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BMW of North America Reports Q3 2020 Sales Results.

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BMW of North America announced today Q3 2020 sales results for the BMW and MINI brands in the U.S. For the quarter ending September 30, 2020, BMW brand sales totaled 69,570 vehicles, a decrease of 16.2% vs the 83,003 vehicles sold in the same time period last year.* MINI brand sales totaled 9,064 vehicles in Q3, a decrease of 11.9% vs the 10,292 vehicles sold in the same time period last year.*

As the U.S. continues to recover during the ongoing global pandemic, the BMW Group sales network is once again fully open, and plants in Europe and the U.S. have returned to capacity. Consumer demand for BMW vehicles has also returned faster, and at a higher level, than anticipated. As a result, sales momentum built through the quarter with a strong finish, and record month in September.

We are pleased that demand for BMW vehicles remains strong, and proud of our dealer network for the way they have adapted to this situation by accepting a higher number of advanced orders, said Bernhard Kuhnt, president and CEO, BMW of North America. As a result, the percentage of vehicles arriving pre-sold to customers is twice as high as prior to the pandemic, and recovery rates outperformed our projections. For these reasons, we remain cautiously optimistic as we enter the fourth quarter.

Table 1: Vehicle Sales BMW of North America, LLC Q3 2020

 
Q3 2020 Q3 2019 %
i3

616

1,380

-55.4%

i8

48

268

-82.1%

2 Series

4,190

2,282

83.6%

3 Series

10,394

13,375

-22.3%

4 Series

1,676

5,265

-68.2%

5 Series

5,363

8,339

-35.7%

6 Series

27

302

-91.1%

7 Series

1,369

2,257

-39.3%

8 Series

2,119

873

142.7%

Z4

720

832

-13.5%

X1

3,643

5,603

-35.0%

X2

1,752

3,202

-45.3%

BMW passenger cars

31,917

43,978

-27.4%

X3

16,326

18,299

-10.8%

X4

1,620

2,260

-28.3%

X5

12,830

12,810

0.2%

X6

1,995

707

182.0%

X7

4,882

4,949

-1.4%

BMW light trucks

37,653

39,025

-3.5%

BMW brand

69,570

83,003

-16.2%

Cooper /S Hardtop 2 Door

2,721

2,146

26.8%

Cooper /S Hardtop 4 Door

1,608

1,530

5.1%

Cooper /S Convertible

818

1,037

-21.1%

Cooper /S Clubman

907

939

-3.4%

Countryman

3,010

4,640

-35.1%

MINI brand

9,064

10,292

-11.9%

TOTAL BMW of North America, LLC

78,634

93,295

-15.7%

 

BMW Pre-Owned Vehicles

  • BMW Certified Pre-Owned sold 28,520 vehicles during the third quarter of 2020, a decrease of 3.5% from the same quarter a year ago.
  • Total BMW Pre-Owned sold 57,164 vehicles during the third quarter of 2020, a decrease of 9.2% from the same quarter a year ago.

MINI Pre-Owned Vehicles

  • MINI Certified Pre-Owned sold 2,696 vehicles during the third quarter of 2020, a decrease of 18.5% from the same quarter a year ago.
  • Total MINI Pre-Owned sold 6,276 vehicles during the third quarter of 2020, a decrease of 18.5% from the same quarter a year ago.

Table 2: Pre-Owned Vehicle Sales BMW of North America, LLC, Q3 2020

 

Q3

2020

Q3

2019

%

YTD 2020

YTD

2019

%

BMW CPO

28,520

29,560

-3.5%

87,782

87,223

-5.1%

BMW Total Pre-Owned

57,164

62,942

-9.2%

161,582

186,183

-13.2%

 

MINI CPO

2,696

3,309

-18.5%

7,313

9,889

-26%

MINI Total Pre-Owned

6,276

7,700

-18.5%

17,114

22,899

-25.3%

* In connection with a review of its sales and related reporting practices, BMW Group revised certain retail vehicle delivery data retrospectively for the period from 2015 through 2019 in its six most significant markets, including the United States. Additional information can be found in the March 12th press release announcing BMW Groups financial results for 2019 and in BMW Groups 2019 Annual Report.

