New CEOs expected to spark change in 2007; Race to reduce emissions will affect development of new powertrains.(News)

Automotive News Europe,  January, 2007  

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BMW CEO Norbert Reithofer put it quite succinctly in a year-end 2006 interview with the Suddeutsche Zeitung. He believes the global auto industry will grow 20 percent in the next 10 years. But the market for premium brands - such as BMW - will grow twice as fast as volume brands, he told the German daily newspaper.

As 2007 gets underway, it is likely that Europe - and the global auto industry - will see further proof that Reithofer is right.

Premium brands such as BMW, Audi and Porsche will again have top years, while volume automakers such as Volkswagen brand, Opel, Ford, ...

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