Word: bmw
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Dates: during 2000-2009
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Still, catching BMW won't be easy. The Bavarian stalwart sold 1.5 million cars last year, nearly 336,000 of them in the States, and it is building cars at a plant in Spartanburg, S.C. That gives BMW a healthy cost advantage with the euro so strong--which is why Audi hasn't ruled out opening its own U.S. plant...
...BMW is the world's leading premium carmaker, closely followed by Mercedes, and Audi's overarching goal is to overtake them--which won't happen without the boost in U.S. sales it's striving for. And given the shape of the U.S. economy, that task isn't getting any easier. Worldwide, however, Audi had a strong 2007. It sold 964,151 cars, 6.5% more than in 2006, and its revenue jumped almost 8% to $52.9 billion. This year, Audi has sold 516,211 cars as of June 30--a half-year sales record and a 1.4% increase over midyear...
Puny greenbacks and diesel issues aside, Garel Rhys, an emeritus professor of automotive economics at Cardiff Business School, says, "Audi's closing the gap quickly." Five years ago, Audi wasn't competitive, but now it outsells BMW in several European markets. Nagley's not sure there's much that BMW can do to halt that design-driven momentum. "It's not been able to stop Audi in Germany, the U.K. and the rest of the world, so why should it be able to stop it in America...
...Mans, and the R8's bloodlines flow directly from those victories. The low-slung, squat R8 grips the road with comforting authority. Likewise, it navigates twisty country roads with commanding agility. Such performance doesn't come cheap. The $112,500 price is more than for most Mercedes and BMW roadsters, but less than what you'd pay for, say, a Ferrari or Lamborghini...
...India and Brazil. There's always been this kind of residual fear over Russia," says Roland Nash, head of research at Renaissance Capital, a Moscow-based investment bank. Still, he adds, "Eventually what will drive people back into the market is the fact that there are cheap assets here." BMW, Enel, L'Oréal and all the other foreign companies continuing to crowd into Russia wouldn't disagree...