BMW Group In America

BMW of North America, LLC has been present in the United States since 1975. Rolls-Royce Motor Cars NA, LLC began distributing vehicles in 2003. The BMW Group in the United States has grown to include marketing, sales, and financial service organizations for the BMW brand of motor vehicles, including motorcycles, the MINI brand, and Rolls-Royce Motor Cars; Designworks, a strategic design consultancy based in California; technology offices in Silicon Valley and Chicago, and various other operations throughout the country. BMW Manufacturing Co., LLC in South Carolina is the BMW Group global center of competence for BMW X models and manufactures the X3, X4, X5, X6 and X7 Sports Activity Vehicles. The BMW Group sales organization is represented in the U.S. through networks of 348 BMW passenger car and BMW Sports Activity Vehicle centers, 146 BMW motorcycle retailers, 117 MINI passenger car dealers, and 38 Rolls-Royce Motor Car dealers. BMW (US) Holding Corp., the BMW Groups sales headquarters for North America, is located in Woodcliff Lake, New Jersey.

Online: www.bmwgroup.com

Facebook: http://www.facebook.com/BMWGroup

Twitter: http://twitter.com/BMWGroup

YouTube: http://www.youtube.com/BMWGroupview

Journalist note: Information about BMW Group and its products in the USA is available to journalists online at www.BMWUSANews.com, www.MINIUSANews.com, and www.press.BMWNA.com.

Phil DiIanni

BMW of North America, LLC

(201) 571-5660 / [email protected]

Mariella Kapsaskis

BMW of North America, LLC

(201) 930-3166 / [email protected]

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Zcoin Unveils New Name: Firo

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Innovative privacy-first cryptocurrency project to rebrand on November 30

SINGAPORE, Oct. 27, 2020 /PRNewswire/ — ZCoin (XZC) today announced a rebrand to the new name and ticker Firo (Fee-Roh) (XFR), which will be effective on November 30 when the mainnet binaries for Lelantus will be released. The new name and branding is a truer representation of what Lelantus offers: a unique burn and redeem privacy mechanism that allows users to burn (destroy) coins, and then redeem them for brand new coins with no previous transaction history. The result is high practical anonymity similar to cash in a simple one-click interface.

"Going from zero to Firo accurately describes Zcoin’s evolution away from it’s Zerocoin protocol origins. This captures the essence of the burn and redeem privacy mechanism developed by our team, and signals a new era of practical yet powerful anonymity," said Reuben Yap, Project Steward of Zcoin. "The word Firo also is succinct, easy to say and sounds like money, so it’s perfect for a cryptocurrency." 

Firo conjures up images of something aflame and alive — consisting of fire or burning strongly and brightly, the name is set to evoke a phoenix rising from the ashes. This not only describes the privacy mechanism which burns coins, but also Zcoin’s passion for privacy as a fundamental human right and belief that it should be accessible for all.

Lelantus allows users to: 

  • Burn (or destroy) coins of arbitrary amounts and to redeem brand new coins (even partially) that appear to have no previous transaction history associated with them. 
  • Enjoy the same privacy guarantees of cash. Based on proven cryptographic assumptions and elegant cryptography without trusted setup, Firo delivers unparalleled levels of practical privacy. 
  • Anonymize transactions in just one-click, putting privacy at their fingertips. This approach means they can use regular transparent transactions when needed to work with exchanges, wallets, and cross-chain bridges, or simply turn on privacy which is front-and-center in the new interface.

The team behind Zcoin has developed some of the most significant blockchain privacy protocols on record. All of these cutting-edge technological innovations will be distilled into Firo, pushing the frontiers of digital privacy. Zcoin was founded in 2016, and pioneered the use of the Zerocoin protocol that became one of the most used on-chain privacy protocols. Zcoin’s team of cryptographers and developers improved upon Zerocoin with the Sigma protocol, and now have ushered in the next-generation of privacy with Lelantus. 

