BMW 2002 Annual Report Download - page 22

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21
engines are thus available for the BMW 7 Series: a
six-cylinder and an eight-cylinder diesel engine.
Using the latest common-rail technology, fuel is in-
jected into the combustion chamber of the engine
at a pressure of 1,600 bar, allowing it to be diffused
even more efficiently than before. The result is higher
performance and lower fuel consumption. The new
BMW twelve-cylinder engine will, for the first time
ever, combine a direct injection fuel system with the
fully variable VALVETRONIC valve control system.
In 2003 in addition to the Rolls-Royce Phantom
which has already been presented  the new
BMW 5
Series, the 6 Series Coupé, the
BMW
X3
and the 7 Series security vehicle will all be added
to the product range. Updated versions of the
BMW
3 Series Coupé, Cabrio and Compact models
will also be presented. In addition, a diesel version
of the
MINI
brand will be launched. These new
models and model revisions involve a total of ten
production
start-ups in 2003. Never before have
there been so many launches in the history of the
BMW Group.
First class innovation management
The BMW Group received the Outstanding Cor-
porate Innovator (OCI) Award 2002 for its innovative
strength and sustained growth with successful prod-
ucts. The OCI award is presented annually by the
American Product Development & Management
Association, PDMA.This award is considered by ex-
perts to be
one of the highest accolades for
innova-
tion management and was presented for the first time
in its 15-year history to a non-American enterprise.
Trend towards mechatronics
Electronic control systems and software are becom-
ing increasingly important in the automobile industry.
This also requires further development in the core
research and development skills of the BMW Group.
The BMW Car IT is already working on the relevant
technology for future models. The use of mecha-
tronics
increasingly involves the extension or replace-
ment
of mechanical systems with electronics and
software. Electronic systems allow systems within
avehicle to be networked and furnished with addi-
tional performance. One example of this, almost
ready for series production, is the Active Steering,
combining conventional mechanical steering with
elements of a steer-by-wire system.
Capital expenditure financed fully out of cash flow.
BMW
Groupfocusing on project-related cooperation
arrangements.
Research and development with numerous innovations.
BMW Group receives the Outstanding Corporate
Innovator Award 2002.
BMW Group Capital expenditure and cash flow
in euro million
5,500
5,000
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
Capital expenditure Cash flow
98
HGB
2,179
2,479
99
HGB
2,155
2,807
00
HGB
2,138
3,198
00
IAS
2,781
3,779
01
IAS
3,516
4,202
02
IAS
4,042
4,374