re: Power Personalities in Indian Auto Industry! Quote:
Originally Posted by PCS Andreas Schaaf (BMW India) |
Andreas took BMW to the no.1 position in India. He's moved on to a greater challenge - Cadillac @ China. Quote:
In the 1980s, almost all Cadillac sales came from the U.S. Today, more than a third comes from China. China sales surged 45 percent to 116,000 last year, while U.S. sales fell 3 percent to 170,006 vehicles.
The market in China could play to Cadillac's favor for a long time.
The luxury segment accounts for around 9 percent of the Chinese auto market, said Andreas Schaaf, general director for Cadillac in China. But the luxury segment is expected to expand to as much as 15 percent -- on par with U.S. penetration -- in the next 10 years.
| Full Autonews.com article |