Showing posts with label X5. Show all posts
Showing posts with label X5. Show all posts
Monday, August 24, 2015
BMW annouces that ALL models will now come fully equipped with Satellite Navigation as standard.
BMW UK is pleased to announce that from September 2015, BMW Navigation will be included as standard equipment across the range. From July onwards, the BMW 2 Series Convertible and 2 Series Active Tourer will receive navigation as a standard feature.
Read more »
In addition to this, the BMW Z4 range will receive BMW Professional Navigation also from July production onwards. In September going forwards the BMW 1 Series range and 2 Series Coupé will include navigation as standard.
These broad sweeping enhancements to the already high specification of BMW cars will mean that every BMW offered for sale in the UK will come with navigation as standard by the end of 2015.
BMW has a long lead the way in terms of standard specification, and this latest move makes the Munich manufacturer the only company to offer navigation as standard across such a broad range of market segments. When combined with some of the other standard features, such as BMW Emergency Call, DAB radio and Bluetooth with audio streaming, every BMW offers an extensive suite of advanced communication and entertainment features.
Every model in the company's range will soon come with a 6.5-inch high definition screen, iDrive controller and Traffic Message Channel. Building on this Professional Navigation adds a larger 8.8-inch screen with iDrive Touch controller, Real Time Traffic Information (RTTI) and BMW Online including BMW Remote Services, which allows drivers to send Navigation addresses directly to their vehicle via Google or the BMW My Remote app.
In addition to this news, the cost to upgrade to Professional Navigation for the 1 and 2 Series models has been reduced. Customers of the 1 Series Sports Hatch and 2 Series Coupé and Convertible can enhance their car this way for just £900. The upgrade cost for 2 Series Active Tourer and Gran Tourer customers has also been reduced to £1,395, with this package also including the BMW Head up Display.
Jeff Knight, Forecasting Editor Cars, CAP, said: "BMW introducing navigation across its entire model range is a first for any mainstream manufacturer in the UK and will inevitably pave the way for others to follow. On-board navigation systems now offer so much more technology than previously seen with the likes of 2D & 3D navigation map displays, traffic information and particularly with BMW standard e-call functionality which is a key safety feature. As well as having standard navigation across the range all BMW models will see an improvement on their residual value from between £300 to £600 (model dependant) so this is good news all round for the customer."
BMW ConnectedDrive in 2015
The BMW ConnectedDrive suite of technologies is vast and the key points are outlined below:
BMW Emergency Call
More commonly referred to as ‘eCall’, this provides the peace of mind that in the event of an accident your vehicle can automatically make an emergency call to the emergency services via a BMW contact centre. This can be completed manually by pressing the SOS button in the vehicle head unit. However, in the case of a more serious accident, crash sensors in the vehicle will automatically trigger an emergency call allowing an agent to establish contact with the vehicle. Vehicle details and GPS data are also transferred, pinpointing the precise location enabling the services to respond immediately.
BMW Teleservices
Teleservices provides peace of mind by the car automatically reporting important technical information to the customer’s assigned dealer e.g. service requirements or technical faults.
BMW Online services and apps
The BMW Online portal provides convenient access to web-based information to ensure that you have all the information you need along your journey.
News: World, Business, UK, Entertainment and Sports (including Premier league football results and table). With the text-to-speech function articles can be read aloud to the driver.
Weather: Five day weather forecast for current location or any destination.
Google Local Search: Online POI search from live Google data to ensure the information is up to date.
Send-to-car: Addresses and POIs can be sent to car via Google Maps ahead of journey.
App interface supports BMW Connected applications via compatible mobile device: including Spotify, Life360, Facebook, Twitter and many more. BMW Online also offers support for selected email services directly into the car, including Gmail, Yahoo, Hotmail, Live and Outlook.
