Home / / BMW sees China, India helping full-year sales growth

BMW sees China, India helping full-year sales growth


Comments / 718 Views / Friday, 9 March 2012 00:01


GENEVA (Reuters): BMW expects group sales to grow in 2012 after a 14 percent year-on-year increase in February, the German premium carmaker’s CEO said on Tuesday, as a young model range and growth in China and India help offset sluggish European demand.

A BMW Mini car model is displayed at the Shanghai International Auto Show – Reuters

momentum this year,” he added.

BMW expects the European market at best to stagnate in 2012 or to shrink by about 5 percent in a “worst case” scenario, Reithofer said.

The carmaker’s own sales may post double-digit growth in China and “high” single-digit growth in North America.

“It’s going to be an uphill battle in Europe this year,” the CEO said.

The company is in talks with General Motors about future technologies, Reithofer added, without giving further details.


Share This Article


COMMENTS

Today's Columnists

The unilateralism of Tamil nationalism

30 April 2016

As always Tamil nationalism has overreached; acted unilaterally and overplayed its hand. As always this overestimation based on (congenitally?) misplaced arrogance undermines its Sinhala moderate counterparts and negotiating partners.  This...


Of taxation, Inland Revenue and Panama Papers

30 April 2016

Avurudu vacation revelations Court vacation always permits that little bit of extra time to pen something down and the occasion arose when former Dep. Governor of the Central Bank Dr. Wijewardene, Island Editor Shamindra Ferdinando and ...


They march on May Day

30 April 2016

   “Lord, what fools these mortals be...”  Midsummer Night’s Dream.  Puck, in the Shakespearean comedy Midsummer Night’s Dream, thought that we mortals are fools. Had he had the benefit o...


On the fast track – or on the road to dusty death?

29 April 2016

THE WRITING IS ON THE WALLSTRÖM: Sri Lanka is looking increasingly like the prettiest girl on the beach in this region. Here, Sri Lankan Foreign Minister Mangala Samaraweera and his Swedish counterpart Margot Wallström parley about the i...


Columnists More