BMW 2012 Annual Report Download - page 20
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20
18 COMBINED GROUP AND COMPANY
MANAGEMENT REPORT
18 A Review of the Financial Year
21 General Economic Environment
24 Review of Operations
44 BMW Stock and Capital Market
47 Disclosures relevant for takeovers
and explanatory comments
50 Financial Analysis
50 Internal Management System
52 Earnings Performance
54 Financial Position
57 Net Assets Position
59 Subsequent Events Report
59 Value Added Statement
61 Key Performance Figures
62 Comments on BMW AG
65 Internal Control System and
explanatory comments
66 Risk Management
74 Outlook
batteries initiated in March 2012 has now entered the
second phase.
BMW Group incorporated BMW Peugeot Citroën
Electrification
The BMW Group and PSA Peugeot Citroën mutually
agreed
to terminate cooperation in the BMW Peugeot
Citroën Electrification joint venture. The BMW Group
is taking over the company and will carry on with the
work that has been begun. The decision of the two part-
ners does not have any impact on the current engine-
producing cooperation arrangements between PSA
Peugeot Citroën and the BMW Group.
New strategy in Motorcycles segment
A new strategy developed for the Motorcycles segment
means that the BMW Group will be concentrating in
future solely on its BMW brand. Against this background,
the takeover of Husqvarna Motorcycles has been
agreed upon with Pierer Industrie AG, Austria. The
transaction is due to be completed during the first six
months of 2013, subject to approval by the Austrian
merger control authorities.