision is clear: the five services will increasingly merge to form a single mobility service portfolio with an all-electric, self-driving fleet of vehicles that charge and park autonomously and also interconnect with other modes of transport. This service portfolio will be a key cornerstone in the BMW Group’s strategy as a mobility provider going forward. The cooperation represents the ideal approach for maximising opportunities in a growing market, while jointly shouldering the unavoidable cost of investment. Challenging conditions in the financial year 2018 In terms of its core business, the BMW Group had always expected 2018 to be a challenging year. Compared with 2017, alongside additional upfront expenditure for the mobility of the future, a high three-digit million euro negative impact from exchange-rate and raw materials price developments had been factored into expected earnings for the year. As announced on 25 September 2018, several additional factors dampened business performance in the third quarter. Unlike many of our competitors, the BMW Group implemented the requirements of the WLTP regulations early. The industry-wide shift to the new WLTP test cycle resulted in considerable supply distortions in Europe and unexpectedly intense competition, given that numerous competitor models which had not yet gained WLTP certification were registered before the 1 September deadline. Within the framework of its flexible production and sales strategy, the BMW Group responded to the situation by reducing its volume planning to focus on earnings quality. At the same time, increased statutory and non-statutory warranty measures resulted in significantly higher additions to provisions in the Automotive segment. Ongoing international trade conflicts also served to exacerbate the market situation and feed uncertainty. These circumstances resulted in greater-than-expected distortions in demand and unexpected pressure on pricing in several markets. Nevertheless, deliveries of the BMW Group’s three premium automotive brands (BMW, MINI and Rolls-Royce) grew by 1.1% to a new record figure of 2,490,664 units in 2018 (2017: 2,463,526 units). At € 97,480 million, Group revenues were at the previous year’s level (2017: € 98,282 million: -0.8%). Adjusted for currency factors, they increased by 1.2%. Due to the various adverse aspects arising in the third quarter, combined with high levels of upfront expenditure for research and development, profit before financial result was € 9,121 million (2017: € 9,899 million; -7.9%). At € 9,815 million, Group profit before tax in 2018 was moderately down on the previous year, but nevertheless the second-best result ever recorded in the company's history (2017: € 10,675 million; -8.1%). At 10.1% (2017: 10.9%), the return on sales before tax (EBT margin) exceeded the target value of ten percent. Group net profit amounted to € 7,207 million (2017: € 8,675 million; -16.9%). In the previous year, net profit was exceptionally high due to valuation effects of around € 1 billion arising in connection with the US tax reform. Despite very challenging conditions, the Automotive segment generated free cash flow of € 2,713 million in 2018 (2017: € 4,459 million). Based on the annual financial statement, the Board of Management and the Supervisory Board will propose payment of a dividend of € 3.50 per share of common stock and € 3.52 per share of preferred stock at the Annual General Meeting on 16 May 2019. This is the second highest payout in the company's history. The total dividend payment will amount to € 2.3 billion, or 32.0% of net profit (previous year: 30.3%3). Automotive segment exposed to volatile business conditions At € 85,846 million, Automotive segment revenues were at a similar level to the previous year (2017: € 85,742 million; +0.1%). Influenced by the factors referred to above and combined with high levels of upfront expenditure for research and development, EBIT was € 6,182 million (2017: € 7,888 million; -21.6%). Due to various adverse factors, the EBIT margin came in at 7.2% (2017: 9.2%). Profit before tax amounted to € 6,977 million (2017: € 8,717 million; -20.0%). A total of 2,125,026 BMW brand vehicles were delivered to customers worldwide (2017: 2,088,283 units; +1.8%). As well as the BMW 5 Series (382,753 units; +10.2%), the BMW X family in particular benefited from strong demand during 2018, with worldwide deliveries up significantly on the previous year to 792,605 units (+12.1%). The BMW X3 made an important contribution to this performance, with deliveries up by more than one third to 201,637 units (+37.7%). Worldwide deliveries of MINI brand vehicles during the twelve-month period totalled 361,531 units (2017: 371,388 units; -2.8%). The MINI Countryman recorded double-digit growth with 99,750 units (+17.5%). Almost every seventh MINI Countryman was a plug-in hybrid (13.3%). In 2018, Rolls-Royce Motor Cars achieved its best sales result in over 100 years of corporate history with 4,107 deliveries worldwide (2017: 3,362 units; +22.2%). The Rolls-Royce Phantom contributed substantially to this performance. While deliveries of the BMW Group’s three automotive brands in Europe remained at the previous year's high level (1,098,523; -0.3%), the Americas (457,715 units; +1.5%) and Asia (876,614 units; +3.3%) regions recorded slight growth. In China, volumes grew significantly as local production of the new BMW X3 was ramped up in the second half of the year. A total of 640,803 BMW Group vehicles were delivered to customers in the course of 2018 (+7.7%). Motorcycles segment revises model range BMW Motorrad revised its 2018 product range on a massive scale, adding nine new models. Production adjustments necessary during the ramp-up phase had a negative impact on deliveries during the