PressClub United Kingdom · Article.
BMW AG Annual General Meeting 2001: Statement by Prof. Dr.-Ing. Joachim Milberg, Chairman of the Board of Management of BMW AG
Tue May 15 10:15:00 CEST 2001 Press Release
Speech and charts for downloading.
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Barbara Brailey
BMW Group
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Author.
Barbara Brailey
BMW Group
**Please find the complete speech attached for downloading (the pdf-file also
contains the charts)**
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Dear Shareholders and Shareholder Representatives,
Ladies and Gentlemen,
Welcome on behalf of the Board of Management to the 81st Annual General Meeting
of BMW AG.
I welcome the shareholders, shareholder representatives and associates of our
Company, the representatives of the media, and all the other guests with us
here today.
Introduction
Ladies and Gentlemen,
Today the Board of Management is reporting on fiscal year 2000, the most
successful year ever in the history of BMW with deliveries, sales and results
reaching new records. Precisely this is why we are in a position to propose a
new record dividend today.
Fiscal 2000 was a year full of milestones for the BMW Group
Fiscal 2000 was also a year of milestones for the BMW Group pointing into the
future.
We have seen in the meantime that the course of reorientation we initiated last
year is correct and appropriate.
Following the sale of Rover and Land Rover, we have concentrated the BMW Group
consistently on the premium segments of the international automobile market.
Proceeding from a position of regained strength, we have taken the offensive.
In the premium segments of the automobile market we have launched a
far-reaching product offensive, in the process expanding our existing, highly
attractive model range.
In anticipation of the growth this will generate in the years to come, we are
continuing to expand our production network. The same applies to our
international sales and distribution network, which is also being enlarged.
We are also continuing to allocate high expenditure to our research and
development activities.
In this proactive strategy we are supported by highly motivated associates.
Indeed, our workforce has grown in the course of the year.
In Germany alone we hired more than 2,200 new associates last year and we spent
more than euro 100 million on the qualification of our associates in the year
under review.
The BMW Group is furthermore continuing its training initiative, hiring more
than 1,000 new apprentices in approximately 40 professions each year.
All this provides a sound foundation for ongoing profitable growth.
You, Dear Shareholders, hold an interest in one of the most profitable car
manufacturers in the world...
**Please find the complete speech attached for downloading (the pdf-file also
contains the presentation charts)**
Article Offline Attachments.
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Statement_by_Prof._Milberg_Annual_General_Meeting_2001.rtf DOC, EN, 162.99 KB
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INCLUDING_CHARTS_Statement_by_Prof._Milberg_Annual_General_Meeting_2001.pdf PDF, EN, 1.41 MB