Join Date: Aug 2013
Everything is normalizing in China - the market growth, the volume growth, the margin growth," said Karsten Engel, BMW's China chief executive. Engel was speaking in an interview with Reuters at the Guangzhou autoshow on Thursday.
"In the coming years...we expect the premium market (in China) to grow around 10 percent, and for us, a little bit more. The breakneck growth of 30 to 40 percent will not come back again," Engel said.