
With China automotive sales growing 35 percent, Porsche is forecasting that it will hit a record in its worldwide deliveries in 2011, placing the country on track in overtaking the United States as its largest market by 2014, according to the carmaker’s head of China, Helmut Broeker. Daimler AG unit Mercedes-Benz, BMW AG as well as Porsche all posted increases in their four-month sales in the country, exceeding 30 percent as increasing numbers of high-class Chinese consider luxury cars from Germany-based automobiles as status symbols. These increases are outperforming a slow-paced overall market, which advanced 8.1 percent in the first three months this year, the weakest in two years, says Autonews. More...