BMW CEO Norbert Reithofer has once again confirmed at BMW’s annual financial results press conference today that “there will be front wheel drive BMWs in the smaller vehicle classes in the future.” New FWD and AWD drivetrains are in the works and will be used in a new range of smaller entry level BMW cars and Mini cars. The new FWD models will slot in under the entry-premium 1-series models, which will keep their RWD architecture.
Below is a transcription of Dr. Norbert Reithofer, Chairman of the Board of Management of BMW AGs Speech at the 2010 Annual BMW Report. Dr. Reithofer discusses all the topics in front of BMW right now including the future of efficientdynamics and the future project-i megacity vehicle
Slides Accompanying Dr. Reithofers speech: Attachment 359958
BMW Group 2009 Annual Report: http://www.bimmerpost.com/goodiesfor…upGB2009EN.pdf
Ladies and Gentlemen,… CONTINUED
As part of the deluge of financial information released by BMW today, they have put out a positive outlook on 2010. BMW believes it retain its place as the worlds leading premium car maker by selling over 1.3million cars in 2010, which would represent a single digit percentage growth year over year.
To date all 3 of BMWs major segments, cars motorcycles and financials have seen positive earnings. But more importantly, BMW points to the all new 5-Series, which … CONTINUED
BMW is not only making its vehicles more and more environmentally friendly, but its factories as well. One example is the new differential assembly facility at the Dingolfing plant which has been optimized to lower the production costs for every differential unit by about 20 percent when the facility begins operation in mid-2011. From this alone, the building’s energy usage will be 25% below the German government’s recommended standard.
Munich, 16th March 2010. H&R is the new Technical Partner of BMW Motorsport. The specialist for suspension components will be involved as the BMW M3 GT2 takes to the track for this years 24-hour races. The company has supported BMW driver Uwe Alzen (DE) for several years. This partnership has how been extended for the 2010 GT season. As a result, the H&R logo will not only be seen on the cars, helmets, trucks and driver overalls, but also exclusively on Alzens cap.
BMWNA has just announced the names of the top performing BMW dealerships in the U.S. 24 out of 338 BMW dealers nationwide were awarded the “2010 Center of Excellence” (COE). The Centers were selected based on the criteria of customer satisfaction, outstanding brand representation, operational excellence and profitability. Did your dealer make the list? Check inside.
The F10 5-series will be manufactured in BMW’s plant in Dingolfing, Germany. As part of its website, BMW has set up a page dedicated to the plant, including a Virtual Plant Tour feature, which includes a view into the F10 5-series production process.
Despite the 2009 recession year and auto sales being down by volume, the BMW Group managed to post positive earnings for 2009. Worldwide the BMW Group increased its market share in the premium segment while retaining its position as the world’s leading premium manufacturer. In the US, BMW remained the best performing European premium car brand in the USA, and forecasts that sales in 2010 will increase.
We recently reported that a leasing program for the ActiveE electric car (based on the 1-series) will soon be launched worldwide, with 200 units available in the US. BMW has clarified and now says that while no exact # has been determined, there will be at least 450 ActiveEs coming to the US.
BMW Group Commitment to Electric Vehicle Development Unwavering
Woodcliff Lake, NJ – March 8, 2010… Recent published reports have … CONTINUED
Over the next year, a leasing program for the ActiveE electric car (based on the 1-series) will be launched worldwide. 600-700 units of the ActiveE car will be available for lease in major cities around the globe. The ActiveE runs off a synchronous electric motor which produces 170hp / 184lb-ft torque. A full charge takes about 4.5 hours allowing a driving range of 100 miles.
Things are looking up this year for the BMW Group in the U.S. as overall car sales improved 13.7% over February of last year. The increase was driven mostly by very large increases in sales of the X5 and the X6. In the large premium sedan segment, the BMW 7 Series has led the category for the last two months.
Two millionth engine to be built at BMW Hams Hall
Today, a four-cylinder 2.0L petrol engine will be the two millionth power unit to be built since production commenced nine years ago at the BMW engine production plant in Hams Hall, North Warwickshire.
The engine, will be transported to the Regensburg vehicle plant in Germany, built to order and ultimately destined for a British customer purchasing a 318i Saloon – the UKs best selling BMW model.
Many of you may not know this, but BMW will be the exclusive automotive sponsor for the 2012 London Summer Olympics. As such, BMW will provide 4,000+ of its cars to transport athletes, officials, media, organizing committee members and other VIPs throughout the Olympics. The London Organizing Committee of the Olympic and Paralympic Games (LOCOG) set targets for CO2 emissions
BMW has finally announced some more news regarding its Megacity Vehicle (aka Isetta) being developed under its project i program. The BMW sub-brand Isetta will produce high efficiency electric vehicles and is expected to come to market by at least 2015. Here is the press release:
BMW Introduces Joy to its Olympic Marketing Efforts. New “Story of Joy” Campaign Taps into Human Side of Brand and Provides Platform for Automaker’s Future Global Communications
Woodcliff Lake, NJ – February 12, 2010… BMW of North America today launched its largest brand awareness campaign in its history – “Story of Joy.” The campaign will break during the Opening Ceremony of the XXI Winter Olympic Games and continues at a pace heavy enough to make BMW the largest luxury automotive spender of the Games. “Story of … CONTINUED
BMW has announced a comprehensive contingency award program for BMW cars and BMW-powered cars in the 2010 GRAND-AM series races. They have fared very well so far in the 2010 GRAND-AM series. BMW race cars took #1-2 positions in the 2010 Continental Tire Sports Car Challenge and #2 in the Rolex 24 at Daytona held Jan 29-31.
BMW Posts 2010 GRAND-AM Contingency Program
2.11.2010 | Press Release
Certified Pre-owned sales account for 45% of all BMWNAs sales, so to boost such an important part of BMWs business, BMWNA is extending the maintenance plan on all CPO 2007 3-series, 5-series, and 7-series models sold between Feb. 2 – Mar. 31, to 6yr/100k miles.
Katarina Witt to be Olympic ambassador for the BMW Group. Two-time Olympic winner and BMW Group campaign for the 2018 Olympic and Paralympic Winter Games in Munich.
Munich. As a National Sponsor of Munich’s Olympic bid, the BMW Group is turning to high-profile support from the sporting arena: two-time Olympic figure skating champion Katarina Witt (44) has been appointed the BMW Group’s ambassador in the bid to host the 2018 Olympic and Paralympic Winter Games in Munich and Garmisch-Partenkirchen.
As … CONTINUED