BRICS countries will continue to see increased investments in the automotive sector, according to a new KPMG Global Automotive Executive survey released here on Thursday. The survey of 200 auto executives from 31 countries indicates that an average of nearly six out of 10 respondents say they will increase their investments in the BRICS countries, which are expected to account for nearly 50 percent of all global vehicle sales by 2018. “Compared to our previous 2012 survey, respondents forecast exports from the BRICs to grow more quickly. 36 percent feel Russia will sell over a million vehicles overseas within the next 3-5 years,” KPMG Africa Automotive leader Gavin Maile said.
Luxury car market turning Chinese
The Porsches of the world will be consumed by the Chinese. With each passing year, the luxury vehicle market moves Eastward, to China, and away from the United States and Western Europe. According to a 16 page report titled “Upward Mobility: The Future of China’s Premium Car Market” by McKinsey & Company, China will overtake the U.S. as the world’s top luxury car market in seven years. It’s already heading in that direction.
The best cars of the Geneva Motor Show 2013
It's the moment supercar obsessives have been waiting for all year: the Geneva Motor Show. The sprawling exposition is the biggest event in motoring, the stage on which Europe's finest brands from Aston Martin to Zonda unveil their latest creations. This year's event was no different, with new flagship supercars from Ferrari, McLaren and Lamborghini to name but a few. Here are just a few of those we can't wait to drive......