Munich. The BMW Group increased its sales and consolidated results in the third quarter of 2020 and is on track to meet its full-year targets at the nine-month stage. In the third quarter, the BMW Group benefited from a recovery in regional demand as well as an attractive model portfolio for customers. At the same time, cost-effectiveness and cash management remain essential factors to best cope with the lingering effects of the corona pandemic in its various regional rebounds. “We will continue to act as a BMW and develop solutions in a constructive dialogue with workers` representatives. We have agreed on a set of proactive measures that will help improve the company`s bottom line in the short term, but also maintain our capacity for innovation in the long term,” said Ilka Horstmeier, Member of the Board of Management of BMW AG, Responsible for Personnel and Labour Relations, the agreement reached. “This way, we will remain a reliable employer.” Munich. The BMW Group is bringing younger members into its management team: at its meeting today, the Supervisory Board of BMW AG appointed Ilka Horstmeier (50) and Milan Nedeljkovic (50) as new members of the Executive Board. Munich. THE BMW GROUP strengthens its presence in China. In the presence of Chinese Premier Li Keqiang and German Chancellor Angela Merkel, BMW Group and its partner Brilliance Automotive Group Holdings signed a long-term framework agreement to further develop their BMW Brilliance Automotive (BBA) joint venture.
BBA is increasing the capacity of its two local production sites, Tiexi and Dadong, in Shenyang, Liaoning Province, to a total of 520,000 BMW brand vehicles in 2019. In addition, BBA`s all-electric BMW iX3 is planned for export to markets outside China. Munich. The BMW Group is reorganizing its Board of Directors to create a new, lighter and forward-looking structure. From 1 April 2019, the BMW, MINI and Rolls-Royce car brands will be part of a new centralised distribution division. It is led by Pieter Nota, until now responsible for sales and the BMW brand, Aftersales BMW Group. Nota remains responsible for additional functions such as brand and product management as well as after-sales. BMW Moto is now part of the development division under the leadership of Klaus Fröhlich.
The next steps will be to agree on the details of a possible joint venture and a possible cooperation agreement and to clarify aspects such as the choice of production site and concrete investments. The BMW Group does not plan to create an additional distribution organization in China. The company is determined to continue its successful collaboration with the established distribution structure. The future of automated driving promises to change lives and societies for the better. However, the path to a fully autonomous world is complex and requires end-to-end solutions that integrate intelligence across the network, from door locks to data centers. The transport providers of the future must use rapidly developing technologies, cooperate with new partners and prepare for disruptive possibilities. Munich / Landshut. For the fifth time, the Bmw Group awarded the BMW Supplier Innovation Award to its suppliers for their excellent work of innovation and development: a total of 15 suppliers were awarded on Wednesday evening at the BMW Group Landshut plant for their outstanding performance and collaboration. Five winners were selected in the categories of productivity, sustainability, efficient dynamism, digitalization and emotional experience.
“Today`s signing is another chapter in the success of our BMW Brilliance Automotive joint venture,” said Harald Krüger, Chairman of the Board of Management of BMW AG. . . .