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VW’s Lamborghini, BMW Expect Car Sales Growth in China to Slow
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Volkswagen AG’s Lamborghini and Bayerische Motoren Werke AG said they expect sales of luxury cars in China to rise at a slower pace amid higher fuel costs and a decelerating economy.
Lamborghini Chief Executive Officer Stephan Winkelmann and BMW sales chief Ian Robertson are among global car executives who said yesterday at the Beijing auto show that Chinese demand is slowing. Volkswagen, Europe’s largest carmaker, said April 22 that industrywide inventory of vehicles in China is rising.