Mon, Mar 18, 2013 - Page 14 News List

European, US auto giants eye Jakarta’s roads

AFP, JAKARTA

This figure, says Boston, will reach 16.5 percent in 2020.

And European carmakers are looking to build on their share of the high-end market, with BMW and Volkswagen introducing more expensive cars for those who need not worry about the huge tariffs.

Expensive European cars, usually considered those that cost upwards of US$55,000, presently account for just 1 percent of market share.

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