UPDATE 1-INTERVIEW-BMW expects to double Asia sales in five yrs

Newswire

(Adds details from press conference) By Peh Soo Hwee SINGAPORE, Feb 27 (Reuters) - BMW plans to double sales in Asia in the next five years and sees a strong appetite for luxury cars in China, the German car maker said on Thursday. Munich-based Bayerische Motoren-Werke AG aimed to sell 150,000 cars a year in Asia by 2008, up from around 78,000 last year and given a big boost by China, where BMW will open a factory by the end of 2003, said Michael Ganal, a member of BMW's board of ...

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