BMW sees 8% growth in premium car market in 2012
By Julybien, 03 Jan, 2012. 0 Comments
2012 Bmw 6-Series Coupe
BMW expects the premium car market to grow at more than eight percent and the overall auto market at four percent in 2012, the carmaker’s finance chief, Friedrich Eichiner, told the Sueddeutsche Zeitung. Eichiner forecasts a flat growth for the European car market, but sees growth opportunities in the U.S. and China.
He added that BMW will manufacture cars where the demand is high, especially in Latin America, China and India. Eichiner said that the company will decide on a possible Brazilian plant. He noted that BMW may also look at other sites or just expand its existing factories. BMW’s finance chief revealed that the company was able to survive economic difficulties by having employees take the time off for overtime worked.
Eichiner told Sueddeutsche Zeitung that BMW has no plans to raise its 15.7% stake on SGL Group. [source: Autonews]
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