German automotive giant BMW AG announced that it sold more cars than in the first half of last year. The main reason for the growth was the increase in sales in China. Over half of this year the company delivered 1.02 million vehicles BMW, Mini and Rolls-Royce. The plan of the company is the sales growth to more than 2 million cars in 2014.
We maintain our positive outlook on shares of this company due to increased demand for cars in China (23%) and the USA (5.1%) in the first half of this year. Growth potential is 10-13% by the year end.