Pursuits
BMW, Daimler Drop Below Toyota in European Car Market
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Bayerische Motoren Werke AG and Daimler AG, the world’s top luxury-car makers, fell behind Toyota Motor Corp. in European deliveries in 2009 as government incentives failed to boost demand for their vehicles.
BMW and Daimler, the maker of Mercedes-Benz, dropped to eighth and ninth place in Europe, while Toyota, including the Lexus brand, rose to seventh, according to figures released today by the Brussels-based European Automobile Manufacturers’ Association. BMW’s namesake brand and Daimler’s Mercedes-Benz marque also fell below Volkswagen AG’s Audi.