When Lelantus officially launches its mainnet binaries on 30 November, Zcoin will transition to the new Firo brand, and will move its website to www.firo.org. Lelantus will activate on mainnet in mid-January.

About Zcoin

Zcoin is a privacy-first digital currency that enables untraceable transactions and true financial freedom from the prying eyes of large corporations, financial institutions, and oppressive governments. Zcoin advocates privacy as a fundamental human right, and enables users to regain control of their money. As a leading technology innovator, Zcoin designed a simple burn and spend model that strengthens privacy, while making it more broadly accessible.

Related Links :

http://www.firo.org

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Clements Worldwide Receives 14th Consecutive IIABA Best Practices Agency Award

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WASHINGTON, Oct. 27, 2020 /PRNewswire/ — Clements Worldwide continues to be part of an elite group of independent insurance agencies around the United States participating in the Independent Insurance Agents and Brokers of America (IIABA or the Big "I") Best Practices Study group. The annual survey and study of leading independent insurance agencies documents the business practices of the "best" agencies and urges others to adopt similar practices.

"We are honored to be recognized as a Best Practices agency for the 14th consecutive year. This is a testimony to the Customer First approach of our employees as we strive to enable our clients the freedom to live and operate anywhere in the world," says Tarun Chopra, President and CEO of Clements Worldwide. "We are proud that our sales velocity and new business generation performance is among the top quartile in our revenue category."

Since 1993, the Big "I" and Reagan Consulting, an Atlanta-based management consulting firm, have joined forces to study the country’s leading agencies. The selected Best Practices agencies retain their status during the three-year cycle by submitting extensive financial and operational data for review each year. Over 1,000 independent agencies throughout the U.S. were nominated to take part in the annual study in 2019, but only 262 agencies qualified for the honor. To be selected, Clements was among the 35-45 top-performing agencies in one of six revenue categories.

Clements Worldwide has been innovating in international insurance since 1947 and currently has clients in more than 170 countries meeting needs with custom solutions in both personal and commercial lines. Specializing in high-risk areas and conflict zones, Clements Worldwide is one of the few Lloyd’s of London brokers that have a war risk program with full underwriting authority. The brokerage also has 14 different exclusive products, designed from concept to delivery, and Clements often acts as a complimentary broker to domestic brokers by collaborating to cover their domestic clients’ international exposures.

Founded in 1896, the IIABA (the Big "I") is the nation’s oldest and largest national association of independent insurance agents and brokers, representing more than 25,000 agency locations united under the Trusted Choice brand. Trusted Choice independent agency offer consumers all types of insurance – property, casualty, life, health, employee benefit plans and retirement products – from a variety of insurance companies.

Contact: Clements Marketing Department
[email protected] 

Logo – https://mma.prnasia.com/media2/1082520/Clements_Logo.jpg?p=medium600

Related Links :

http://www.clements.com

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VeChain, Renji Hospital and DNV GL Held Strategic Partnership Signing Ceremony To Launch World’s First Blockchain Intelligent Tumor Treatment Center

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SHANGHAI, Oct. 27, 2020 /PRNewswire/ — In partnership with VeChain and DNV GL, Renji Hospital, a top-ranked hospital in China affiliated with the Shanghai Jiaotong University School of Medicine, has announced the launch of the world’s first blockchain-enabled Intelligent Tumor Treatment Center on October 20, 2020. The Intelligent Tumor Treatment Center is a transparent, efficient, and traceable medical management solution powered by VeChain ToolChainTM.

Sunny Lu, Co-founder and CEO of VeChain & Jidong Zhang, Vice President of Renji Hospital & George Kang, Senior Vice President of DNV GL Group
Sunny Lu, Co-founder and CEO of VeChain & Jidong Zhang, Vice President of Renji Hospital & George Kang, Senior Vice President of DNV GL Group

As strategic partners of this new initiative, VeChain and DNV GL will jointly support the hospital in the quest to improve global public health through state-of-the-art blockchain technology and professional advisory.

