Q3 2022 Bayerische Motoren Werke AG Earnings Call Transcript
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Good afternoon, ladies and gentlemen. I would like to welcome all of you to our telephone conference for the third quarter results. Today, we have a slight change to the normal agenda. Nicolas Peter, member of the Board of Management and responsible for finance, will provide you with an overview of the BMW Group's business development. He will then be available to answer your questions.
Our Chairman, Oliver Zipse, cannot be with us today. He's part of the delegation with German Chancellor Scholz on his visit to China. Currently, he's on his way to Berlin.
I would first like to say a few words to put this into context. The BMW Group is a global company. Our vehicles are sold in 140 countries. We have production sites in 31 locations in 15 countries and maintain a worldwide research and development network. Europe, including our home market, Germany; Asia, including China; and the Americas, including the U.S., are among our most important markets. In all
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