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

BMW sees China, India helping full-year sales growth


Comments / 735 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

SAITM and private medical schools: One bad start should not lead to throwing away a good idea

20 February 2017

Opposition to SAITM SAITM, the abbreviation for Sri Lanka's newest private university, South Asian Institute of Technology and Medicine (available at: http://www.saitm.edu.lk/), has been denoting a derogatory meaning in Sri Lankans' pres...


Delightfully imperfect?

18 February 2017

  A foreign national passing through the Colombo Private Bus Terminal on the day of a private bus strike  – Pic by Shehan Gunasekara     “Forty-year-old Mrs. Doreen Kulandivelu ...


Mother Lanka pregnant for the third time!

18 February 2017

A nattami carrying goods at Manning Market; the National Flag is seen on the wall in the background                                      &nbs...


Acting now for a better Sri Lanka

17 February 2017

Soldiers looking for survivors after a massive landslide in Aranayaka last year. The consequences of climate change will create a new pool of conflicts and will force people to survive and find a suitable way to live somewhere else – Pic by ...


Columnists More