

Auto sales in China, the world’s biggest car market, expanded 2.3 percent year-on-year in November, an industry group said Wednesday, the slowest for any month this year.


Auto sales in China, the world’s biggest car market, expanded 2.3 percent year-on-year in November, an industry group said Wednesday, the slowest for any month this year.

Daimler’s Mercedes-Benz brand needs to catch up with German rivals BMW brand and Audi in China to meet its goal of becoming the world’s largest maker of luxury cars by 2020, the carmaker’s China chief, Hubertus Troska (photo above), said.

BMW brand reported its highest-ever November sales, beating Audi and Mercedes-Benz brand, but the two rivals remain on course to narrow BMW’s 2014 lead in the global luxury car market.

By DAVID McHUGH

Volkswagen recruited Herbert Diess, a top BMW executive — who was immediately seen as a potential successor to VW boss Martin Winterkorn as other management changes at BMW took place.