[Jason]

BIMMERPOST NEWS

BMW Reports Q3 Results and Makes Forecasts

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New BMW CEO Oliver Zipse has just reported BMW's Q3 results. Here are the key points from the report:

• 33% Q3 operating profit rise (mostly due to strong SUV sales and lack of the one-off factors which depressed earnings last year lifted this year's earnings.

• Earnings before interest and taxes (EBIT) rose to 2.29 billion euros (£1.97 billion), up from 1.72 billion euros in Q3 last year.

• Operating margin rose to 6.6% from 4.4% in the year-earlier period.

• BMW on track to meet full-year targets.

• BMW passenger cars sales rose 3.6% in Q3.

• 5.8% sales rise rise in China in September, due to X3.

• The company predicts sales of its electrified vehicles (includes hybrids) will rise 100% by 2021, and rise 30% annually between 2021 and 2025.

• BMW will cut development times of vehicles by a third and the number of drivetrains by 50% from 2021 onwards.

[mrbrett]

Originally Posted by Jason

BMW will cut development times of vehicles by a third and the number of drivetrains by 50% from 2021 onwards.

Did they decide BMWs were too reliable or something?

[..Rush..]

Good numbers

[Miko M]

Hope they don't cut more of maintenance program to save more. Lol

[M3Ben]

Originally Posted by mrbrett

Did they decide BMWs were too reliable or something?

It should precisely be the opposite.

[cfm56d7b]

It will be interesting to see how the 50% reduction in powertrains will impact model availability.

[Resjudicata]

Originally Posted by cfm56d7b

It will be interesting to see how the 50% reduction in powertrains will impact model availability.

they are going to cut out big v8 and go for smaller electric cars and 4 or 6 cylinders.
the days of v12s and v8s will soon be gone.

[mkoesel]

Originally Posted by Resjudicata

they are going to cut out big v8 and go for smaller electric cars and 4 or 6 cylinders.
the days of v12s and v8s will soon be gone.

The V8 will be around for awhile yet. A new S68 (and presumably an N68 as well) is known to be coming soon to replace the S63. The V12 is indeed likely (all but guaranteed at this point) to be gone from the 7 Series after this generation, but it will continue in Rolls Royce models for years to come.

We already know some of the drivetrain combinations that are going away soon:

- S55 (including both DCT and 6MT)
- B58B30M0 (including both ZF8 and 6MT)

I would not be surprised to see RWD six cylinder gasoline and hybrid (maybe diesel too) models phased out entirely by the end of next decade, including the RWD S58 combination rumored for the G8x M2/M3/M4. I would also expect to see hybrids replace many gasoline and diesel models over that time period as well.

[clee1982]

glad I got my B58 for now then...

[Mingwan]

Looking forward to 3 and 4 cylinder M cars.