Comments /680 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.
23 May 2015
Baburaj, Abhayadev and P. Leela in an undated recording session I was pleasantly surprised this week when a South Indian journal asked me to revise an article I had written earlier about the sin...
23 May 2015
At long last the Football Federation of Sri Lanka will go into an election to pick its new Executive Committee. This is a result of the 02+02 year limitation of office which precludes the incumbent President and many of the football...
22 May 2015
Comparisons are odious. As we said in this column last week, urging a principled government minister not to contrast the administration of which he is a part with the one immediately past. Because the virtue of a republican government must ...
21 May 2015
The world loves Bond, James Bond! It was James Bond, codenamed 007, who was famous for being in Her Majesty’s secret service. Brigadier M who had the control of him was discretionary as he knew Bond&rsq...