BMW Group is planning to sell over 2 million cars and sports utility vehicles this year, expecting further demand in China and the United States. For the first two months of 2014, the group posted a 7-percent rise in deliveries, boosted by a 9-percent gain at the BMW nameplate, chief executive Norbert Reithofer said at a Geneva Motor Show press briefing.
BMW is showcasing a new compact van dubbed the 2-series Active Tourer and the 4-series coupe based on the 3-series sedan. It is also presenting the latest versions of its M3 and M4 high-performance models, Reithofer said that BMW will need an additional site in North America and intends to expand its two plants in China to meet future demand.
BMW, as well as rivals Audi and Mercedes-Benz, are all aiming for a fourth straight year of record deliveries in 2014. They are trying to produce away from Europe, which slumping sales were being offset by sales growth abroad.
BMW Group posted a 6-percent surge in sales in 2013 to 1.96 million cars and SUVs, with its namesake brand logging an 8 percent gain to 1.66 million deliveries. Audi, meanwhile, recorded an 8-percent rise in deliveries in 2013 to 1.58 million. The Mercedes-Benz brand, on the hand, had a double-digit sales growth at 11 percent to 1.46 million vehicles.
BMW is planning to increase capacity at its Tiexi and Dadong sites in China, Reithofer said. The German carmaker also produces SUVs at its Spartanburg plant in South Carolina. Reithofer said they expect sustained demand gains in China and the US this year. The Chinese and US both posted high sales growth in 2013, offsetting a sixth consecutive year of slumping demand in Europe. [source: Bloomberg]