Daimler expects to overtake BMW in China in 2-3 years

Mon Apr 20, 2009 4:52am EDT
 
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SHANGHAI (Reuters) - Daimler AG (DAIGn.DE) CEO Dieter Zetsche said on Monday that he expects Mercedes-Benz to outsell premium auto brand rival BMW (BMWG.DE) in China by about two to three years from now. In March, Mercedes-Benz sales in China grew 50 percent to about 5,100 units, lagging BMW by just a few hundred units.

Zetsche said Mercedes-Benz had been China's fastest-growing luxury auto brand for the past three years.

(Reporting by Chang-Ran Kim; Writing Edmund Klamann)

 

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