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

BMW sees China, India helping full-year sales growth


Comments / 734 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

Researchers and elephants – we have a problem!

8 December 2016

 John Dewey said that “every great advance in science has come from a new audacity of imagination” and these acts of imagination have to come from researchers. The numbers for Sri Lanka appear to be really worrying as the critica...


CEB Engineers, back to old practices

7 December 2016

   Considering the low reliability of the Norochcholai coal-fired power plant, Sri Lanka could face energy and capacity shortages in 2018-2019 and under drought  conditions even with planned plant additions   ...


Policy contradictions hold back economic prospects

7 December 2016

   Whilst fiscal adjustments are in disarray, the Central Bank which is supposed to conduct the country’s monetary policy independently is being increasingly subject to political influence, according to recent newspaper rep...


Why agricultural value chains fail – Part (2): A principal-agent-problem

7 December 2016

  A tea cultivation in Nuwara Eliya – Pic by Shehan Gunasekara   It is time to move away from traditional subsidy based agricultural value chains and look for more efficient methods. Some organisations are a...


Columnists More