VeChain ToolChainTM Powers The World’s First Intelligent Tumor Treatment Center 

The Intelligent Tumor Treatment Center combines the advantages of VeChain blockchain technology with DNV GL’s professional services. It enables full patient ownership of personal medical records, allowing patients to take control of the authorization and medical records data management. Research institutions inside and outside the hospital can use authorized data to improve the efficiency of clinical research, and regulatory agencies can use authorized data to conduct business compliance checks on medical institutions and establish a credit evaluation system.

Zhang Jidong, Vice President of Renji Hospital, said, "The launch of the Intelligent Tumor Treatment Centre intends to enhance high-quality integrated development of Renji Hospital. Moving forward, Renji intends to boost our healthcare facilities with more blockchain-powered use cases and projects, which will be gradually disclosed together with our partners when the time is right."

George Kang, Senior Vice President of DNV GL Group, said, "Through independent and objective medical evaluation methods, DNV GL intends to provide more services for Renji Hospital to improve its service quality and medical experience, moving to a new stage of higher standards, higher requirements and higher quality."

Sunny Lu, co-founder and CEO of VeChain, said, "As digital transformation accelerates in the healthcare sector, VeChain will continue to demonstrate its advantages and flexibility as a superior blockchain platform that is suitable for all types of use cases and industries. We are very proud and excited to be contributing to the public health industry by providing the technology for Renji Hospital’s Intelligent Tumor Treatment Centre."

VeChain Facilitating Digital Transformation To Improve Public Health

In line with the Chinese Government’s 14th Five-Year (2021-2025) Plan for Economic and Social Development, the National Health Commission formulated an official guideline and re-emphasized blockchain technology as an essential innovation and integration of the medical and health industry.VeChain is committed to solving the pain points of digital medical reform through blockchain technology and balancing personal privacy and public interests.

By using the self-developed one-stop data BaaS platform VeChain ToolChainTM , we have many proven cases in the medical sector, including a blockchain powered Clinical Trial Traceability Platform for Bayer China, and a blockchain-enabled medical data management platform named The E-NewHealthLife for Mediterranean Hospital of Cyprus. Facing new demands for digital transformation brought by COVID-19, VeChain, together with DNV GL, will be seeking for more opportunities to create more high-efficiency and low-cost digital solutions for the medical industry.

About VeChain
Launched in 2015, VeChain connects blockchain technology to the real world by providing a comprehensive governance structure, a robust economic model, and IoT integration. VeChain is the pioneer of real-world applications using public blockchain technology, with international operations in Singapore, Luxembourg, Tokyo, Shanghai, Paris, Hong Kong, and San Francisco. Together with our strategic partners PwC and DNV GL, we have established cooperative relations with many leading enterprises in different industries, including Walmart China, BMW, BYD Auto, Haier, H&M, LVMH, D.I.G, ENN, Shanghai Gas, AWS, PICC, ASI etc. Website: www.vechain.com

About Renji Hospital
Built in 1844, Renji Hospital has a history of over 170 years. It has been the first western medicine hospital since the opening of Shanghai. With an integration of medical treatment, teaching and scientific research, it is a comprehensive 3A hospital (the top level of hospital ranking in China) with a complete range of disciplines. Up to now, Renji Hospital consists of five  areas in total. Below is the timeline of the development process of Renji Hospital.

About DNV GL
DNV GL is a leading provider of risk management and quality assurance services. The company is also a global leader in certifying management systems of companies across all types of industries, including F&B. Since 1864, its purpose has been to safeguard life, property and the environment. Passionate about safety, quality and integrity, companies turn to DNV GL to make complex decisions with confidence. DNV GL helps them manage their most critical risks and demonstrate compliance with regulations and standards.

Related Links :

http://www.vechain.com

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