Post Tagged with: "luxury car market"

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McLaren officially opens doors in China

McLaren officially opens doors in China

The British supercar manufacturer has opened today its showroom doors in China, having now an official presence in the world’s second-largest luxury car market. McLaren Automotive, which builds the P1 and MP4-12 supercars, is entering the lucrative country as part of an aggressive drive to ramp up its Asian presence […]

Infiniti Plans to Expand in Brazil from 2014

Infiniti Plans to Expand in Brazil from 2014

Infiniti announced its plans to sell its vehicles in Brazil beginning with 2014. As Infiniti plans to rapidly expand across the globe, this year the automaker entered Singapore, Chile, Dominican Republic, South Africa and Australia, the automaker’s next target being Brazil. The company said that from the third quarter of […]

Chinese Auto Sales Will Rise in 2012

Chinese Auto Sales Will Rise in 2012

According to J.D. Power and Associates, Chinese auto sales will grow with 11% in 2012, accounting for 40% of the automobile sales worldwide this year. In 2011 China accounted for 24% of the global sales, and from 2011 until 2015 the country will make for 70% of all sales growth […]

BMW expects 8 percent market growth in 2012

BMW expects 8 percent market growth in 2012

BMW AG, the world’s largest luxury automaker expects the premium-luxury car market to grow more than twice as fast as the overall auto market this year, its Chief Financial Officer Friedrich Eichiner said in an interview with an German newspaper, Reuters reports. “Around the world, we see market growth of […]