SYDNEY – Demand for the 7-Series is so great that BMW Australia's New Managing Director Franz Sauter says he had to give up his own car because it was needed on a showroom floor. The auto maker says it expects to sell about 500 7-Series this year. Prices for the luxury sedan range from A$174,500 ($98,120) for the 735i to A$207,600 ($116,730) for the 745i. BMW's sales in Australia tripled to 12,000 cars last year. Despite this, Sauter says only one in every 50 new cars bought in the ...

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