attractive long-term investment -- as you have come to expect from a premium company. Our success in 2012 and beyond A clear focus on premium vehicles and premium services for individual mobility remains the core of our business model. We will continue to refine this approach. We do so in light of changing customer demands, stringent regulations and the demands placed on automobile manufacturers by different industrial policies in different countries. We reviewed our strategy in 2011 for this reason. All of our assumptions were verified against current trends and developments. Our aim for the 2012 financial year is to build on past year's success. We are targeting new highs in sales volume and pre-tax Group earnings. We intend to continue operating at a high level of profitability over the long term, which means maintaining an EBIT margin of between eight and ten per cent in the Automotive segment -- assuming that there are no lasting negative economic conditions. We benefit from an excellent starting position: we have a young and attractive product line-up. Regarding the BMW brand, the new BMW 3 Series will be playing a major role in 2012. The new BMW 3 Series Sedan has been available since mid-February. This was the first time we launched one of our models in all markets simultaneously. As well as incorporating a large number of technical innovations, our three lines, "Sport", "Modern" and "Luxury", will give customers even more choices for individualisation. We will also be adding the BMW brand's