BERLIN — BMW expects to succeed in the upper finish of its 7-9 p.c margin goal for the automobiles enterprise and sees slight gross sales development in 2023, Chief Financial Officer Nicolas Peter stated.
Demand was recovering in China within the third quarter after lockdowns plagued the primary half, Peter stated, describing it as a “roller coaster” yr of their largest gross sales market.
In Europe, order books have been nonetheless full however demand was weak in Germany and the UK, and stronger in France, Spain and Italy.
BMW expects to hit its goal of 10 p.c totally electrical gross sales this yr at round 240,000 to 245,000 automobiles and will see that determine rising to round 400,000 subsequent yr, Peter stated on Monday.
Like different carmakers, BMW has needed to deal with shortages of semiconductors and provide chain disruptions associated to the pandemic which have slowed the manufacturing of EVs.
Compared to final yr, international gross sales this yr can be barely decrease as a result of losses within the first half, in line with Peter.
Next yr, nevertheless, the corporate goals to make “another big leap” in purely electrical automobiles, he added.
Asked how BMW was responding to the fuel scarcity in Europe, Peter stated it had lowered its fuel consumption in Germany and Austria by 15 p.c and anticipated to have the ability to lower it additional.
“The gas issue will not have any direct impact on us this year,” Peter stated, including they’d additionally not seen any manufacturing cuts in its provider community thus far.
Volkswagen and Mercedes-Benz have outlined contingency plans prior to now week ought to their provider networks fail to ship components, together with rising orders from suppliers exterior of the European nations most affected by the fuel disaster.
Peter didn’t give specifics on whether or not BMW was doing the identical however stated it had developed a far nearer relationship with its provider community because the chip scarcity.
Bloomberg contributed to this report
Source: www.autonews.com