Fox Business - The Power to Prosper
Search Site


Audi Expects To Sell Half Million Cars In China This Year

Volkswagen's <VOWG_p.DE> luxury division Audi plans to sell about half a million cars this year in China, the world's biggest auto market, and raise the number of its Chinese dealers to 500 by 2017.The German automaker hopes its car sales will exceed 500,000 this year, executives told reporters on Friday before the Beijing auto show, which opens on Sunday.Foreign auto makers, such as General Motors Co <GM.N> and Toyota Motor Corp <7203.T>, and domestic players such as SAIC Motor Corp <600104.SS> have been competing aggressively in China, where rising affluence is boosting car ownership."This country has an increasing number of mega cities," Audi Chief Executive Rupert Stadler said, naming Beijing, Shanghai and Guangzhou as examples. "In these three areas, there are as many people as, for example, in Germany."In 2013, Audi sold 488,000 vehicles in China and a total of 492,000 including Hong Kong. Executives said it aimed to take advantage of the increasing popularity of SUVs and rising ...

Read More

  1. Should you take the car rental insurance?

    The question comes up whenever you rent a car : Should you buy the loss damage waiver, which limits or eliminates your financial liability for damage to the vehicle ...

  2. Dunkin' Donuts to start selling Peeps donuts

    Fox Biz Flash: Friday, 3/28

  3. BMW Takes on the Luxury Electric Car Market

    The high-end U.S. electric car market will soon have another big competitor.BMW is getting ready to roll out its brand new i3 all-electric vehicle in May, and with a...

  4. BMW takes on the luxury electric car market

    FBN’s Seana Smith on BMW ’s i3 all-electric car.

  5. BMW plans to increase U.S. production capacity

    FBN’s Adam Shapiro breaks down afternoon market news.

  6. BMW Looks to Increase U.S. Production

    German luxury carmaker BMW is looking at raising production capacity at its plant in the United States and releasing 12 new models as it chases record car sales and ...

  7. European Stocks Stall Ahead of Fed Meeting

    European stocks paused from a two-day rally Wednesday, with investors awaiting the U.S. Federal Reserve's policy meeting.Markets have rallied this week as tensions i...

  8. Star-studded cast checks into 'The Grand Budapest Hotel'

    Wes Anderson allows actors to venture into new territory

  9. BMW Aims To Sell Record 2 Million Cars in 2014

    BMW aims to sell a record 2 million cars or more this year, the world's largest luxury carmaker said, after posting better-than-expected results and raising its payo...

  10. Audi takes the lead as world’s top luxury car

    Audi CEO Scott Keogh on how 1Q sales are shaping up.

  11. European Stocks Struggle

    European stock markets struggled to push higher in a choppy session on Tuesday, with major banks leading markets lower, while BMW advanced after an upbeat February s...

  12. Are extended auto warranties worth it?

    Consumer Reports Senior Projects Editor Tod Marks on whether extended auto warranties are with the cost.

  1. GM to shift global Cadillac chief back to Washington policy job-source

    General Motors Co plans to shift its global Cadillac chief back to focus full time on his former lobbying position in Washington as the No. 1 U.S. automaker deals wi...

  2. German, Japanese carmakers cash in on Korea-U.S. trade deal: data

    Japanese and German automakers are benefiting more than their U.S. peers from a free trade deal between Washington and Seoul, according to import figures suggesting ...

  3. Jon Hamm unveils Mercedes’ new hot wheels

    Mercedes-Benz USA CEO Steve Cannon on company growth in the luxury car market.

  4. BMW recalls popular cars, SUVs for possible stalling

    FBN’s Liz MacDonald on the latest recall by BMW .

  5. BMW says to recall 156,137 vehicles in U.S.

    German carmaker BMW said it has informed the U.S. National Highway Traffic Safety Administration that it intended to voluntarily recall about 156,137 vehicles in the...

  6. Elon Musk the most extraordinary visionary of our generation?

    MDC Partners CEO Miles Nadal weighs in on Elon Musk and Tesla.

  7. Wal-Mart's Future Fleet of Transformers

    Amazon's (NASDAQ:AMZN) drone messengers can step aside -- Wal-Mart (NYSE:WMT) has unveiled its fleet of the future, and it looks a lot like an army of Transformers.F...

‹ Prev12345Next ›
Freebase CC-BY
Source: BMW on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL