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BMW expands US, Chinese output, plans to sell 2-million vehicles in 2014


BMW, the world’s largest premium carmaker is looking to expand production capacity at its plants in the United States and China, as the German automaker reaffirmed the company's target to sell more than two million vehicles this year. Last year BMW delivered a record 1.96 million cars (BMW brand: 1.66 million cars / MINI brand: over 305,000 cars / Rolls-Royce brand: ...
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Russian government wants domestic automakers to set up luxury brand
Russian carmakers are considering the federal government's desire for a domestic luxury brand to challenge the dominance of Western premium brands. However, the proposal was not received enthusiastically by Russian carmakers, ...
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,” ...
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 ...
Mercedes-Benz reports record sales in 2012
Mercedes-Benz Cars reported sales of 1,423,835 vehicles from the brands Mercedes-Benz, smart and Maybach in 2012, an increase of 4.5 percent versus 2011. Sales of the Mercedes-Benz core brand totaled 1,320,097 ...
BMW Group expects record sales in 2012, CFO says
BMW's chief financial officer confirmed that the automaker will break its 2011 sales record by delivering about 1.8 million new cars worldwide. The BMW Group delivered 1.66 million vehicles globally through ...
BMW Still Leading the Luxury Car Sales
BMW increased the distance from Mercedes and Audi in Luxury-car sales, thanks to its X1 compact SUV and 3-Series sedan and wagon. In November BMW’s sales reached 145,452 units, up 26%, ...
Fisker Plans to Enter China
Fisker announced its plans to enter the Chinese market in the first quarter of 2013. "We still aren't in all the markets where we want to be," said Henrik Fisker, the ...
Honda Introduces the Acura in Brazil From 2015
Honda announced it plans to sell its Acura in Brazil from 2015, the last automaker to aim for the country’s high-end consumer market. Honda CEO Takanobu Ito announced the introduction of ...
Jaguar Land Rover sales drop 4 percent in September, the first decline in 14 months
Jaguar Land Rover sales dropped 4 percent in September to 26,461 units, the company's first monthly drop since July 2011. The luxury brands' owner, Tata Motors, previously reported a 13 percent ...

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GM’s bankrupt predecessor helps customers get the $10 billion compensation
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GM and Jaguar Land Rover stopped deliveries to Russia
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Ford closes Genk Plant in Belgium
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Price of U.S. gas reaches under $2.50 a gallon
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