BMW retained the crown as the world’s largest luxury carmaker after sales and profits rose to record levels last year, but it warned that slowing Chinese growth may hamper its most profitable market.
The German carmaker’s volume sales in mainland China, the world’s largest car market, grew 1.6 per cent in 2015 compared with 16.6 per cent in 2014. Sales also slowed in the US.
However, BMW sold 1m cars in Europe for the first time last year, highlighting the recovery in the region’s car market since the financial crisis.
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