Research (J&T BANKA)
World markets  |  March 06, 2013 11:21:53

Management of BMW and Daimler says the outlook for this year - a decline in Europe, solid growth in China only


BMW boss Norbert Reithofer commented yesterday on the prospects for the company this year. Strong growth in the automotive market as it waits only China (+8.5% y / y), while in the U.S. will slow growth (2%) and Europe will continue to decline (-2%). The debt crisis will be under Reithofer problem for Europe for the next 5 years.

Daimler boss Dieter Zetsche said yesterday that the automaker had a worse start of the year than expected. Yet in Europe expected upturn in the 2nd mid-year and slightly better prices worldwide.

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