BMW Chinese JV partner Brilliance China Automotive Holdings has told shareholders it expects to book a net profit for full year 2010 after a net loss in 2009.
Reason? A “significant increase” in the BMW Brilliance sales volume and the axing of its Zhonghua sedan business.
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The automaker said it sold more BMWs in the second half of 2010 than the first half and product mix was “more favourable”.
Its model line includes a long wheelbase 5 series developed specially for China’s chauffeur-drive market.
