Pursuits
BMW’s Surge in China Sales Reduces Auto-Market Slowdown Concerns
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Bayerische Motoren Werke AG’s car sales in China surged in September, easing investors’ concerns that the world’s biggest automotive market is slowing and sending the manufacturer’s shares to a two-week high.
Deliveries jumped 59 percent to 29,631 BMW- and Mini-brand vehicles last month on demand for the extended version of the 3-Series sedan and the X1 compact sport-utility vehicle, Linda Croissant, a spokeswoman at the Munich-based company, said by telephone. In the first nine months of 2012, BMW’s Chinese sales climbed 34 percent from a year earlier to 237,056 cars.