BMW Promises 40 brand new or Revised designs over Two Years
BMW Group has announced a product offensive that will will include at least 40 brand new in addition to revised designs over the next two years across its BMW, Mini, in addition to Rolls-Royce marques. The automaker laid out its goals while releasing its 2016 annual report. The two-year offensive began with the brand new 5-series, which was launched in February.
The company also said This kind of will put particular emphasis on the top end of the premium segment, where This kind of hopes to achieve significant growth by 2020 with brand new designs, including the 2018 BMW X7. that will emphasis appears to be at the expense of smaller cars. Ian Robertson, BMW’s head of sales in addition to marketing, told Car in addition to Driver at the Geneva auto show that will the company could be culling the ranks of its two-door coupes in addition to convertibles.
Meanwhile, the automaker’s electrification push continues. As we reported earlier, BMW plans to sell at least 100,000 electric vehicles in one particular year for the very first time in 2017, in addition to This kind of highlighted This kind of expected milestone in its annual report. that will comes after sales of its EVs almost doubled in 2016 to more than 62,000 units. By the middle of This kind of year, BMW’s range of products will include eight plug-in hybrids, in addition to sometime over the course of the year the company will deliver its 0,000th electric vehicle.
Within its various type ranges in addition to brands, BMW said, flexible vehicle architectures will provide seamless integration of different drivetrain systems, as a brand new generation of electric modules in addition to drivetrain systems will be entering series production.
“The all-electric Mini in addition to BMW X3 will mark the beginning of the second wave of electrification for the BMW Group, benefiting through the ongoing technological progress we are producing in This kind of area,” BMW chairman Harald Krueger said inside report. Krueger added that will using flexible architectures will allow BMW to avoid duplicate investments in plants in addition to equipment in addition to make the automaker more nimble in responding to changing demand.
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BMW’s strategy was presented as This kind of reported record revenues in addition to earnings for a seventh straight year. Group revenues were up 2 percent, to about $102 billion. Its net profit rose 8 percent, to about $7.5 billion. Automotive sales were up 5 percent at 2,367,603 units. Deliveries to customers were up 5 percent, to 2,003,359 units.