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BMW Chief Plans ‘Big Push’ to Fend Off Audi, Mercedes

Bayerische Motoren Werke AG, the world’s largest maker of luxury autos, will expand the BMW and Mini model ranges to boost annual sales 55 percent over the next decade and fend off Volkswagen AG and Daimler AG.

A new factory and expansion of existing facilities may be needed to underpin growth in the long run, Chief Executive Officer Norbert Reithofer said. BMW aims to sell more than 2 million vehicles by 2020 from 1.29 million last year.