He was beforehand the supervisor responsible for the BMW Group’s car technique and, as the head of assorted BMW mannequin traces, pushed ahead with electrification of the automobile fleet. Bayerische Motoren Werke Aktiengesellschaft increases the steerage corridor for the EBIT margin of the Automotive Segment from between 7% and 9% to between 9.5% and 10.5% for the financial yr 2021. Additionally, the guidance hall for the Return on Equity for the Financial Services Segment is revised from between 17% and 20% to between 20% and 23%.