Real Time Traffic Information (RTTI)
RTTI provides up-to-the-minute details on the flow of traffic and potential delays along your journey. The information is presented on the Navigation map by using a colour coding system allowing you to actively monitor how the traffic situation is changing. Road networks can be divided into distances as short as 500m for superior accuracy and dependency. The system also recommends for or against alternative routes based on the potential time saving benefits allowing you to relax in the knowledge that the most time efficient route is being taken.
Concierge service
The BMW Concierge Service provides additional convenience and support should you require location-based information e.g. addresses or phone numbers. The Customer Information Centre is available 24 hours a day, 7 days a week. With the touch of a button you can have a personal conversation with an agent who can discuss a variety of enquiries and then send the required details straight down to your car. Information can then be imported into your Navigation system or you can call the relevant telephone number using your Bluetooth paired device.
Remote Services
BMW Remote Services allows you to contact and control certain features of the car remotely. Services can be performed by calling the Customer Information Centre or simply using your smartphone.
Features include:
- Remote lock/unlock
- Vehicle finder (when within 1,500m of the car)
- Headlight flash e.g. to identify vehicle at night or in large car park
- Google search and send-to-car
4G connectivity and other over the air map updates
Free of charge over-the-air map updates taking place in the background up to 4 times per year. 4G connectivity for faster downloads of applications, media via online entertainment option and map updates. Able to pass these benefits onto second owner as map updates can be purchased over-the-air after free period ends with lower cost than current Retailer updates.
Online entertainment for cars
First direct to car music streaming service in Europe. Using the built-in 3G SIM card, drivers can stream music online, directly from their BMW without the need for a smartphone or MP3 player with access to over 25 million tracks. i–Cloud-based service can be accessed on PC, tablet, smartphone and your BMW for a seamlessly connected personal music library.
Sunday, August 23, 2015
BMW Group announces Income, sales and profits for the full financial year.
- New highs for sales volume, revenues and earnings in first quarter
- Group revenues up by 14.7% to € 20.9 billion
- Profit before financial result 20.6% higher at € 2.5 billion
- Profit before tax improved to approximately € 2.3 billion
- Automotive segment EBIT margin of 9.5%
- Earnings outlook for current year confirmed
Group revenues grew significantly by 14.7% to € 20,917 million (2014: € 18,235 million). Profit before financial result (EBIT) for the three-month period rose by 20.6% to € 2,521 million (2014: € 2,090 million), thanks to strong performances by the Automotive, Motorcycles and Financial Services segments.
The EBIT margin for the Group was 12.1% (2014: 11.5%). Profit before tax(EBT) improved by 5.1% to € 2,269 million (2014: € 2,159 million). Net profit came in at € 1,516 million (2014: € 1,458 million), 4.0% ahead of the previous year's first quarter.
Automobile sales volume of the BMW Group climbed by 8.1% to 526,669 units (2014: 487,024 units), thus setting a new record for the period. "We have got off to a good start in 2015", commented Norbert Reithofer, the Chairman of the Board of Management of BMW AG on Wednesday in Munich.
Automotive segment: EBIT margin at upper end of target range
Automotive segment revenues increased by 14.1% in the first quarter to € 18,893 million (2014: € 16,559 million) due to the increase in sales volume and changes in the fixed exchange rates. EBIT climbed by 13.5% to € 1,794 million (2014: € 1,580 million).
The EBIT margin in the Automotive segment was unchanged at 9.5% and is therefore in the upper half of the targeted range of between 8 and 10%. Profit before tax amounting to € 1,634 million (2014: € 1,643 million; -0.5%) was at a similar level to the previous year. Earnings were held down by a number of factors, such as fair value losses recognized on commodity derivatives.
The BMW brand also recorded a new sales volume high, with 451,576 units (2014: 428,259 units; +5.4%) sold during the first quarter. Tailwind came from numerous models, including the BMW X5 and the 4, 5 and 6 Series, each of which achieved the pole position in their relevant segments.
