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

BMW sees China, India helping full-year sales growth


Comments / 722 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

Brexit success and the response of universities

29 June 2016

 W.A. Wijewardena in his Daily FT column on 27 June questions whether the UK Universities and the research sector is the biggest casualty in the aftermath of Brexit. Apart from the financial implications, if Brexit is a sign of a trend toward...


Brexit worsens external economic environment for Sri Lanka

29 June 2016

  The UK’s withdrawal from the European Union (EU) following the referendum of Brexit – abbreviation of British exit – last Friday has created ripples in global markets. The British Pound fell to its lowest level sin...


The two trillion dollar earthquake! What next?

29 June 2016

Friday 24 June saw the global markets rumbling and initially seeing two trillion dollars wiped off within hours as a result of the Brexit news sent shockwaves around the world. This was the magnitude of the decision taken by 52% of UK voters to le...


Soft exit strategy for silent old guard, while our young republican watchdogs bay for blood

29 June 2016

  The silent treatment   It’s the clever young man who writes a column for another newspaper who made me realise for the first time what’s really wrong. He was so clear and trés articulate that ...


Columnists More