German luxury car maker BMW said it sold a record 126,949 vehicles in Asia last year, up 13.8 percent from 2005, driven mostly by strong demand in China.
The Munich-based company said in a statement that it plans to sell 150,000 cars by next year.
"The BMW Group grew more strongly in Asia than in any other region of the world," said Michael Ganal, a member of the management board at BMW AG.
"This means that we are going to strengthen our presence in the individual markets in the years to come," he said.
"We will continue our product and market initiative and invest further," he added..
Sales of BMW branded cars rose 15.5 percent to 109,848 units, while take up of the popular Mini jumped 3.7 percent to 16,959.
The company delivered 142 of its ultra-luxury Rolls-Royce Phantoms to Asian customers last year, compared with the 102 in 2005.
Group sales in the China region, which covers the mainland, Hong Kong, Macau and Taiwan, rose 35.4 percent to 44,700 units.
Sales in China alone totalled 36,357 vehicles, up more than 50 percent, with the growth spurred by the BMW 3 and 5 series.
Japan, BMW's biggest individual market in Asia, saw a record 62,068 vehicles sold, up 5.6 percent.
BMW said its production plant in Chennai, southern India, is due to open soon, making it the company's fifth production location in Asia.
Production of the BMW 3 series at the Indian facility will start at the end of next month, followed by the BMW 5 series in May.
EUROPEAN TARGETS: The planned Munich center would support TSMC’s European customers to design high-performance, energy-efficient chips, an executive said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday said that it plans to launch a new research-and-development (R&D) center in Munich, Germany, next quarter to assist customers with chip design. TSMC Europe president Paul de Bot made the announcement during a technology symposium in Amsterdam on Tuesday, the chipmaker said. The new Munich center would be the firm’s first chip designing center in Europe, it said. The chipmaker has set up a major R&D center at its base of operations in Hsinchu and plans to create a new one in the US to provide services for major US customers,
The Ministry of Transportation and Communications yesterday said that it would redesign the written portion of the driver’s license exam to make it more rigorous. “We hope that the exam can assess drivers’ understanding of traffic rules, particularly those who take the driver’s license test for the first time. In the past, drivers only needed to cram a book of test questions to pass the written exam,” Minister of Transportation and Communications Chen Shih-kai (陳世凱) told a news conference at the Taoyuan Motor Vehicle Office. “In the future, they would not be able to pass the test unless they study traffic regulations
‘A SURVIVAL QUESTION’: US officials have been urging the opposition KMT and TPP not to block defense spending, especially the special defense budget, an official said The US plans to ramp up weapons sales to Taiwan to a level exceeding US President Donald Trump’s first term as part of an effort to deter China as it intensifies military pressure on the nation, two US officials said on condition of anonymity. If US arms sales do accelerate, it could ease worries about the extent of Trump’s commitment to Taiwan. It would also add new friction to the tense US-China relationship. The officials said they expect US approvals for weapons sales to Taiwan over the next four years to surpass those in Trump’s first term, with one of them saying
BEIJING’S ‘PAWN’: ‘We, as Chinese, should never forget our roots, history, culture,’ Want Want Holdings general manager Tsai Wang-ting said at a summit in China The Mainland Affairs Council (MAC) yesterday condemned Want Want China Times Media Group (旺旺中時媒體集團) for making comments at the Cross-Strait Chinese Culture Summit that it said have damaged Taiwan’s sovereignty, adding that it would investigate if the group had colluded with China in the matter and contravened cross-strait regulations. The council issued a statement after Want Want Holdings (旺旺集團有限公司) general manager Tsai Wang-ting (蔡旺庭), the third son of the group’s founder, Tsai Eng-meng (蔡衍明), said at the summit last week that the group originated in “Chinese Taiwan,” and has developed and prospered in “the motherland.” “We, as Chinese, should never