The BMW 2 Series recorded a total sales volume of 27,930 units (2014: 2,608 units) in the period from January to March. Sales of the BMW 3 Series remained at a high level, with 107,283 units (2014: 116,671 units; -8.0%) sold during the period. As the Convertible and Coupé models are now part of the BMW 4 Series, the previous year's high level was not quite achieved. Sales of the BMW 4 Series more than doubled in the same period to 36,545 units (2014: 17,709 units).
The various models of the BMW X family also remain very popular. First-quarter sales of the BMW X4 totalled 13,925 units. The BMW X5 recorded a 29.7% jump in sales volume to 40,242 units (2014: 31,025 units), while the BMW X6 increased sales by 4.7% to 9,588 units (2014: 9,160 units).BMW i remains on the road to success, with a total of 6,636 units (2014: 2,022 units; +228.2%) sold in the first quarter.
MINI , too, recorded a new high for first-quarter deliveries to customers, registering a sales volume of 74,312 units (2014: 57,868 units), 28.4% up on the previous year. Sales of the MINI (3 and 5 door) more than doubled to 47,922 units (2014: 17,860 units).
In the ultra-luxury segment, Rolls-Royce Motor Cars achieved the second-best first-quarter sales volume performance in its history, with 781 units delivered to customers (2014: 897 units; -12.9%), including 310 units (2014: 305 units; +1.6%) of the Rolls-Royce Ghost.
In line with its strategy of a balanced distribution of worldwide sales, the BMW Group recorded sales volume growth in all major sales regions.
In Europe, sales of the Group's three automobile brands increased by 9.6% to 234,849 units (2014: 214,210 units). Sales volume was 3.4% higher in Germany at 64,610 units (2014: 62,502 units). The number of vehicles sold in the United Kingdom grew by 15.1% to 53,534 units (2014: 46,500 units).
A total of 166,678 units (2014: 158,582 units; +5.1%) was sold in Asia, including sales on the Chinese mainland which grew by 6.4% to 115,078 units (2014: 108,143 units).
In the Americas region, sales volume climbed by 9.9% to 109,743 units (2014: 99,840 units), with sales in the USA rising significantly by 12.6% to 91,479 units (2014: 81,248 units).
Motorcycles segment records new highs
The Motorcycles segment continues to perform well. Segment revenues for the three-month period grew by 20.1% to € 567 million (2014: € 472 million) on the back of good sales volumes and a high-value model mix. EBIT rose by 79.7% to € 115 million (2014: € 64 million), while profit before tax advanced by 81.0% to € 114 million (2014: € 63 million). Sales volume climbed by 9.2% to 31,370 units (2014: 28,719 units). The figures reported for earnings and sales volume represented new first-quarter highs. The upward trend in business has been further boosted by the new BMW R 1200 R, R 1200 RS, S 1000 RR, S 1000 XR and F 800 R models, which have been in the showrooms since March.
Another successful quarter for Financial Services
The Financial Services segment continued to perform well during the period from January to March, recording new first-quarter highs. Segment revenues were 23.9% higher at € 6,058 million (2014: € 4,890 million), while profit before tax rose by 23.4% to € 559 million (2014: € 453 million). The segment result benefited in particular from favourable exchange rate developments.
In total, 384,565 (2014: 348,072) new financing and leasing contracts were signed during the first quarter, 10.5% more than in the previous year. The number of lease and financing contractsincreased by 6.0% to a total of 4,419,817 contracts (2014: 4,170,318 contracts).
Workforce increased
The size of the workforce grew by 5.5% compared to the end of the previous year's first quarter. Overall, the BMW Group had a worldwide workforce of 117,554 employees at the end of the reporting period (31 March 2014: 111,378 employees). The BMW Group continues to recruit engineers and other skilled workers, in order to keep pace with rising demand for BMW Group vehicles, push ahead with innovations and develop new technologies.
