Daily Archives: August 3, 2010

John Gapper

The speed at which global auto makers, particularly luxury car companies, are switching their focus of interest from the US to China continues to amaze.

BMW’s results on Tuesday, showing that its second quarter sales in China doubled from 22, 700 to 45,200, followed a declaration on Monday by Volvo’s new Chinese chairman that it will compete more directly with BMW, Mercedes and Audi.

China’s luxury car market is not only growing very rapidly but also has better margins than other markets, making it very attractive to global car companies. Read more >>