Rolls-Royce eyes 50% Greater China sales growth

Rolls-Royce Motor Cars Ltd. said it aims to maintain the 2007 car sales growth of around 50% in Greater China in 2008, the Shanghai Securities News reported. China is Rolls-Royce’s third-largest market after North America and the U.K. and it plans to have eight dealerships in the country by the end of the year, the paper said. It didn’t say how many dealerships the company has in China at present. Rolls-Royce, a unit of BMW AG, has introduced the 7.5 million yuan (US$1.09 million) Phantom Coupe in China, the report said. (September 4, 2008)