Sales of BMW AG vehicles in the Chinese market are expected to increase by a “strong double-digit” percentage and to exceed 100,000 vehicles this year, according to media reports.
The world’s biggest maker of luxury cars wants to exploit the sales growth in China and other emerging markets. It plans to deliver more than 1.3 million vehicles worldwide this year and to sell more than 2 million cars and SUVs by 2020. BMW is predicting that a revamped 5-Series sedan would be able to attract buyers in BMW’s big markets and as a result, it would achieve a “sharp” gain in profit in 2010.
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