China has become BMW’s fourth largest market, where the German luxury car maker saw the fastest growth in auto sales in 2009, and great market potentials, a senior company official told Xinhua Wednesday.
The company saw a 38 percent growth in sales last year in China against a 10 percent decline worldwide due to the international [...]
BMW Group’s long-term plan for a seven-fold increase in its China production capacity announced last week is expected to further intensify competition in the country’s growing luxury vehicle market.
The German carmaker’s strategic plan is to increase annual production to 300,000 units with local partner Brilliance China.
Tags: AUDI, Benz, BMW, car-maker, China Auto, luxury goods, SUV, [...]
BMW and its Chinese partner Brilliance Auto Group have decided to build a new plant with an investment of at least 5 billion yuan ($735 million) in China to expand production capacity in the world’s largest auto market.
The German carmaker signed an agreement with Brilliance Auto Group on Thursday, agreeing to raise the annual output [...]
British luxury car brand Rolls-Royce expects that sales in China and India will account for three quarters of its total business in the Asia Pacific region, according to a senior official of the firm.
As the global auto markets are still feeling the impact of the global financial crisis, the Chinese government’s stimulus measures have propelled [...]
As a result of robust sales in the first three quarters of 2009, the Chinese mainland has vaulted ahead to become the fourth-largest market for BMW Group.
Its BMW and Mini brands sold 62,394 cars on the mainland in the first nine months, surging 31.8 percent from a year earlier, according to recently released data from [...]
The booming Chinese auto market remains one of the few bright spots for German luxury carmakers, which have drawn few benefits from a flurry of subsidy programs such as the US “cash for clunkers” scheme.
Daimler AG’s Mercedes-Benz, Volkswagen AG’s Audi and BMW’s flagship BMW brand all posted year-on-year volume gains of above 35 percent in [...]
