In development, the focus last year was on the further development of our existing ICE and MEB models. 5 The focus for our vehicles with combustion engines was on a competitive further development of our platform, with new driver assistance systems, bigger displays and new connectivity and mobility services, which comply with the new UN-ECE guidelines among others. Furthermore, we developed hybrid vehicles with considerably larger ranges. When it came to developing our MEB models, we leveraged customer feedback more intensively: this year will see a much-upgraded version of the ID.3, as well as the new ID.7 – our long-range champion, capable of 700 kilometres. That shows that we have invested significantly in our future projects! For 2022, the Volkswagen Passenger Cars brand had undertaken to achieve a clean net cash flow – a net cash flow without influences associated with diesel – of € 1 billion to € 2 billion. This figure was € 1.9 billion in 2022. As such, we achieved a result at the top end of the expected range. This was based, on the one hand, on the solid operating profit and, on the other hand, on positive effects in working capital. The net cash flow is the money that ultimately remains. Money that we need to be able to invest. Our 2022 result shows that we are well placed to be able to finance our future! We next look to our two biggest regions: North and South America. Both regions recorded a turnaround in 2021 with significant contributions to the brand result, and they backed up their forecast growth path in 2022. The team in North America successfully continued their path of transformation in a turbulent environment with rising raw material prices and major challenges in the supply chains. The foundation has been laid for sustainable growth in North America.