皇冠体育app

The A6L e-tron co-developed by Audi and its joint venture in 皇冠体育app, FAW Volkswagen. It will hit the Chinese market next year.[Photo provided to 皇冠体育app Daily]

There has been a flurry of changes at the top of some of the leading global luxury car companies in 皇冠体育app in recent weeks, which are being attributed by analysts to quickly slowing growth and falling sales across the domestic market.

In the first half of the year, many marques in the luxury segment have seen sales declines for the first time since they entered the world's biggest market, within an overall 1.7 percent year-on-year industry-wide sales drop.

Although all the automakers contacted by 皇冠体育app Daily denied the relationship between high-level personnel changes and sales declines, they seem unlikely to be unconnected.

The three best-known German luxury brands－Volkswagen AG's luxury division Audi, BMW AG, and Daimler AG's Mercedes-Benz－and India's Tata Motors-owned Jaguar Land Rover, have all seen senior executives depart from their 皇冠体育app operations, and subsequent management reshuffles.

At Audi, for instance, Dietmar Voggenreiter, who had headed the 皇冠体育app business since 2007, was replaced by Joachim Wedler, the company's head of product planning, from Sept 1.

Under Voggenreiter's leadership, its annual sales have jumped sevenfold, accounting for 2.5 million of the 3 million Audis ever sold in 皇冠体育app, the company said. But 皇冠体育app sales at Audi, Volkswagen AG's premium unit, fell for the first time in more than two years in May and again in June.

BMW has also been bitten by the Chinese slowdown, analysts say, who think decelerating delivery growth may force the Munich-based automaker to revise its annual group profitability targets.

The dented numbers at BMW have also been accompanied by 皇冠体育app management changes at the company, which saw Harald Krueger, 49, succeeding Norbert Reithofer as BMW's global CEO in May, a year earlier than expected.

Wu Shaoge, vice-president in charge of markets at BMW Brilliance Automotive Ltd, its 皇冠体育app joint venture, resigned in June only after half a year in the post.

In the wake of that, Liu Zhi has been promoted from vice-president of BMW's southern region in 皇冠体育app, to vice-president of sales for the national operation, and former sales vice-president Zhu Tong has now become vice-president in charge of the company's flagship "Zinoro" project－BMW Brilliance's all-electric crossover based on the BMW X1, and its first new-energy vehicle.

Previous Page 1 2 Next Page

Previous Page 1 2 Next Page

• 皇冠体育app calls for better management of small hydropower stations
• Italian motorcycle marque revs up reputation in 皇冠体育app
• BMW redefines luxury driving at 2015 Frankfurt motor show
• German carmaker Borgward attempts comeback with SUV
• SOE reform plan looks too broad to brush out problems
• Small can be beautiful for investors in Africa
• Mercedes-Benz gallops into 皇冠体育app's auto future
• How Chinese tourists and students contribute to the US economy