As you know, the profit of our Chinese joint venture is consolidated in the Group’s financial result. 6 Nivus and Taos are not sold in Germany. In South America, our product strategy is bearing its fruit. We’ve launched a raft of new vehicles there in the shape of the Polo, Virtus1, Nivus and T-Cross that are specifically tailored to the needs of South American customers. Now we’re adding the Taos, a compact SUV with a large interior – making it ideal for families as well. − All vehicles are based on MQB. Now we are seeing the economies of scale which will make us profitable in the long term. In addition, consistent deep localization will make us independent of exchange rate fluctuations. At the same time, we have initiated an extensive restructuring program. Our strategy is beginning to gain traction. In fact, we have managed to break even in each of the last five months. These vehicles are not sold in Germany. We also pursued our recovery program in North America. As part of that, we continued to gear our product portfolio to the high-margin SUV segments, which are popular in the United States. We are now strongly positioned with the Tiguan, Atlas, Atlas Cross Sport and, in the future, the Taos. In conjunction with strict cost discipline and the optimization of administrative processes, we also aim to generate a profit in the United States this year. 7 Alexander Seitz will soon provide you with more details on the regions. --- Ladies and Gentlemen, A vital success factor in 2020 was our strong product substance. There was particularly high demand for the Tiguan and, of course, the new Golf. Following the gradual launch of our emotional and high-margin derivatives in the second half of the year, our Golf family is now complete with the GTI, GTE, GTD, Variant, Alltrack, Clubsport and our absolute performance model, the Golf R.