• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

BMW confident that sales in China will grow next year – CFO

September 6, 2021 by David Barret Leave a Comment

September 6, 2021

By Christina Amann and Victoria Waldersee

MUNICH (Reuters) – BMW is confident that sales in China will grow next year, finance chief Nicolas Peter told Reuters on Monday, attributing high demand for premium cars to travel restrictions which meant consumers had more money to spend.

Car sales in China have fallen in recent months as floods, COVID-19 outbreaks and a semiconductor shortage hit the domestic market – but BMW has bucked the trend, reporting a 12% rise in sales there in its second quarter results.

“The market will not grow as quickly as it did over the last 12 months – that was when the catch-up effects after the corona disruption made themselves felt,” Peter said. “But we do expect it to grow.”

In addition, BMW was profiting from international travel restrictions that have left more money in people’s pockets in China for discretionary spending, he added.

(Reporting by Victoria Waldersee, Christina Amann, Editing by Douglas Busvine)

Source Link BMW confident that sales in China will grow next year – CFO

David Barret
David Barret

Related posts:

  1. Japan lays out growth strategy priorities ahead of elections
  2. Special Report-How the Chinese tycoon driving Volvo plans to tackle Tesla
  3. Tanzania says gunman who killed four people last month was a terrorist
  4. Sony’s PS5 Showcase 2021 will announce “the future of PS5”

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Reptiles “Pee” Crystals, But What Are They Made Of? Scientists Wanted To Find Out
  • A Vaccine For Stomach Ulcers Might Be On The Cards, And It Could Fight Off Cancer Too
  • Only One Place On Earth Now Remains Mosquito-Free As Iceland Records First-Ever Sighting
  • This Is One Of The Only Groups Of People Outside Africa Who Had Virtually No Denisovan DNA
  • Puzzling “Transient” Lights In The 1950s Skies Focused Around Nuclear Testing Facilities, Intriguing Study Finds
  • The Maya Calendar Had A Way To Predict Eclipses That Was Accurate For Centuries
  • “Elon Owes You $100”: Musk’s SpaceX Settles Lawsuit With Cards Against Humanity
  • Eyes To The Skies! The Special Orionids Meteor Shower Peaks Tonight
  • Flying Spiders Are Real, But It’s Not As Frightening As It Sounds
  • It Can Rain Monkeys In Florida, And The Reason Why Dates Back To The 1930s
  • New “Ghost Particles” Data Hints At Why The Universe Is Not Made Of Antimatter
  • Human Hybrids May Have Been A Hidden Factor In The Extinction Of Neanderthals
  • Elon Musk’s Classified “Starshield” Satellites Are Emitting An Unusual Signal, Amateur Astronomer Finds
  • Getting To Uranus Could Take Half The Time With SpaceX’s Starship
  • Wind Phones: Does Talking To The Dead Really Help With Grief?
  • Fight, Flight, Or Fall Over: Meet The Myotonic Goat
  • JWST Confirms Day-Long Gamma-Ray Burst Was The Most Energetic Event Humanity Has Witnessed
  • These Birds Self-Cannibalize Their Own Organs To Complete Their Non-Stop 11,000-Kilometer Migration
  • “I’ve Never Seen This Happen Before”: Space Junk Found In Western Australian Desert Reported To Have Landed On Fire
  • Armadillo Girdled Lizards Turn Themselves Into An Ouroboros To Protect Their Underbelly
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version