BMW sees German car market shrinking 5.9 pct in 2013 -CEO
BERLIN Aug 1 (Reuters) - BMW expects the German auto market to shrink 5.9 percent this year and is bracing for its home region to stagnate over the medium term, Chief Executive Norbert Reithofer said.
The world's leading luxury-car manufacturer will step up production in the second half of the year, reflecting the roll-out of new or revamped models and higher output volumes in 2014. (Reporting by Irene Preisinger. Writing by Andreas Cremer. Editig by Harro ten Wolde)
- Exclusive: Radar data suggests missing Malaysia plane deliberately flown way off course - sources
- Investigators focus on foul play behind missing plane: sources |
- Kremlin website hit by 'powerful' cyber attack
- West prepares sanctions as Russia presses on with Crimea takeover |
- UPDATE 1-Rolls-Royce concurs with Malaysia on missing jet's engine data