BMW not put off by declining sales in China

From site,

German luxury carmaker BMW expects China will become one of its five biggest markets in the world in a decade, the company’s chairman said as he shrugged off a drop in sales, state media reported Tuesday.

“For BMW, China now is within the top 10 markets in the world and it will be within the top five markets within the next decade,” said BMW chairman Helmut Panke in an interview with China Daily.

BMW’s sales on the mainland tumbled 11 percent year-on-year to 3,977 in the first quarter of this year, the newspaper said, citing figures from the company’s Beijing office.

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