first half of the year. Over the full year, 165,566 BMW motorcycles and maxi-scooters were delivered to customers (2017: 164,153 units; +0.9%). Revenues totalled € 2,173 million (2017: € 2,272 million; -4.4%). Profit before financial result came in at € 175 million (2017: € 207 million; -15.5%), corresponding to a segment EBIT margin of 8.1% (2017: 9.1%). Profit before tax amounted to € 169 million (2017: € 205 million; -17.6%). Financial Services segment records contract portfolio growth The Financial Services segment continued to perform well in 2018. In total, 1,908,640 new contracts were signed with retail customers in 2018 (2017: 1,828,604; +4.4%). The contract portfolio with retail customers comprised 5,708,032 contracts at 31 December 2018 (31 December 2017: 5,380,785 contracts; +6.1%). Segment revenues totalled € 28,165 million (2017: € 27,567 million; +2.2%). Profit before tax amounted to € 2,161 million (2017: € 2,207 million; -2.1%). Slight increase in workforce The BMW Group’s workforce comprised 134,682 employees at 31 December 2018, 3.7% more than at the end of 2017. The Group continues to recruit skilled staff and IT specialists in future-oriented areas such as digitalisation, autonomous driving and electric mobility. Business development in 2019 influenced by challenging environment The BMW Group sets itself ambitious targets, even in politically and economically turbulent times. With its young product portfolio, further rejuvenated by new models such as the BMW X7 and the seventh generation of the BMW 3 Series, the Group aims to remain the world’s leading manufacturer in the premium segment, underpinned by growth in all major sales regions. In view of the various model changes currently in progress, business is expected to develop more strongly in the second half of the year. In 2019, the BMW Group will continue to invest substantial amounts in new technologies and the mobility of the future. However, costs are also being driven up in other areas, including the significantly higher cost of complying with stricter CO2 legislation. Against this background, rising manufacturing costs are likely to have a dampening effect on earnings. Moreover, unfavourable currency factors and higher raw materials prices are expected to have a medium to high three-digit million negative impact. At the same time, the ongoing issue of international trade conflicts remains a source of uncertainty. Taking all these factors into consideration, the BMW Group is confident of its ability to achieve volume growth in the Automotive segment, where it is targeting a slight increase in the number of deliveries to customers in 2019. Within a stable business environment, an EBIT margin in the range of 8 to 10% remains the ambition for the BMW Group. However, its ability to influence underlying conditions is limited. Based on the prevailing conditions described above, an EBIT margin of 6 to 8% is forecast for the Automotive segment in 2019. The Motorcycles segment is forecast to achieve a solid increase in deliveries to customers thanks to its rejuvenated model range. As in 2018, the EBIT margin is expected to be within the target range of 8 to 10%. For its Financial Services segment, the BMW Group forecasts a return on equity at the previous year's level, and therefore above the underlying target of 14%. In addition to the various negative influences described above, the fact that some positive valuation effects recorded in 2018 will not be repeated in 2019 will result in a significant decline in the Group’s financial result. Group profit before tax is therefore also expected to be well below the previous year's level. Forecasts for the current year are based on the assumption that worldwide economic and political conditions will not change significantly. Any deterioration in conditions could have a negative impact on the outlook. The BMW Group will vigorously continue to implement measures necessary to promote growth, improved performance and efficiency, thereby creating the freedom to enable it to shape the future and secure its own competitiveness going forward. Thanks to its operational and financial strength, the BMW Group is in an excellent position to shape the current transformation of the automotive sector and further develop its leading role in the industry. The BMW Group – an Overview 2018 2017 Change in % Deliveries to customers Automotive units 2,490,664 2,463,526 1.1 thereof: BMW units 2,125,026 2,088,283 1.8 MINI units 361,531 371,881 -2.8 Rolls-Royce units 4,107 3,362 22.2 Motorcycles units 165,566 164,153 0.9 Workforce1 (compared to 31.12.2017) 134,682 129,932 3.7 EBIT margin Automotive segment 3 % 7.2 9.2 -2.0 % pts EBIT margin Motorcycles segment 3 % 8.1 9.1 -1.0 % pts EBT margin BMW Group 3 % 10.1 10.9 -0.8 % pts Revenues 3 € million 97,480 98,282 -0.8 thereof: Automotive 3 € million 85,846 85,742 0.1 Motorcycles 3 € million 2,173 2,272 -4.4 Financial Services € million 28,165 27,567 2.2 Other Entities € million 6 7 -14.3 Eliminations 3 € million -18,710 -17,306 -8.1 Profit before financial result (EBIT) 3 € million 9,121 9,899 -7.9 thereof: Automotive 3 € million 6,182 7,888 -21.6 Motorcycles € million 175 207 -15.5 Financial Services € million 2,190 2,194 -0.2 Other Entities € million -27 14 - Eliminations 3 € million 601 -404 - Profit before tax (EBT) 3 € million 9,815 10,675 -8.1 thereof: Automotive 3 € million 6,977 8,717 -20.0 Motorcycles € million 169 205 -17.6 Financial Services € million 2,161 2,207 -2.1 Other Entities € million -45 80 - Eliminations 3 € million 553 -534 - Income taxes 3 € million -2,575 -2,000 -28.8 Net profit for the year 3.4 € million 7,207 8,675 -16.9 Earnings per share 2.3 € 10.82/10.84 13.07/13.09 -17.2/-17.2 View full article

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