BERLIN — BMW expects to achieve 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” 12 months 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 absolutely electrical gross sales this 12 months at round 240,000 to 245,000 automobiles and will see that determine rising to round 400,000 subsequent 12 months, Peter stated on Monday.
Like different carmakers, BMW has needed to cope with shortages of semiconductors and provide chain disruptions associated to the pandemic which have slowed the manufacturing of EVs.
Compared to final 12 months, international gross sales this 12 months might be barely decrease because of losses within the first half, in accordance with Peter.
Next 12 months, nevertheless, the corporate goals to make “another big leap” in purely electrical automobiles, he added.
Asked how BMW was responding to the gasoline scarcity in Europe, Peter stated it had diminished its gasoline 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 that they had additionally not seen any manufacturing cuts in its provider community to this point.
Volkswagen and Mercedes-Benz have outlined contingency plans prior to now week ought to their provider networks fail to ship elements, together with growing orders from suppliers outdoors of the European international locations most affected by the gasoline 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 for the reason that chip scarcity.
Bloomberg contributed to this report
Source: europe.autonews.com