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BMW Group Sets Ambitious Goals For The Future

30th May 2006

BMW Group Sets Ambitious Goals For The Future

Deliveries to rise to 1.6 million vehicles by 2010

Retail target of 1.4 million vehicles will already be met in 2007

The BMW Group’s international retail target of 1.4 million vehicles, originally expected to be reached in 2008, will be met one year ahead of schedule, further strengthening the company’s position as the world's leading premium manufacturer in the automotive industry.

At a recent annual general meeting in Munich, chairman of the board of management of BMW AG, Dr Helmut Panke, said the Group intended further strengthening and extending its market position over the years to come through successful product and market initiatives.

"We want to pursue our profitable growth path further in the years ahead and intend to deliver a total of about 1.6 million BMW, MINI and Rolls-Royce vehicles to customers in the year 2010,” he explained.

This would mean almost a doubling of Group retail volume over the course of ten years since 2000.

"With our ongoing product and market initiative, the BMW Group will continue its successful course in the years to come, showing further positive developments in terms of revenues and earnings," Panke emphasized.

He also reaffirmed BMW Group's confident expectations for the current business year. The company intends to reach a new record in retail volume as well as a new high in pre-tax profit of euro 4 billion.

"Despite headwinds arising from currency effects and high raw material prices, 2006 is going to be the most successful year in our company's history, also in operative terms," stated Panke.

The BMW Group started the new business year with new records for pre-tax earnings and deliveries. In the first quarter, automobile retail of the BMW, MINI and Rolls-Royce brands rose by 13.9% to 332,923 (2005: 292,207) vehicles.

Deliveries of the BMW brand soared by 18.3% to 283,297 (2005: 239,387) vehicles. Due to capacity expansion measures at Plant Oxford, retail of MINI vehicles fell to 49,519 (-6.0%/2005: 52,694) units. In the medium term, however, capacity expansion will result in a production output of about 240,000 MINI vehicles a year.

In the ultra-luxury segment, Rolls-Royce Motor Cars delivered 107 Phantom automobiles to customers, 15.1% fewer than in the same quarter last year (126 vehicles).

Dr. Helmut Panke's speech at the BMW Group annual general meeting is available for download at www.bmwgroup.com/ir

ENDS

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