BMW 2006 Annual Report Download - page 21

20 Group Management Report
10 Group Management Report
10 A Review of the Financial Year
12 General EconomicEnvironment
15 Review of operations
38 BMW Stock and Bonds
41 Disclosures pursuant to §289 (4)
and §315 (4) HGB
43 Financial Analysis
43 – Internal Management System
44 – Earnings performance
46 – Financial position
48 – Net assets position
50 – Subsequent events report
50 – Value added statement
53 – Key performance figures
54 – Comments on BMW AG
58 Risk Management
62 Outlook
term, the maximum production capacity will be
boosted by 20% to a total of 240,000 MINI brand
cars p.a. Once full production capacity has been
reached, the number of employees working within
the Production Triangle will increase from the cur-
rent figure of 6,350 to a workforce of approximately
6,800 employees.
At the Hams Hall plant, some GBP 30 million
have been invested in the manufacture of a new
family of petrol-driven engines to power the latest
MINI. When the full production capacity of the new
MINI has been reached, the total number of BMW
and MINI engines manufactured at the Hams Hall
plant will increase in the medium term from an origi-
nal figure of 180,000 to over 300,000 units p.a.
The workforce at the engine plant will increase ac-
cordingly from 750 to at least 1,000 employees.
More than GBP 100 million has been invested in
the Oxford plant, in order to increase the maximum
production capacity from a current figure of 200,000
units to 240,000 p.a. and to equip the chassis con-
struction, paint shop and the vehicle assembly areas
with state-of the-art process technology for the
manufacture of the new MINI. When full production
capacity has been reached here, this will lead to the
creation of 200 additional jobs, bringing the total
workforce at the Oxford plant up to 4,700 employees.
The BMW Group has invested around GBP 60
million in the Swindon plant for the production of
pressed parts and the pre-assembly of chassis com-
ponents. This plant, with around 1,100 employees,
has undergone a comprehensive programme of
modernisation over the last three years and now
works with up-to-date pressing and mating tech-
nology.
Two model variants of the Phantom manufac-
tured in Goodwood
At the Rolls-Royce plant in Goodwood, England,
two variants of the Phantom are currently being
manufactured. Alongside the Sedan, a special
extended-wheelbase version is also being
manu-
factured in Goodwood. From summer 2007 onwards,
the new Rolls-Royce Convertible, the Phantom
Drophead Coupé, will be added as a third model.
The planned production volume of the Phantom
Drophead Coupé for 2007 is already covered by
customer orders.
BMW Group receives Excellence Award
On 7 November, the European Foundation for Quality
Management (EFQM) presented the Excellence
Award to the BMW Group.This award is presented
in recognition of outstanding management achieve-
ments relating to the promotion of competitiveness,
employee and customer satisfaction, social respon-
sibility and, last but not least, careful use of resources.
The Chassis and Powertrain Component Pro-
duction Unit, representing the company as a whole,
entered the competition for the Excellence Award.
More than 3,000 employees from the BMW sites in
Dingolfing, Berlin, Landshut and Munich took part.
The Excellence Award is presented to compa-
nies and organisations in Europe which have
achieved a leading position internationally, not only
as a result of their technical and business achieve-
ments, but primarily because of a sustainable busi-
ness strategy, showing at least three successive
years of proven practise. One important factor here
is the rigorous pursuit of stakeholder interests – for
customers and employees just as much for share-
holders, business partners or other interested par-
ties. The BMW Group’s strategic, customer-friendly
approach and its sustainable corporate culture
based on partnership were particularly acclaimed.