Bayerische Motoren Werke AG, the world’s biggest manufacturer of luxury vehicles, expanded its lead over Volkswagen AG’s Audi, buoyed by demand for the X3 sport-utility vehicle.
Bayerische Motoren Werke AG held onto the lead in global luxury-car sales as demand for 5-Series sedans and X5 sport-utility vehicles helped edge out Audi AG.
Audi AG’s two decades of dominance in China may end as Daimler AG and Bayerische Motoren Werke AG step up their challenge in the world’s largest auto market.
"We did not expect VW to cut its very high capex spending, but this raises some concerns that VW fixed costs momentum could indeed become a bigger issue."
- Arndt Ellinghorst on Nov 21, 2014