VW, BMW most likely to gain market share: Survey
Reuters: Detroit, Jan 10 2013, 05:39 IST
Volkswagen AG and BMW are the favourites to add market share in the global auto industry over the next five years, according to a survey of top automotive executives released on Wednesday.
Toyota Motor Corp saw a big rebound in its standing, and while the combination of Hyundai Motor Co and its Kia Motors Corp affiliate still ranked fourth, the number of executives who felt they will gain market share declined, according to the survey conducted by advisory firm KPMG.
VW topped the list for the third consecutive year, and the percentage of executives who believe the German automaker will gain market share globally jumped 11 points to 81%, according to KPMG.
BMW was second at 70%, up 7 points from last year’s survey.
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