BMW unveils new models, forecasts modest growth in Europe, China

PanARMENIAN.Net - BMW's CEO introduced new versions of the company's big luxury sedan at the Geneva International Motor Show and cautioned that sales growth in Europe and China will only be modest this year, the Associated Press reports.

Harald Krueger showed off a new plug-in hybrid of the 7-Series, saying customers who wanted to set an example were asking for a low-emissions vehicle. For those wanting top performance, the company is rolling out a version with a 12-cylinder, 610 horsepower engine that can accelerate to 100 kph in just 3.9 seconds.

Krueger said Tuesday, March 1 the company expected "moderate sales growth" this year after a record year in which the company sold 2.2 million cars. He said he expected sales growth in Europe and China only in the lower single digit percent range.