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Mercedes must turn around China operations to catch BMW, CEO says


Daimler AG CEO Dieter Zetsche said the Mercedes-Benz brand must fix its struggling Chinese operations to catch rivals BMW and Audi. “We have to fix China. And that’s what we’re doing,” Zetsche was quoted as saying by Bloomberg at the North American International Motor Show in Detroit. Daimler, the owner of the Mercedes-Benz brand, is negotiating its rôle in a possible ...
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Bentley’s global deliveries rose 22 percent in 2012
Bentley Motors today announced global growth of 22 percent in 2012 as deliveries to customers increased to 8,510 cars (7,003 cars in 2011). The figure maintains Bentley’s position as the leading ...
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, ...
Audi China car sales up 44 percent in April
Audi, the luxury carmaking unit of Volkswagen, sold 34,221 vehicles in April - indicating that demand for luxury cars continued to boom despite moderating growth in the Chinese mass-market segment. The ...
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% ...
Bentley expecting China to become its largest market this year
Bentley's CEO Wolfgang Duerheimer said he expects China to become its No. 1 market in 2012. "In China, we were the first time ever in a situation that we could sell ...
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 ...
China may overtake Germany as world’s largest luxury car market this year
China may overtake Germany to claim second spot in the ranking of the world’s largest luxury car markets this year. Currently, the world's largest market for luxury cars is the United ...
Mercedes-Benz offers largest luxury-car discounts in China
Mercedes-Benz and BMW dealers in China offered larger discounts on some models last month as the local economy slows. Mercedes' C200 sedan had an average price 16 percent below the manufacturer's ...
Jaguar Land Rover sales up 27 percent in November
Tata Motors has announced combined global sales of Jaguar Land Rover vehicles rose 27 percent in November to 29,183 units. According to data released by the Indian owner of the two ...

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