AUDI GAINS GROUND ON PREMIUM CAR RIVALS
FRANKFURT (Reuters) – Audi, the premium automobile brand of Volkswagen , posted record sales in 2011 as direct for luxury cars in China and Russia helped it gain belligerent on bigger rivals similar to BMW and Daimler’s Mercedes-Benz.
Audi on Monday denounced sales growth of 19.2 percent for final year, outpacing 12.8 percent for the BMW code and 8.0 percent at Daimler’s oppulance brand.
The VW section sole 1.30 million cars in the year, compared with 1.38 million BMWs and 1.26 million at Mercedes-Benz.
Audi wants to unseat BMW as the world‘s number a single reward automobile maker by 2015 through powering forward in China and the United States, the world’s biggest oppulance automobile market.
BMW is betting on the same thing and believes direct in these two pass markets will keep it forward of the pack.
BMW financial arch Friedrich Eichiner said final week he approaching the global market for reward cars to grow at more than 8 percent this year, more than twice as quick as the altogether automobile market.
Credit Suisse researcher Arndt Ellinghorst lifted his aim cost on BMW shares to 76 euros from 72 euros, observant he expects reward automobile makers to come out forward this year as the opening in in between the clever and the diseased widens further.
“Globalization of direct and the presentation of resources in rising markets have widened the opening in in between tellurian players with clever code equity and diseased domestically-dependent brands,” Ellinghorst pronounced in a note on Monday.
GROWTH ABROAD
Audi, BMW and Daimler all sell more than half of their cars in Europe, though mountainous growth rates in faster-growing markets such as China, the United States, Latin America and Russia are dwindling their coherence on their home market.
Audi’s sales in China jumped by about 37 percent in 2011 and were up a large 62 percent in Dec alone. In the United States, sales grew by 15.7 percent.
BMW grabbed the tip mark in the U.S. oppulance automobile market final year, circumference out Toyota‘s <7203.T> Lexus and Daimler’s Mercedes-Benz.
BMW Chief Executive Norbert Reithofer progressing pronounced in a journal talk that he was “very confident about the U.S. market’s enlargement prospects,” after the German carmaker‘s sales there grew by roughly fifteen percent in 2011.
Reithofer’s comments come as the Detroit Auto Show opens on Monday, where automobile makers are display off arriving models such as Cadillac’s ATS, with which General Motors is precisely targeting BMW’s code code code code code brand new 3 Series.
One in 3 BMWs sole is a 3 Series, and the code code code code code brand new automobile is consequential for BMW to deflect off rivals Mercedes-Benz and Audi , the reward code of Volkswagen .
Nonetheless, German automobile organisation VDA’s President Matthias Wissmann pronounced in Detroit on Monday that he expects German carmakers’ sales in the United States to grow faster than the altogether U.S. auto market.
($1 = 0.7865 euros)
(Additional stating by Jonathan Gould in Frankfurt and Christiaan Hetzner in Detroit; Editing by Chris Wickham)
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FRANKFURT (Reuters) – Audi, the premium automobile brand of Volkswagen , posted record sales in 2011 as direct for luxury cars in China and Russia helped it gain belligerent on bigger rivals similar to BMW and Daimler’s Mercedes-Benz.
Audi on Monday denounced sales growth of 19.2 percent for final year, outpacing 12.8 percent for the BMW code and 8.0 percent at Daimler’s oppulance brand.
The VW section sole 1.30 million cars in the year, compared with 1.38 million BMWs and 1.26 million at Mercedes-Benz.
Audi wants to unseat BMW as the world‘s number a single reward automobile maker by 2015 through powering forward in China and the United States, the world’s biggest oppulance automobile market.
BMW is betting on the same thing and believes direct in these two pass markets will keep it forward of the pack.
BMW financial arch Friedrich Eichiner said final week he approaching the global market for reward cars to grow at more than 8 percent this year, more than twice as quick as the altogether automobile market.
Credit Suisse researcher Arndt Ellinghorst lifted his aim cost on BMW shares to 76 euros from 72 euros, observant he expects reward automobile makers to come out forward this year as the opening in in between the clever and the diseased widens further.
“Globalization of direct and the presentation of resources in rising markets have widened the opening in in between tellurian players with clever code equity and diseased domestically-dependent brands,” Ellinghorst pronounced in a note on Monday.
GROWTH ABROAD
Audi, BMW and Daimler all sell more than half of their cars in Europe, though mountainous growth rates in faster-growing markets such as China, the United States, Latin America and Russia are dwindling their coherence on their home market.
Audi’s sales in China jumped by about 37 percent in 2011 and were up a large 62 percent in Dec alone. In the United States, sales grew by 15.7 percent.
BMW grabbed the tip mark in the U.S. oppulance automobile market final year, circumference out Toyota‘s <7203.T> Lexus and Daimler’s Mercedes-Benz.
BMW Chief Executive Norbert Reithofer progressing pronounced in a journal talk that he was “very confident about the U.S. market’s enlargement prospects,” after the German carmaker‘s sales there grew by roughly fifteen percent in 2011.
Reithofer’s comments come as the Detroit Auto Show opens on Monday, where automobile makers are display off arriving models such as Cadillac’s ATS, with which General Motors is precisely targeting BMW’s code code code code code brand new 3 Series.
One in 3 BMWs sole is a 3 Series, and the code code code code code brand new automobile is consequential for BMW to deflect off rivals Mercedes-Benz and Audi , the reward code of Volkswagen .
Nonetheless, German automobile organisation VDA’s President Matthias Wissmann pronounced in Detroit on Monday that he expects German carmakers’ sales in the United States to grow faster than the altogether U.S. auto market.
($1 = 0.7865 euros)
(Additional stating by Jonathan Gould in Frankfurt and Christiaan Hetzner in Detroit; Editing by Chris Wickham)
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