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)
- Islamic State video purports to show beheading of UK hostage David Haines |
- North Korea sentences U.S. citizen Matthew Miller to six years hard labor |
- Scots independence battle reaches fever pitch on streets and screens |
- UK's Cameron resists calls for air strikes despite hostage killing |
- NATO countries have begun arms deliveries to Ukraine: defense minister |