BMW AG, Daimler AG's Mercedes-Benz brand and Volkswagen AG's Audi nameplate are racing to increase their footprints in China in order to benefit from the market's growth potential and reduce their reliance on sales in Western Europe and the U.S.
Luxury-Car Sector Still Thrives in China
China continued to offer some relief for the world's biggest luxury-car makers in September, with sales soaring from a year earlier, driven by new models and a robust economy bolstered by stimulus packages.
