BMW Sees Stable Auto Market in 2012, Sueddeutsche Zeitung Says

Bayerische Motoren Werke AG (BMW) expects the automotive market to remain stable in 2012, with growth opportunities in the U.S. and China, Sueddeutsche Zeitung reported, citing Chief Financial Officer Friedrich Eichiner.

Worldwide the market should grow by 4 percent and the premium car market by 8 percent, Eichiner told the newspaper in an interview. He said that if the euro “fails” and Germany had to return to the deutschmark, it would be “devastating” and everything should be done to stop it, the newspaper reported.

To contact the reporter on this story: Ragnhild Kjetland in Frankfurt at rkjetland@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net

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