Autoblog

click above image for gallery of the BMW CS Concept, which is destined for production

BMW CEO Norbert Reithofer revealed the automaker's plans for the future, all the way up to 2020. There's lots of stuff in works, but we'll try to hit each point here. First off, the company's got a short-term five-year plan of achieving annual sales of 1.8 million vehicles by 2012. After that, it will have another eight years to reach annual sales of 2 million by 2020. Those are big jumps from today, but BMW plans to reach them by increasing production at its Spartanburg plant in the U.S., as well as the MINI plant in Oxford. Of course, the growing Chinese market will also demand more BMWs, and the automaker will be happy to oblige.

Increasing production of what's currently offered in BMW dealerships won't get the automaker all that far, so a slew of new vehicles were also announced by Reithofer. These include expanding BMW's range of SUVs with a small X1 model, as well as producing a four-door Gran Turismo car based off of the CS Concept that debuted in Shanghai this year. The BMW brand will also debut what it calls a Progressive Activity Sedan, or PAS, about which it divulged little, so we'll have to wait for more details on exactly what makes it different from a standard sedan.

Find out the rest of BMW's new models after the jump, as well as the very long speech from BMW CEO Norbert Reithofer in its entirety.

[Source: BMW]