Q3 2019 Bayerische Motoren Werke AG Earnings Call Transcript
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Good afternoon, ladies and gentlemen. I would like to welcome you all to our telephone conference for the third quarter results. With us today is Oliver Zipse, Chairman of the Board of Management; and Nicolas Peter, our CFO. First, Oliver Zipse will give you an update on the business performance during the third quarter. Nicolas Peter will then take you through our financial results. Afterwards, we will have time for our Q&A session.
Please, Oliver, go ahead.
Good afternoon, ladies and gentlemen. In recent years, much has been written about how car manufacturers need to change their business model. But what isn't talked about enough is the fact that the real transformation is taking place in the vehicle itself, and that is where the real challenge lies. The car is a highly complex product. Therefore, our mission at the BMW
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