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Business & Finance

BMW anticipates ‘normalised’ growth in China this year

Published April 20, 2013 Updated April 20, 2013 06:07am
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By Parvez Jabri
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imageSHANGHAI: BMW, 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 normalising growth figures in coming years," he said.

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