German automaker Bayerische Motoren Werke AG, or BMW Group, (BAMXY.PK, BAMXF.PK, BMW.L) expects to achieve its goals for 2016 and realize its vision for 2020. Next week, the company would open another new plant in China, in Tiexi, which would increase its capacity in the Shenyang region to as many as 300,000 vehicles over the medium term.
Considering the company's long-term goals, BMW would be 100 years old in 2016, and it targets to sell 2.0 million cars then. Also, the company sees to remain profitable in the long term too, meaning an EBIT margin in the range of 8 - 10 percent in the Automotive Segment. BMW Group added that its vision for 2020 is to be the leading provider of premium products and premium services for individual mobility.
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