Overall statement on future development

We have implemented our strategy consistently and with great determination in recent years, and this is now beginning to pay off. Our new vehicle models are extremely well received by our customers. We are strengthening our market position worldwide and increasing our presence in the growth markets. The signs point towards growth in all divisions, and we are on schedule with our efficiency improvements. Furthermore, we are underscoring our technological leadership with pioneering innovations in the fields of safety, efficient drive systems and autonomous driving. In recent years, we have created the right conditions for further growth, and above all for profitable growth, and we will continue consistently to follow the course we have taken.

For these reasons, we look to the year 2015 with great confidence. Everything indicates that we will proceed along our growth path. We anticipate significant increases in unit sales, revenue and earnings from the ongoing business.

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