BMW Group reaffirms targets for the full year
The BMW Group can look ahead to the rest of the year with confidence, thanks to its attractive range of models. Economic conditions in some regions will, however, continue to pose challenges. The situation on the Russian automobile market, for instance, is likely to remain difficult. The ongoing process of normalisation of the Chinese automobile market is also likely to continue, resulting in less dynamic growth.
The BMW Group forecasts rising personnel costs over the course of the current financial year as well as ongoing upfront expenditure for further growth and new technologies. The political and economic environment is also expected to remain volatile.
The BMW Group expects tailwind in 2015 due to its attractive model range, the market launch of 15 new models and model revisions and because of the forecast positive development of international automobile markets.
The BMW Group reaffirms its targets for the full year. "We are aiming to achieve solid growth in 2015, and hence new record figures for sales volume and profit before tax", commented Reithofer. The BMW Group also predicts that it will remain the world's leading manufacturer of premium vehicles in 2015.
Automotive segment revenues are forecast to grow significantly due to the increase in sales volume and exchange rate factors. The company had previously expected a solid growth in revenues. The EBIT margin in 2015 is forecast to remain within the targeted range of between 8 and 10%.
The BMW Group forecasts that the Motorcycles segment will continue its upward trend in the current year, helped by positive contributions from the new models launched in time for the start of the biking season. Sales of BMW motorcycles over the year as a whole are forecast to grow solidly.
The Financial Services segment should also continue to perform well throughout 2015. Despite rising equity capital requirements worldwide, the BMW Group forecasts a return on equity (RoE) in line with the previous year’s level (2014: 19.4%), thus remaining ahead of the target of at least 18%.
The BMW Group's forecasts for the financial year 2015 are based on the assumption that political and economic conditions remain more or less stable.
The BMW Group – an overview | 1st quarter 2015 | 1st quarter 2014* | Change in % | |
Sales volume | ||||
Automotive | units | 526,669 | 487,024 | 8.1 |
Thereof: | ||||
BMW | units | 451,576 | 428,259 | 5.4 |
MINI | units | 74,312 | 57,868 | 28.4 |
Rolls-Royce | units | 781 | 897 | -12.9 |
Motorcycles | units | 31,370 | 28,719 | 9.2 |
Workforce1 | 117,554 | 111,378 | 5.5 | |
Revenues | € million | 20,917 | 18,235 | 14.7 |
Thereof: | ||||
Automotive | € million | 18,893 | 16,559 | 14.1 |
Motorcycles | € million | 567 | 472 | 20.1 |
Financial Services | € million | 6,058 | 4,890 | 23.9 |
Other Entities | € million | 2 | 2 | - |
Eliminations | € million | -4,603 | -3,688 | -24.8 |
Profit before financial result (EBIT) | € million | 2,521 | 2,090 | 20.6 |
Thereof: | ||||
Automotive | € million | 1,794 | 1,580 | 13.5 |
Motorcycles | € million | 115 | 64 | 79.7 |
Financial Services | € million | 555 | 465 | 19.4 |
Other Entities | € million | 40 | 10 | - |
Eliminations | € million | 17 | -29 | - |
Profit before tax (EBT) | € million | 2,269 | 2,159 | 5.1 |
Thereof: | ||||
Automotive | € million | 1,634 | 1,643 | -0.5 |
Motorcycles | € million | 114 | 63 | 81.0 |
Financial Services | € million | 559 | 453 | 23.4 |
Other Entities | € million | -23 | 57 | - |
Eliminations | € million | -15 | -57 | 73.7 |
Income taxes | € million | -753 | -701 | -7.4 |
Net profit | € million | 1,516 | 1,458 | 4.0 |
Earnings per share2 | € | 2.30/2.30 | 2.22/2.22 | 3.6/3.6 |
*Prior year figures partially adjusted in accordance with IAS 8
1 Figures exclude dormant employment contracts, employees in the work and non-work phases of pre-retirement part-time working arrangements and low wage earners
2 Earnings per share of common stock/preferred stock
Subscribe to:
Posts (Atom)