BMW anticipates "normalized" growth in China this year
SHANGHAI (Reuters) - BMW (BMWG.DE), the world's biggest luxury carmaker, said it is targeting "upper single-digit" sales growth in China this year, a senior company official said on Saturday.
"I don't anticipate that those rates (of about 40 percent in BMW 2012 group Chinese sales) will continue," BMW sales chief Ian Robertson told reporters at the Shanghai auto show.
"The (Chinese) market is maturing somewhat. We're expecting normalizing growth figures in coming years," he said.
(Reporting by Andreas Cremer; Editing by Ron Popeski)
- Divers feel with their hands for corpses in depths of South Korean ferry |
- Obama reassures Japan, other allies on China ahead of visit
- Satellites show North Korea nuclear test unlikely: think tank
- Teen who stowed away on Hawaii flight resting in hospital
- China factory activity shrinks for fourth month |