That is it. Our quota for research and development on sales is marked by the fact that we sell very expensive cars. Our shares are rising, contrary to most shares in the auto industry. No, to the contrary. We will cover our expenses for development of the new models out of our cash flow.
Further growth is possible out of our own financial resources.
BMW stands on a solid financial basis. This was between 6 and 8 percent of turnover. We will continue to do this. The plant for the new small BMW will cost about DM1 billion divided across three to four years. That only accounts for about 7 percent of our planned future investment.