BMW Has 25 New Cars Planned for Next Two Years

BMWBMWGermany, 1918 > present87 models
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held its investors' meeting earlier on May 14 where it announced finalized financial figures for 2012 and forecasted for the rest of 2013 and part of 2014. 

The biggest announcement to come out of the meeting is that BMW plans to add 11 new models for 2013 and 15 new models in 2014. Ten of them will be all-new models without a predecessor. Of the announced models, we know that two of them will be the i3BMW i3Germany, 2011 > present26 photos
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and i8. The X4BMW X4 ConceptGermany, 2014 > 2013 crossover is likely a third model of the 10. 

The big push for 2013 will be for the i3 that will be on sale before the end of the year. It believes that the car will be revolutionary in the history of cars because of its long range and being the first mass-produced car to use significant amounts of carbon fiber reinforced plastic. 

It is also moving forward with plans to have a factory in Brazil in 2014 that will be able to build 30,000 cars a year. 

“We aim to maintain a good balance of sales between the three major regions of the world: Europe, the Americas and Asia,” emphasized Reithofer. Last year, the US accounted for 18.9% of total sales, China 17.7% and Germany 15.6%," said BMW Chairman Norbert Reithofer. 

During the meeting, BMW also reported its financial results for the first quarter of 2013. Total revenue for the quarter was €17.546 billion, down 4.1% from the first quarter of last year. Profit before interest and taxes for the first quarter was €2.039 billion, down 4.5%. Net profit for the first quarter was €1.312 billion, down 3.0%. Despite being down from last year, the first quarter of this year is still the second-highest first quarter financial result for BMW ever. 

For the first quarter of 2013, BMW Group sold 448,200 units worldwide, up 5.3%. 

While the results were down slightly from last year, it is understandable because BMW had its best financial year in its history in 2012. It made €76.848 billion in revenue; net profit was €5.122 billion. It sold 1,845,186 cars in 2012.

BMW's workforce increased by 5.6% last year to 105,876 employees worldwide, which includes 1,376 trainees and 4,266 apprentices worldwide.